Insights Gallery

6 Misconceptions of a Revocable Living Trust

By Johnson & Sheldon | May 8, 2023

A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.

FAQ: Capitalization and amortization of R&D costs under new section 174 rules

By RSM US LLP | April 25, 2023

See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.

M&A considerations resulting from the new required tax treatment of R&D costs

By RSM US LLP | April 24, 2023

New requirements to capitalize and amortize R&D costs are affecting M&A buyers by introducing costs and tax liabilities.

Health savings account benefits for employees and employers

By RSM US LLP | April 12, 2023

Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees.

IRS Dirty Dozen Top Tax Scams To Avoid

By Johnson & Sheldon | April 7, 2023

Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.

FASB issues ASU on leases between entities under common control

By RSM US LLP | April 5, 2023

FASB issues ASU responding to private company stakeholders’ concerns about applying ASC 842 between entities under common control.

The great deposit migration, moral hazard and a fragmented banking system

By RSM US LLP | March 27, 2023

The recent financial shock has exposed the underlying problem in the banking sector: A flawed regulatory framework treats small and medium-size institutions unequally compared to their largest competitors.

What does SECURE 2.0 mean for small employers?

By RSM US LLP | March 20, 2023

SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.

Properly Funding Your Living Trust

By Johnson & Sheldon | February 28, 2023

Failing to properly fund a living trust is one of the most common errors people make and can lead to unintended consequences and added costs for both the individual and their beneficiaries. In this video, we'll provide an overview of how to properly fund a living trust.

R&E Expense Amortization Got You Down?

By Johnson & Sheldon | February 27, 2023

Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.

Business ownership: The dynamics of a mature business

By RSM US LLP | February 8, 2023

Mature businesses need to prepare for what lies ahead. RSM advises business owners in all phases of the business lifecycle.

Business ownership: A focus on growth

By RSM US LLP | February 8, 2023

The business startup lifecycle: Answers to common questions business owners ask in the growth stage.

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We are clients of the RSM Professional Services+ Practice. As a client, we have access to the Professional Services+ Collaborative, a globally connected community that provides access to an ecosystem of capabilities, collaboration and camaraderie to help professional services firms grow and thrive in a rapidly changing business environment. As a participant in the PS+ Collaborative, we have the opportunity to interact and share best practices with other professional services firms across the U.S. and Canada.