Author Archive

Sales tax considerations for exempt organizations

The application of sales and use tax to the activity of exempt organizations is complex and nuanced. RSM state tax and exempt organizations specialists explain what you need to know.

5 signs your nonprofit needs to update its business processes

Modernizing business processes has never been more crucial for mission-driven organizations. Key indicators let nonprofits know it may be time to upgrade their technology.

The Inflation Reduction Act of 2022 proposes $80 billion in additional funding for the IRS

The Inflation Reduction Act of 2022 provides significant funding for the IRS over the next 10 years. The IRS is expected to use over half the funds for enforcement. Taxpayers can also expect to see an increase in taxpayer services.

Tax issues that arise when a shareholder or partner dies

This article examines the various federal income tax issues, both from the individual and entity level, to be mindful when an owner of a passthrough entity dies.

Pass-through entity elections are here to stay: What you need to know

Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next.

5 ways nonprofits can stay agile

To stay nimble, nonprofit organizations should examine these five areas to enhance their ability to adapt to change.

OMB issues 2022 Compliance Supplement

The OMB has released the 2022 Compliance Supplement, which is effective for audits of fiscal years beginning after June 30, 2021.

Tax-exempt status in health care

Tax-exempt health care organizations must take care to maintain status. Organizations can highlight work within communities to help validate their standing.

Construction industry outlook

In our 2022 construction industry outlook, we explore what’s ahead for middle market business leaders.

SAS 136: The ERISA Section 103(a)(3)(C) audit election

Plan administrators should consider all implications of an ERISA Section 103(a)(3)(C) election before the election is made.