100% Bonus depreciation is a tax provision that allows businesses to deduct the cost of certain qualifying property in the year it is placed in service rather than having to depreciate the cost over several years. Unfortunately, the 100% bonus depreciation deduction will begin to phase out after 2022. Learn more about the phase-out schedule and the alternative Section 179 deduction.
Insights and Resources
Measuring customer satisfaction
Measuring customer satisfaction provides a business with critical feedback, but unfortunately, many companies fail to survey their customers regularly. Learn the most common metrics and best practices for measuring your customer’s satisfaction.
Business Interest Expense: How much can you deduct?
The tax treatment of business interest expense is governed by Section 163(j) which places limits on the amount of interest businesses can deduct on their tax returns based on their income and other factors. Unfortunately, the calculation for determining a company’s limit has changed starting with the tax year 2022 and stands to impact many large businesses negatively.
Properly Funding Your Living Trust
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.
Initial jobless claims drop further
Initial claims for unemployment benefits fell by 1,000 to 191,000 last week, remaining below the pre-pandemic average and below expectations of a slight increase to 197,000.
Catch-25: Fed hikes rates amid financial stability risk
The Federal Reserve finds itself as it lifted its policy rate by 25 basis points on Wednesday amid a quickly evolving global banking crisis.
CHP Energy Solutions’ digital transformation is on a mission
By working with RSM’s team of experienced Microsoft advisors, CHP Energy Solutions’ digital transformation elevated its operations and energized its staff. Its noble 50-year mission has been modernized, making teams and processes more efficient while providing a path to scale up and serve more households and communities.
How hedge funds achieve alignment with investors
Find out more about how hedge fund managers are adapting their business model in response to competition and the evolving mandates of investors and competition.
What does SECURE 2.0 mean for small employers?
SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.
Taking action: What financial institutions can do in the wake of bank failures
Financial institutions need to understand what led to the recent failures of Silicon Valley Bank, Signature Bank of New York and Silvergate Bank so they can enhance their organizations’ risk management activities and meet increased regulatory expectations while also maintaining customer confidence.