United States

Will changing tax rules affect your business?

Understand the potential impact of tax reform on business growth plans

RESOURCE CENTER

From a major federal tax overhaul to specific state and local tax law changes, government entities are constantly adjusting the tax landscape for businesses. Further, both President Trump and the House Republicans believe that tax reform is essential if the U.S. economy is to increase its rate of growth.  

As a business leader, you need to be aware of what is happening and what may happen to the taxation of your business. When the rules are constantly changing, that can be difficult. We stay on top of changes – and potential changes – so that you can plan your business strategy accordingly.

KEY CONSIDERATIONS

Federal

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International

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State & Local 

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SUMMARY OF PROPOSED REFORM

The House Tax Reform Blueprint: What would the building inspector say?

RSM Principal Don Susswein explores the potential impact of the domestic proposals found in the House GOP Tax Reform Blueprint.

LATEST DEVELOPMENTS

2017 non-US repatriation opportunity

2017 non-US repatriation opportunity

Both the Trump administration’s tax proposal, as well as the House Republican Tax Blueprint, contain provisions which would tax unrepatriated earnings of foreign subsidiaries of U.S. multinational corporations.

  • May 31, 2017
Is state tax reform coming in waves?

Is state tax reform coming in waves?

Contending with several quarters of weak growth in overall state tax collections, between 25 and 40 states are facing revenue shortfalls. The budget season is heating up with a flurry of legislation proposed to close those budget gaps for the 2018 fiscal year.

  • May 30, 2017
Border tax now seems unlikely to survive

Border tax now seems unlikely to survive

Recent statements from key players in tax reform cast serious doubt on the future of the proposed border adjusted tax.

  • May 30, 2017
Compensation planning for potential lower tax rates

Compensation planning for potential lower tax rates

Although the specific provisions and timing of tax reform remain uncertain, it seems likely that business tax rates will be lower in the future. Given this expectation, prudent planning for employers includes accelerating deductions into periods before the rates will drop, leading to a permanent tax savings from the rate differential.

  • May 26, 2017

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