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. Expect tax reform to be a central focus of the new Congress and Administration in 2017.  

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.

U.S. TAX REFORM

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
Health care reform efforts move forward in Congress

Health care reform efforts move forward in Congress

The House of Representatives passed the American Health Care Act as a first step toward modifying the Affordable Care Act.

  • May 08, 2017
Trump administration releases tax reform proposal

Trump administration releases tax reform proposal

Newly announced proposal draws heavily on President Trump’s campaign proposals; many critical details are not addressed.

  • April 27, 2017

Proposed tax reform would have profound effect on oil and gas industry

Proposed tax reform would offer significant benefits for the oil and gas industry, though there are also some potential concerns.

  • April 24, 2017
State gross receipts taxes—a new trend in state tax law?

State gross receipts taxes—a new trend in state tax law?

Facing the uncertainty of federal tax reform, and in addition to widespread budget deficits and lackluster economic growth, several states are considering new (or bringing back old) methods of revenue generation.

  • April 19, 2017

Tax reform is likely to curtail some credits and incentives

Businesses should understand how they may be affected by the elimination of some credits and incentives and the expansion of others.

  • April 03, 2017
Comprehensive tax reform could call into question US tax treaties

Comprehensive tax reform could call into question US tax treaties

As the idea of comprehensive tax reform continues to move forward, the House Republican Blueprint has become a major topic of discussion, fueling both commentary and questions around this potentially far-reaching overhaul of the U.S. system of taxation.

  • March 30, 2017
Border tax would mean sweeping changes for middle market

Border tax would mean sweeping changes for middle market

The proposed border adjustment tax and corporate tax reform would be the most sweeping change to the tax code since 1986.

  • March 10, 2017
Timing of tax reform

Timing of tax reform

While the process is notoriously fluid and unpredictable, it appears it will likely be late 2017 before we have final tax reform legislation.

  • February 23, 2017

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.

  • February 23, 2017
House tax reform plan includes new

House tax reform plan includes new "border adjustment" proposal

As 2017 begins, and a new Congress and president are sworn in, a comprehensive tax overhaul appears to be near the top of the legislative agenda. Key to the House GOP’s tax proposal is a move towards a destination-based tax, where income from goods and services are taxed based on where they are consumed, as opposed to where they are produced.

  • February 07, 2017
Final and temporary regulations tweak dividend equivalent tax regime

Final and temporary regulations tweak dividend equivalent tax regime

Regulations make technical changes to section 871(m) withholding rule but questions about legal effect remain in light of regulation freeze.

  • January 30, 2017
What will President Trump's tax policy mean for transfer pricing?

What will President Trump's tax policy mean for transfer pricing?

The new Trump administration is garnering attention worldwide. Ken Almand, Head of Transfer Pricing at RSM UK, recently explored the possibilities for new U.S. corporate tax rates under President Trump’s administration and whether multinationals will rush to review their tax strategies and transfer pricing in the United States.

  • January 26, 2017
Trump administration halts federal rulemaking including tax rules

Trump administration halts federal rulemaking including tax rules

Regulations submitted but not published in the Federal Register are to be withdrawn; published but not yet effective regulations are delayed.

  • January 25, 2017

Border adjusted tax proposals may impact exporters and importers

A new destination-based tax regime may be part of increasingly likely comprehensive tax overhaul, but details remain unclear.

  • January 17, 2017
What infrastructure investment means for the middle market

What infrastructure investment means for the middle market

It is far past time to repair how we travel, communicate, conduct commerce and provide energy to our communities.

  • January 12, 2017

8 tax questions US companies should consider before expanding overseas

Doing business overseas may trigger unexpected tax consequences, but careful planning can help mitigate the tax bite.

  • December 22, 2016

On the horizon: Tax reform

Expecting tax reform to become a reality, some companies and individuals may want to take action before 2016 ends.

  • December 08, 2016

Tax reform likely to occur early next year

Expect tax reform to be a central focus of the new Congress and new administration in early 2017. Here is a look at what could be coming.

  • November 28, 2016
Election impact on tax policy

Election impact on tax policy

President-elect Trump and the House Republicans believe that tax reform is essential. Expect tax reform to be a central focus in early 2017.

  • November 10, 2016

Stay up to date with our tax reform coverage, subscribe to RSM tax publications: subscribe now.

Subscribe to Tax Alerts



How can we help you grow your business?