This edition of our newsletter breaks down different business structures and why they should be part of your tax strategy. We also share an important tax fraud protection resource everyone should be using and shine a light on the state of AI in the middle market.
Tax Planning
Business Structure and Entity Choice: Keys to a Complex Decision
Is your business structured to maximize cash flow, minimize taxes, and adapt to change? Given the shifting landscape of tax laws, economic forces, and strategic priorities, this question carries more weight for private company owners than ever before. By aligning ownership goals with business needs, owners can uncover opportunities to enhance flexibility, fuel growth, and safeguard the company’s long-term success.
Protect Yourself From Tax-Related Identify Theft With An IP PIN
Tax-related identity theft is on the rise, but you can proactively protect yourself this tax season by securing an Identity Protection PIN (IP PIN) from the IRS. This unique six-digit code acts as a shield for your Social Security number, ensuring your tax return is filed safely and securely. With an easy online setup, an IP PIN provides peace of mind and adds a vital layer of defense to safeguard your financial information.
The adoption of artificial intelligence is transforming the middle market, with 78% of midsize companies now leveraging AI and 77% embracing generative AI tools, according to the RSM Middle Market AI Survey 2024. While AI offers game-changing opportunities for efficiency, insight, and customer service, businesses face challenges such as data quality, scaling projects, and aligning AI strategies with organizational goals. By fostering strong leadership, cross-functional collaboration, and robust governance, companies can unlock AI's potential to drive innovation and growth.
