RWM & Company

03/31/2026

S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren’t automatic – they depend on your income level, involvement in the business, and whether you’re ready to manage the added compliance responsibilities. Here’s what you need to know about how S-corps work, who they’re right for, and what’s required to maintain one.

S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes…

03/24/2026

The IRS has introduced a new federal income tax deduction for qualified overtime compensation, effective for tax years 2025 through 2028. Eligible workers can deduct up to $12,500 (or $25,000 on joint returns) of the overtime premium they earn above their regular rate of pay. This deduction reduces is available to FLSA-covered employees who meet specific eligibility requirements, including valid Social Security numbers and certain filing status conditions.

The IRS has introduced a new federal income tax deduction for qualified overtime compensation, effective for tax years 2025 through 2028. Eligible workers can deduct up to $12,500 (or $25,000…

03/17/2026

Spring is a natural checkpoint for payroll tax compliance. Overlooking key considerations can create mistakes that compound through the year and potentially result in penalties, interest, or administrative headaches that can divert your energy from running your business.

Spring is a natural checkpoint for payroll tax compliance. Overlooking key considerations can create mistakes that compound through the year and potentially result in penalties, interest…

03/13/2026

Please join us in wishing Cierra Arndt a Happy 4year Anniversary!

03/10/2026

Remote staff have created a shift for employers that has created a complex web of tax and regulatory obligations. Learn how employees who work in different states than your company’s primary location create nexus and what you as an employer are responsible for doing to stay compliant.

Remote staff have created a shift for employers that has created a complex web of tax and regulatory obligations. Learn how employees who work in different states than your company’s primary location…

03/02/2026

Last time, we shared insights on taxes and tipped income — and there’s an important update worth highlighting.

Recent IRS guidance under the One Big Beautiful Bill outlines a potential federal deduction on tips, offering meaningful tax relief for eligible employees and, in certain cases, employers. As with any development in the U.S. tax and accounting landscape, eligibility, documentation, and accurate reporting will determine how beneficial this provision truly is.

If you earn or manage tipped income, the IRS has provided details at irs.gov/obbb. And as always, having the right advisory support in place can help ensure you navigate these changes strategically, compliantly, and with confidence.

https://www.youtube.com/shorts/T4Irx8UIOfo

https://www.youtube.com/shorts/T4Irx8UIOfo

https://www.youtube.com/shorts/T4Irx8UIOfo

Have you heard of the One, Big, Beautiful Bill? Many Americans can now deduct the tips they receive from their taxes. For more information, see: https://ow....

02/10/2026

Many tipped workers may not realize that recent tax changes could make a meaningful difference for them. Under the new “no tax on tips” provision, nearly 70 occupations may now qualify for a federal deduction.

If you earn tips, the IRS has shared guidance to help determine eligibility: irs.gov/obbb.

Grateful for opportunities like this to help clients better understand the rules and make informed decisions with confidence.

https://www.youtube.com/shorts/4WqqLuDCgPc

https://www.youtube.com/shorts/4WqqLuDCgPc

https://www.youtube.com/shorts/4WqqLuDCgPc

From bartenders to water taxi operators, nearly 70 occupations of tipped workers may now qualify for a deduction under the One, Big, Beautiful Bill’s “no tax...

01/27/2026

Happy 1st anniversary to Allie Yoder!

01/23/2026

We'd like to wish Melissa Lowe a happy 14 year anniversary today!

01/09/2026

Happy 2 year anniversary to Abi Worthy!

01/07/2026

Happy 1 year anniversary to Shannon Zeigler!!