Sarah Russell

Sarah Russell

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As the leader of the firm's tax group, Sarah supports growth-driven domestic and international businesses with tax planning, consulting and compliance.

What is your area of focus?

As a point person for tax strategies at Clayton & McKervey, I help owners and executive teams with R&D tax credits and international tax consulting and compliance. I look for big-picture solutions to advise clients on global operational structuring, foreign tax credit utilization, tax treaty analysis and more. I work with both domestic companies expanding internationally, and foreign-owned companies. I value the opportunity to collaborate with both accountants and tax specialists globally on behalf of our clients.

How long have you been at Clayton & McKervey?

Since 2000

What is the favorite part about your job?

I enjoy working with business owners to reduce their worldwide tax liabilities.

Specializations

  • Tax planning and preparation
  • Tax legislation changes and impacts
  • R&D tax credits
  • International tax consulting and compliance
  • Foreign tax credit utilization
  • Mergers, acquisitions and reorganizations
  • Tax treaty analysis

Education

  • Master of Business Administration, Wayne State University
  • Bachelor of Science in Accounting, University of Michigan – Dearborn

Connections

  • Control Systems Integrators Association, Partner Committee
  • Michigan Manufacturers Association, Tax Committee
  • Association for Advancing Automation
  • Automation Alley
  • PrimeGlobal
  • Crohn’s & Colitis Foundation of America, Board of Directors

Sarah 360°

If you could learn anything, what would it be?
Play the piano

Who do you admire most in life?
My grandparents

What’s your perfect day?
Hiking and camping, cooking over the fire and enjoying an ice cold beer to end the evening

Articles by Sarah Russell

Tax & Assurance Guidance

Insights from Washington: Reconciliation Package on the Horizon?

Posted on July 28, 2022 by

Sarah Russell
It’s been a while since we’ve reported news from Washington as things have been a little slow on the tax front. All that changed this week when it was announced Senator Joe Manchin had reached an agreement with Senate Majority Leader Chuck Schumer on tax, climate change, energy and healthcare provisions to be included in the Inflation Reduction Act of 2022. 

International Businesses

Russian Sanctions Complicate Banking Around the Globe

Posted on April 12, 2022 by

Sarah Russell
NATO countries have banded together to impose historic sanctions on Russia for their invasion of Ukraine in a display of strength and unity. These sanctions mean that companies currently cannot send payments to Russian banks and trying to get around this can result in significant penalties. While it may seem straightforward, these sanctions have complicated the geopolitical landscape of making international deals that extends beyond the borders of just Ukraine and Russia.  

Tax & Assurance Guidance

Insights from Washington: Build Back Better Act Stalled

Posted on December 21, 2021 by

Sarah Russell
Tax practitioners across the U.S. can enjoy the holiday season and maybe have that extra glass of eggnog this year knowing we will not have a massive legislation to digest before the new year begins! Last weekend Congress conceded that there are not enough votes to pass the massive Build Back Better Act (BBBA).

Tax & Assurance Guidance

IRS Guidance: Retroactive ERC Termination

Posted on December 16, 2021 by

Sarah Russell
The IRS provided much-awaited guidance regarding penalty waivers for taxpayers who qualified for employee retention credits (ERC) and did not remit payroll taxes before the credit was retroactively terminated after September 30.

Tax & Assurance Guidance

12 Build Back Better Changes to Watch

Posted on December 16, 2021 by

Sarah Russell
As the Build Back Better (BBB) legislation makes its way through congressional talks, there are changes in the works that could impact your upcoming tax obligations. The first thing to know is that the Build Back Better act is evolving daily. Despite the uncertainties, it’s likely that some tax increases will be included in the final bill.

Tax & Assurance Guidance

Insights from Washington: Infrastructure Bill

Posted on November 16, 2021 by

Sarah Russell
As expected, President Biden signed the Infrastructure Investment and Jobs Act Monday, November 15. Now that the work on this bill is complete, Congress can get back to President Biden’s second signature piece of legislation, the Build Back Better Act (BBBA).

Tax & Assurance Guidance

Insights from Washington: Finally! Draft Legislation

Posted on November 12, 2021 by

Sarah Russell
The House finally passed the Infrastructure Investment and Jobs Act. In this week's installment of Insights from Washington, we look at a few key tax items in the infrastructure bill regarding the ERC and cryptocurrency.

Tax & Assurance Guidance

Insights from Washington: Draft Legislation Released

Posted on November 2, 2021 by

Sarah Russell
On Thursday, October 28, the House Rules Committee released draft text of the modified Build Back Better Act. In today's edition of 'Insights from Washington', we look at some of the changes to the tax-related provisions included in the bill released in September 2021.

Tax & Assurance Guidance

Insights from Washington: Economic Plan Coming into Focus

Posted on October 26, 2021 by

Sarah Russell
On Thursday, October 21 President Biden acknowledged that he didn’t have sufficient Democratic backing for his proposed increases in the individual, corporate and capital gains tax rates. As we’ve mentioned, the Democratic Caucus needs unanimous support in the Senate to pass legislation but there are two key obstacles in negotiations.

Tax & Assurance Guidance

Insights from Washington: R&D Update

Posted on October 18, 2021 by

Sarah Russell
Negotiations on the budget bill are picking back up as Congress returns from a week-long break. It appears Democrats are uniting around a $2 trillion top-line, but the party remains divided over which pieces of President Biden’s agenda will be included. Progressives in the party want to include the full list while reducing the numbers of years such benefits will be available.

Tax & Assurance Guidance

2021 Year-End Tax Planning Tips

Posted on October 15, 2021 by

Sarah Russell
As 2021 draws to a close, it's important to determine what tax planning strategies make the most sense for you and your business. Here are some key year-end tax planning considerations to keep in mind as we approach year-end.

Tax & Assurance Guidance

2021 Reporting Guidance

Posted on October 14, 2021 by

Sarah Russell
Margaret Amsden
Every year brings a list of information filing requirements necessary to make sure payees have the information needed to file their taxes. To assist with year-end business reporting, here are some items for you to consider.

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Insights & Perspectives

What to Know About the CHIPS Act

On August 9, 2022, President Biden signed the CHIPS and Science Act of 2022 into law, providing more than $52 billion for American semiconductor research, development, and production. The CHIPS Act will provide funding over five years to build, expand or modernize domestic facilities and equipment for semiconductor fabrication, assembly, testing, advanced packing or research and development. 

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