Financial Reporting Insights
A recent Accounting Standards Update addresses the effective date of ASC 842 for certain public business entities.
A recent Accounting Standards Update addresses the effective date of ASC 842 for certain public business entities.
The Financial Accounting Standards Board recently added Staff Accounting Bulletin 119 to its Accounting Standards Codification.
Learn the building blocks of an integrated digital ecosystem that can limit risk and better enable growth without increasing cost.
A recently issued GASB Statement includes guidance addressing various accounting and financial reporting issues.
Our comparisons provide an overview of the significant differences between U.S. GAAP and IFRS on a variety of topics.
Get yourself up to speed on the latest trends in private equity and M&A with the 2019 annual Technology Industry Spotlight.
Get yourself up to speed on the latest trends in private equity and M&A with the 2019 annual HC and LS Industry Spotlight.
Get yourself up to speed on the latest trends in private equity and mergers and acquisitions with the 2019 annual CP Industry Spotlight.
In early September, Mexico released a proposed tax reform package with significant changes in the country’s international tax regime.
RSM’s health care professionals provide insights on how organizations can address price transparency needs and solutions.
Maintaining lease accounting standards shouldn’t be time consuming. Join our webinar on Feb. 18 to learn more.
Our audit quality report is intended to provide a window into how RSM US LLP promotes and monitors audit quality.
Join leaders from RSM’s asset management practice for an overview of the pressing accounting and tax issues you need to know about now.
Get yourself up to speed on the latest trends in private equity and mergers and acquisitions with the 2019 annual IP Industry Spotlight.
The FASB has issued a proposed ASU regarding the accounting by not-for-profit entities for contributed nonfinancial assets.
Publicly traded companies located in Illinois may be subject to new demographic reporting requirements by Jan. 1, 2021.
Recent reversal of long-standing exemption for medical billing services scheduled to be effective April 1, 2020.
If adopted, the accredited investor definition will be a test family office investors will need to pass before investing in private markets.
Recently issued SSARS 25 addresses materiality in a review of financial statements and adverse conclusions, among other matters.
Massachusetts rejects change in domicile after Florida home purchase, driver’s license change and new voter registration.
Department issued compliance alert explains the sales and use tax collection responsibilities for marketplace facilitators and sellers.
Microsoft Dynamics GP users will learn more about available cloud solutions and which one makes the most sense for your business.
What is the US energy industry doing to make electricity "smarter" in 2020 and beyond? Find out the most important considerations.
The White House has proposed to consolidate the functions and responsibilities of the PCAOB into the SEC beginning in 2022.
A webcast covering new and noteworthy developments in IRS practice and procedures that you should be aware of in case of exam.
U.S. equities were flat as concerns grew about the impact of the coronavirus on global economies, which increased volatility last month.
Join RSM to obtain insights on the trending risk topics for 2020 and how they may affect your business and industry.
How are emerging technologies like robotic process automation, artificial intelligence, virtual care and more transforming health care?
Last year’s service-based and advanced computing business surcharges receive significant makeover after public concern.
This webcast will offer an executive briefing addressing key financial, regulatory and governance issues for 2020.
The ACA’s shared responsibility penalty on individuals without health insurance no longer applies after 2018, but state penalties may apply.
Risk assets were off to a strong start in 2020, but that abruptly reversed the last week of January. Read more.
Online software products allowing remote access to a host computer as well as screen sharing capabilities were taxable.
Our updated white paper will further assist financial institutions in applying the new revenue recognition model.
The Center for Audit Quality International Practices Task Force has updated its framework for compiling inflation data.
Our updated white paper will assist entities in the insurance industry in applying the new revenue recognition model.
We have updated our white paper that answers questions related to the application of the public business entity definition.
The FASB recently issued an Accounting Standards Update that clarifies certain interactions between ASC 321, ASC 323 and ASC 815.
The SEC recently proposed amendments to certain Regulation S-K disclosure requirements, including those related to MD&A.
Our updated white paper will assist business and professional services entities in applying the new revenue recognition model.
Discusses recent case that Mail box rule applies to statute of limitation when late filed return is also a claim for refund.
An in-depth conversation about how private equity firms can protect and add value via data security. Watch and learn.
In order for implementations to be successful, the solution needs to be aligned with the culture, people, and processes of the organization.
What are the top trends for restaurant businesses in 2020? From labor challenges to technology opportunities, here’s what’s happening.
Recent regulatory violations and concerns should lead financial institutions to be proactive in reviewing flood insurance policies.
Risk Consulting Director Cameron Jones provides personal reflection and repertoire from the trenches of 24+ years of financial crime work.
In the wake of a tech giant’s violations, the importance and impact of a sanctions screening program for nonbanks should be overlooked
Redesigned forms and instructions require partnerships to reconsider tax basis capital and section 704(c) compliance processes.
A recent FASB publication integrates previously issued FASB staff, TRG and PCC revenue recognition memos into a Q&A format.
Join leaders from RSM’s banking practice for an overview of findings from our recent digital transformation survey.
Our updated white paper will assist entities in the life sciences industry in applying the new revenue recognition model.
All companies will likely suffer an information security incident; learn how to limit damage to systems and data with a quick response.
Fund management companies face difficult challenges in determining their state income tax filing obligations and apportionment rules.
Many data security situations signal a need for cyberthreat intelligence to help you understand vulnerabilities and protect your business.
Economic markets’ reaction to the coronavirus have been severe, resulting in a significant safe-haven move into U.S. government securities.
We explore the economic outlook for 2020 in the United States and abroad as well as the issues and challenges companies should consider.
How are middle market retailers prioritizing digital strategy and investments? We share results and insights from our recent survey.
We explore 2020’s economic outlook, USMCA opportunities, female workforce majority, farm lenders as advisers and retail digital trends.
New rules took effect under section 199A of the tax code for operators of a service business that file as an individual.
The IRS released the electronic Form 1023 and guidance for mandatory use of the online application, effective February 1, 2020
Six weeks after enacting significant tax changes, the Utah legislature and governor repealed the entire tax reform package.
The IASB has issued narrow-scope amendments to clarify how to classify debt and other liabilities as current or non-current.
Listed Transaction Penalty and Trust Fund Recovery Penalty (TFRP) require Supervisor Approval under I.R.C. Section 6751(b)
Audit readiness shouldn’t be an afterthought of an acquisition. Being well prepared minimizes financial risks to your private equity firm.
IRS has issued final regulations narrowing nonrecognition treatment for certain transfers of property to partnerships with foreign partners.
Recruiting and retaining your best and brightest people has never been more critical to your business’s success than it is now.
We have updated our publications to reflect the FASB’s recent changes to the effective date of ASC 842, Leases.
Our updated white paper includes discussion of the new credit losses accounting guidance for loans measured at amortized cost.
A checklist to assist nonlenders with their transition to ASC 326, which includes the current expected credit losses model (CECL).
GASB 87 is effective for reporting periods beginning after Dec. 15, 2019. Learn how your organization can implement this standard.
Ruling expresses IRS’ views in areas where regulations are silent; reinforces the need for transaction cost analysis.
This article discusses state, county, and local-level credits and incentives a company should consider in evaluating investment into the US.
From the emergence of private labels to leveraging transformative technologies, what are the top business trends for retailers?
A large steelmaking company throughout North American looked to RSM as an advisor and partner with their implementation.
What are 2020’s top trends for food and beverage? From promoting sustainability to meeting consumer demands, here’s what’s happening.
An overview of the lessor guidance in ASC 842 that most affects financial institutions that provide lease financing to their customers.
Instructions for claiming a refund or credit, or adjust Form 990-T for qualified transportation fringe of unrelated business income tax.
Trends and changes you need to be aware of in the SOX 404 landscape. Get ahead of the shifting expectations for 2020.
The accelerating pace of change in the industry leaves executives with little choice but to adapt in order to remain competitive.
Corporate income tax regulations provide procedures for pass-through entities to elect to be taxed as C corporations.
For audit committees, when considering blockchain technology, it's important to develop a strategy with executive leadership.
A strong enterprise resource planning (ERP) system is at the core of all effective organizations. Here are seven tips for success.
Recently RSM and NACD held a board round table with Chief Economist Joe Brusuelas to discuss the effects of tax and trade policies.
Employers that do not provide Affordable Care Act-compliant health coverage are in danger of being assessed IRS penalties.
Policy uncertainty and the low interest rate environment provide headwinds for the financial services industry in 2020.
Holders of IRAs may need to withhold 10% federal tax and file Form 1099-R when escheating certain IRA distributions.
Investors are now asking what, if anything, will derail markets from moving higher. Will a reversal in 2020 mean we’re back to the races?
The shift toward highly customized products and services will serve as a growth catalyst for the life sciences industry.
The IRS is willing to consider relief from double taxation resulting from the application of section 965 in limited circumstances.
Get data-driven economic insights and sector outlooks provided by RSM senior analysts on a variety of middle market industries.
Artificial intelligence, machine learning and the cloud remain hot areas, with several potential opportunities for middle market companies.
In this issue, we discuss the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) potential effect on plan sponsors.
Manufacturers face critical investment considerations and more in 2020 amid an industry slowdown and trade uncertainty.
In the health care industry, the digitization of health leads to new and augmented services for the industry in 2020.
Favorable classification available for retailers selling private label products and consumer products companies using contract manufacturing
From tightening labor challenges to leveraging emerging technologies, consumer products businesses have much to address this year.
From demographic shifts to the changing face of the American office, the real estate industry will have much to address in 2020.
Three states have prescriptions for opioid taxes on manufacturers and distributors. Here’s what you need to know.
Robotic process automation can be used within the revenue cycle strategy to increase work flow and improve efficiencies.
Get a head start on your 2020 SOX compliance plan by joining RSM’s national leader for process risk and controls.
Citrix recently announced a vulnerability that could lead to remote code execution. Learn more about how you can protect your systems.
In a standard cost system, often you will find three cost variance accounts: material, labor and overhead (burden).
In the event of an economic slowdown, how should taxpayers consider adjusting their pursuit of credits and incentives?
As we work with community size financial institutions across the country, we have heard a few myths we would like to “bust” for you.
The IRS describes the procedures required to make a one-time claim for all 2018 and 2019 biodiesel and alternative fuels tax credits.
LeaseQuery and RSM will work with commercial and government organizations to facilitate lease accounting compliance.
Individuals and their advisors need to be familiar with the various IRA tips and traps to avoid negative consequences.
When employing family members, it’s best to follow set hiring policies to help ensure success. Learn how to avoid generational failure.
Each quarter, RSM's accounting thought leaders update middle market businesses on recently issued and proposed accounting guidance.
The medical device excise tax, the health insurance tax and Cadillac tax have all been repealed by recent legislation.
The National Association of State Boards of Accountancy and AICPA recently proposed a new CPA licensure model.
A recent AICPA practice aid provides nonauthoritative guidance on how to account for digital assets and related transactions.
Firms are under tremendous pressure to gain and maintain competitiveness amid new and evolving trends in 2020.
New Jersey becomes the sixth state to adopt an entity-level tax establishing a workaround to the federal SALT deduction limitation.
Our recently updated publication provides in-depth analysis of the provisions of FASB ASU 2016-13 and ASU 2016-01.
Compliance with ASC 842 includes evaluation of the tax implications that may affect businesses during the implementation.
Learn about the tax opportunities and challenges facing private equity and hedge fund owners which should be revisited in 2020.
The SEC recently proposed amendments to update certain aspects of its auditor independence framework in Rule 2-01.
Rather than just adding technology, evaluating and optimizing current investments can help develop an effective digital transformation plan.
Equities values broadly outperformed growth during the month of December, led by technology, energy, utilities and healthcare.
It should be easy to know where you live, but for state personal income tax purposes, the question becomes “where are you domiciled?”
Transition rules for proposed built-in gain regulations helpful, but do they signal impending finalization of anti-taxpayer rules?
When seeking to upgrade ERP systems, a fit gap analysis is often a good first step for organizations to conduct.
RSM’s tax leaders bring insight on upcoming policy shifts for the Tax Cuts and Jobs Act in a short audio cast.
Recent U.S. Tax Court cases shed light on the requirement that the IRS must obtain written supervisory approval of certain penalties.
Transforming retail accounting processes in an era of unprecedented industry change. Leveraging BlackLine for automation.
Many companies miscalculate the available accelerated depreciation on qualified leasehold improvements. Is your company one of them?
There are five key actions to take now to prepare to file information returns in January to ensure compliance with FATCA.
RSM's virtual summit on transformative tax issues facing the middle market is available as an on-demand webcast.
Join RSM as we review and demonstrate some of the top updates to Power BI Desktop and Power BI Service from the last year.
Join us for a webcast to learn about IRS trends and changes in U.S. tax information reporting and withholding requirements.
RSM implemented the ERP system and managed the integration of the finance and accounting outsourcing technology stack.
From artificial intelligence to 5G and streaming services, what does the future hold for technology, media and telecom companies?
The due date for providing 2019 Forms 1095-B and 1095-C to individuals has been extended by the IRS from Jan. 31, 2020 to March 2, 2020.
Taxpayers with filing deadlines should carefully consult state taxing authority rules and regulations on timing filings.
Certain financial reporting issues were discussed during a recent SEC Regulations Committee meeting with SEC staff members.
Financial Accounting Standards Board releases accounting standards update 2019-12 (ASU 2019-12) relating to simplifying ASC 740.
Illicit Cash Act, Sanctions and Artificial Intelligence are among RSM's key takeaways from the ABA financial Crimes conference.
Equipment-as-a-service could aid manufacturers looking to support ongoing, new or experimental projects, while keeping a lid on costs.
The global economy has decelerated over the past two years as an uncertainty tax continues to damp overall economic activity.
U.S. consumer spending has been the most consistent contributor to U.S. economic growth in the recent quarters. We explore further.
Learn how your company can bridge the gap between an individual projects approach and a comprehensive strategy.
The Ninth Circuit has confirmed a Tax Court decision that denied S corp shareholders basis for loans held by a related S corporation.
We explore consumers’ impact on the economy, global growth, manufacturing’s equipment-as-a-service concept and middle market sentiment.
Massachusetts Department of Revenue issues final guidance on application of section 163(j) Interest Expense Limitation.
The IRS finalized rules for withholding and reporting U.S. source payments to foreign individuals and financial institutions.
The rising use of innovative technology and the uncertainty created by trade policies are among the trends worth watching this year.
A white paper about how entities in the life sciences industry may be affected by the new revenue recognition guidance in ASC 606.
The IRS issued a notice of proposed rulemaking to provide guidance on procedures for recovery of a misdirected direct deposit refund.
The ruling allows taxpayers to amend a return to increase their ITC because of an increase in the basis of self-constructed property.
The IAASB recently issued a revised standard, ISA 315, for identifying and assessing risks of material misstatement.
The Texas Comptroller adopted a $500,000 economic nexus threshold for the state's franchise tax effective in 2020.
The ASB recently issued Statement on Standards for Attestation Engagements 19, Agreed-Upon Procedures Engagements.
Recent AICPA guidance addresses evaluation of the realizability of deferred tax assets related to disallowed interest deductions.
The IASB recently issued an Exposure Draft to improve how information is communicated in the financial statements.
A recent FASB Accounting Standards Update simplifies certain aspects of the accounting for income taxes under ASC 740.
The SEC has proposed amendments to the definitions of “accredited investor” and “qualified institutional buyer.”
The comment letter explains that certain S corporations that experienced an ownership change should also qualify under these rules.
Both incentive programs were scheduled to sunset in 2019; receive a one-year extension under federal tax bill.
House bill, if enacted, would increase SALT deduction cap in 2019 for certain taxpayers and repeal SALT deduction cap for 2020 and 2021
The SECURE Act makes changes affecting retirement benefits in qualified plans and in IRAs for both the employers and individuals.
The Act’s significant implications for individuals’ retirement and estate planning suggests that they consult with their advisors…now
The final Qualified Opportunity Zone regulations include several taxpayer favorable improvements over the proposed regulations.
Congress has repealed the Affordable Care Act’s Cadillac tax on employer health plans prior to its effective date in 2022.
Taxpayers received a pre-holiday surprise when Congress ended stalemate to agree to extend many popular tax incentives.
New legislation includes repeal of the parking tax on exempt organizations and streamlines the excise tax rate on net investment income.
DAC 6 will introduce five different “hallmark” categories that represent an indication that a transaction may have a risk of tax avoidance.
Middle market business sentiment remained stout in the fourth quarter. Conditions are ripe for growth in 2020.
Our Kansas City office collaborates each year with Big Brothers Big Sisters of Greater Kansas City for Birdies Fore Love.
The IRS has released the final version of Form W-4 reflecting changes to employee withholding from the Tax Cuts and Jobs Act.
The IRS released proposed regulations which supplant and largely following previous guidance in Notice 2018-68 with important distinctions.
Birdies Fore Love impacts charities across the U.S. and Canada. Read about how the program helps Camp Oochigeas in Toronto.
Learn more about the current expected credit loss standard, the London Interbank Offered Rate transition and tax reform.
New tax laws and industry trends create planning opportunities for fund owners and management firms in the year ahead.
Companies investing in the U.S. must consider how the new regime of state and local sales and use tax nexus may affect their organization.
The Internal Revenue Service recently announced planned implementation dates for mandatory e-filing by tax-exempt organizations.
The American automotive industry is experiencing a profound a period of change and auto suppliers need to act survive.
Our article discusses the allocation of goodwill and related intangible assets to foreign subsidiaries in a business combination.
We have issued an updated version of our white paper to further assist entities in the technology industry in applying ASC 606.
Certain perishable meat manufactures, processors, and sellers may be eligible for a reduced business and occupation tax rate.
A white paper about how entities in the technology industry may be affected by the new revenue guidance in ASC 606.
In the rush to take advantage of the qualified opportunity zones program, taxpayers may overlook the benefits of state and local tax credits
Some hedge fund managers are making the move to restructure their wealth as a family office; however, there are key areas to consider.
The Michigan Department of Treasury issued a letter ruling detailing the sales tax treatment of various information services.
Businesses that fails to develop and continually evolve data strategy will ultimately suffer a profound truth.
An update on the tax and accounting developments, macroeconomic outlook, trends and policies affecting the real estate industry.
Concerns have been raised that replacing Libor with an alternative reference rate may trigger a number of challenges.
With the NCAA opening the door to name, image and likeness compensation, there are several key considerations for schools and athletes.
The NCUA has delayed the effective date of the risk-based capital rules from January 1, 2020 to January 1, 2022.
IRS guidance establishes amendment deadline for 401(k) and other retirement plans to comply with new hardship distribution rules.
Stress in the British financial markets drops as voters hand the Prime Minister a clear victory, signaling an end to Brexit gridlock.
The CECL model requires companies to consider future and current economic conditions when determining their allowance for bad debts.
As engineering firms increase in scale, they need to consider the balance between pursuit of growth and changes in their risk profile.
Attend our 3-part year-end webcast series for important changes you need to consider for Microsoft Dynamics® GP at year-end.
Missed the webcast on IPO readiness and transitioning to the public market? Check out this recorded webcast.
Delay in required reporting of tax basis capital may be less beneficial than it appears; many will still need to compute for 2019.
Notwithstanding unfavorable changes to the Code, capital gain treatment is still available on the sale of patents in certain scenarios.
Barbara Adler, a tax manager out of our Dallas office, is one of RSM’s 2019 Pursue Your Passion winners. Read about her experience!
The Governmental Accounting Standards Board (GASB) proposed guidance to clarify, explain or elaborate on recent GASB Statements.
Ready to automate your organization? RSM's free interactive robotic process automation fit assessment can help you decide where to start.
RSM’s annual NetSuite year-end webcast on Dec. 10 will focus on year-end procedures and include a Q&A session.
Data is a critical asset for oil and gas companies. Timely data access allows companies to be efficient, mitigate risk and be profitable.
IRS issues guidance on voluntary employees’ beneficiary associations (VEBAs) and supplemental unemployment benefit trusts (SUBs).
The IRS finalized Forms 8985 and 8986, a mechanism for partnerships to push-out partnership audit and AAR adjustments to their partners.
The FTB ruled that limited partnerships disregarded for federal income tax purposes are not subject to minimum tax or filing requirements.
Failing to uncover significant operating and financial performance drivers can put a deal and the investors at risk and it’s not necessary.
Final regulations on new sales and use tax registration and collection requirements address remote retailers and marketplace facilitators.
The Final QOZ Regulations have been submitted to the Office of Management and Budget for final review and publication is expected soon.
United States equities reached new highs in November and continued to gain on a mix of supportive monetary policy.
DAC 6 reporting by intermediaries implementing or advising on certain cross-border arrangements in EU member states starts July 2020.
Newly released foreign tax credit regulations address tax reform changes, clarify existing rules and provide new elections and safe harbors.
As the end of the current business cycle approaches, real estate investors face increasing risks. Here are year-end resolutions for 2019.
Are middle market businesses using environmental, social and governance methods to measure responsible business practices?
How can middle market manufacturers thrive amid an economic slowdown? Get key planning ideas to address this challenge.
We explore the 2020 economic outlook, industrial production, thriving through a slowdown, and measuring responsible business practices.
Please join us for our annual Microsoft Dynamics SL year-end closing webcast presented by our Dynamics SL support manager, Randy Andrews.
Learn how boards can best understand blockchain, how to utilize in their organizations, and what types of efficiencies it can provide.
When an existing client of RSM's technology consulting group faced implementing ASC 842, RSM was well-positioned to offer assistance.
Blockchain is changing the rules of the game. Companies and their boards need to learn those rules and make them work to their advantage.
Alissa Hatch was one of RSM’s Pursue Your Passion winners for 2019. Read about her experience here!
The online credentials for some Disney+ users were recently compromised. Learn why this happened and what companies can do about it.
From funding to financing, venture capital activity through the third quarter of 2019 has been record breaking.
The right managed services partner can help banks and credit unions struggling to hire and retain skilled technical talent
SAB No. 119 includes SEC staff interpretations regarding policies and procedures for developing CECL models and related matters.
The Financial Accounting Standards Board recently proposed changes to clarify, and make minor improvements to, the Codification.
ASU 2019-11 addresses issues raised by stakeholders during the implementation of the current expected credit losses standard.
Despite deferment of the new leasing standard, organizations should keep moving along with their lease implementation activities.
How your financial service organization should prepare for changes to the Bank Secrecy Act/anti-money laundering (BSA/AML) framework.
Understand revisions to the Office of the Comptroller of the Currency’s operating plan to get ahead of next year’s examinations.
With the legalization of hemp products and growth of private ATMs, companies and their partners need to be aware of regulatory risk.
From contract research organizations to initial public offerings, life sciences finance leaders discuss issues in the bioscience businesses.
IRS confirms that gifts between 2018 and 2025 will be covered by the exemption then in place and not in the year of death.
Ruling explores the difference between a capital contribution and a deductible payment on behalf of a corporate subsidiary.
A change advisory board (CAB) should be a critical component in helping your organization manage IT resources and risk.
After years of litigation, a state appellate court again declared Pennsylvania’s flat dollar cap for net loss carryover unconstitutional.
Manager Chris traveled from Baltimore to Sea Island to attend The RSM Classic as our 2019 national Birdies Fore Love co-chair.
Should board members speak directly to investors on behalf of the company, at investor meetings, or not at all?
Retailers should assess gift card procedures including an annual review of reporting, sales tax, unclaimed property and more.
Increasingly, benefit plans are being targeted by hackers. But companies can take steps to protect themselves and their participants.
A recent publication by the CAQ and Audit Analytics gauges how audit committees approach communication of oversight activities.
The Financial Accounting Standards Board has proposed clarifications to certain sections of its 2017 hedge accounting standard.
Ohio backtracks on eliminating business income deduction for certain taxpayers after concerns over enforcement and application surface.
An update on pressing tax issues that individuals and family businesses should consider before Dec. 31 as well as in the year ahead.
Audit Associate and Boston Birdies Fore Love Leader Renee shares her Sea Island experience attending The RSM Classic.
A recent OCIE Risk Alert discusses top compliance topics observed in examinations of registered investment companies.
Final regulations affect whether a controlled foreign corporation is a related person under attribution rules.
The Society of Actuaries has released an updated mortality improvement scale, Scale MP-2019, for use by plan sponsors.
RSM senior industry analyst Adam Lohr shares the latest on deals, going public and more in the biotech, pharma and medical devices sectors.
Join RSM for our annual tax update webcast as we review the current tax landscape for exempt organizations as well as look ahead to 2020.
Join RSM to learn about regulatory changes on the horizon that could impact insurance company risk analysis and investment decisions.
What companies should be doing to prepare for 2020 with accounting, leasing and tax changes and preparing for a potential work slow down.
Boost organizational productivity, maximize system ROI with proper planning, testing, optimization and ongoing support.
What’s the secret to successful supply chain outsourcing in your life sciences business? Learn how technology can make the difference.
Tax Manager Jason Miller shares an account of his time at this year’s RSM Classic as our Detroit office's Birdies Fore Love leader.
A message from Team RSM member and the host of The RSM Classic, Davis Love III –Welcome to Sea Island and The RSM Classic!
U.S. equities gained on strong employment and corporate earnings in October, suggesting that the U.S. economy is holding steady.
Comments address concerns and recommendations regarding proposed regulations addressing section 382 built-in gains and losses.
ASU 2019-08 provides guidance regarding the measurement and balance sheet classification of share-based payments to a customer.
Identifying the service arrangement population and review of identified service arrangements were key in this ASC 842 compliance process.
Guidance allows transparency for investors and financial statement users to assess the timing, amount, and cash flow from leases.
The IRS has published final section 6050Y regulations requiring reporting of sales and acquisitions of certain life insurance contracts.
Favorable rule for corporate stock acquisitions where life insurance contracts are less than 50 percent of the target corporation’s assets.
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.
It’s National Philanthropy Day, and we’re gearing up for one of our biggest philanthropic events of the year: The RSM Classic.
A panel of private equity deal experts address Q3 deal activity and share thoughts on investment opportunities in financial services.
The IRS released Revenue Procedure 2019-44 listing the inflation adjustments for individual, trust and estates.
Join RSM for our 2019 CRM webcast series. Each webcast will feature insights and updates that you can put to use in your daily activities.
How is disruption in the health care industry impacting patients? RSM experts discuss this important trend. Listen and learn.
As PE firms are increasingly investing in healthcare businesses, what are the economics of such deals on doctors? Listen and learn.
Blockchain technology is still in its nascent stages but it holds tremendous opportunities, particularly for the way companies are audited.
RSM partners with Visual Lease to provide clients with a solution to efficiently comply with new accounting standards.
New IRS enforcement campaign targeting the section 965 transition tax compliance indicates a likely increase in section 965 audit activity.
Business tax year-end webcast: Update on federal, international and pass-through tax considerations for year-end planning
The IRS announced that syndicated conservation easements are a priority compliance area and it will increase enforcement efforts.
New law for sourcing sales of services and intangibles effective with tax years beginning on or after Jan. 1, 2020.
Initiatives that yield the best return to the enterprise go beyond reducing costs or enhancing margins - focus on enterprise flow.
North Carolina joins more than 30 states adopting a marketplace facilitator nexus provision effective Feb. 1, 2020.
RSM is a sponsor of the NetDiligence® 2019 Cyber Claims Study, which provides greater insight to data breaches and associated damages.
With cybersecurity posing threats to businesses, boards must work with management to gain insight into risks and appropriate protections.
A message from Team RSM Member, Zach Johnson, resident of Sea Island, GA, home of The RSM Classic, a PGA TOUR event.
The IRS issues proposed regulations to update the life expectancy tables to reflect current, longer life expectancy rates.
Revenue Procedure 2019-43 supersedes Rev. Proc. 2018-31, providing procedures to change accounting methods with automatic consent.
The U.S. Senate approved treaty protocols that will affect the taxation of pension plans between certain contracting states.
More retail disruptors are ahead this holiday season. Learn what they are and what retailers can do to stay ahead of them.
Consumer spending has been strong so far in 2019 but factors such as tariffs and a tight labor market could influence sales outcomes.
RSM's industry insiders break down how store closings will affect this holiday season. Hear the discussion in this brief video.
The federal government will expand health reimbursement arrangement (HRA) with two new options starting in 2020.
Puerto Rico has enacted new legislation to provide additional tax benefits for investing in projects in PR opportunity zones.
How are consumers viewing current economic conditions and how are buying habits and preferences affected? We examined the latest data.
Although not effective until July 2020, DAC 6 reporting obligations retroactively apply to transactions occurring on, or after June 25, 2018
Ensure all of your OFAC framework meets sanctions and compliance expectations. Use these 5 tips to streamline the process.
Protecting customer data has never been more important in the consumer products industry. Learn how to jumpstart your cybersecurity efforts.
The IRS publishes applicable annual limitations and maximums for retirement plans, resulting in small increases for 2020.
RSM asks Shilpa Dulani, director of foreign operations and financial reporting at real estate firm, A&E, about the firm’s use of technology.
How can middle market retailers address shifting consumer confidence? One way is to sharpen discounting and promotional strategies.
We explore the uncertainty tax drag on the economy, Canadian election aftermath and how retailers can address shifting consumer confidence.
Through data insights, we explore the impact of a mounting uncertainty tax on the economy as well as on middle market businesses.
Get yourself up to speed on the latest trends in private equity and mergers and acquisitions with the Q3 2019 Technology Industry Spotlight.
Get yourself up to speed on the latest trends in private equity and mergers and acquisitions with the Q3 2019 HC and LS Industry Spotlight.
Get yourself up to speed on the latest trends in private equity and mergers and acquisitions with the Q3 2019 CP Industry Spotlight.
Understand why a valuation should be performed when management incentive units are issued, modified or when there is a change in ownership.
New guidance from the UK’s Her Majesty’s Revenue and Customs provides more clarity for businesses engaged digital asset businesses.
The IRS released long-awaited guidance outlining how former S corporations should source distributions between S corp and C corp earnings.
Get yourself up to speed on the latest trends in private equity and mergers and acquisitions with the Q3 2019 IP Industry Spotlight.
Our article discusses the impact of the new guidance in ASC 340-40 on costs for construction-type and production-type contracts.
Hawaii’s Department of Health Behavioral Health Administration is focused on better outcomes for the population and supporters.
IRS to retain regulations treating some related party debt as equity, but will propose rules easing one of the regulations’ harshest rules.
Pharmaceutical, biotech and medical device company finance leaders discuss ASC 842 lease accounting adoption complexities and challenges.
A message from 2013 RSM Classic Winner and Team RSM Member, Chris Kirk, and a former resident of Sea Island, GA.
Our Effective Date Reminder lists pronouncements issued as of Nov. 1, 2019, which became effective on or after Jan. 1, 2019.
Qualified small employer health reimbursement arrangements allow small employers to pay employee medical expenses on a tax-free basis.
Middle market organizations are increasingly viewing IT as the vehicle to gain operational efficiencies and identify business opportunities.
Financial institutions have invested a significant amount of time and resources into developing their cybersecurity resiliency.
Overcoming labor challenges while addressing emerging risks such as cybersecurity for midsized financial institutions.
The CMS now reimburses skilled nursing facilities using the PDPM. Providers should monitor documentation for nursing and other services.
The cloud and cloud security are two different things. Middle market companies must understand how to effectively secure data in the cloud.
Data is the new battleground for tax authorities. Businesses should take steps to assure the quality and integrity of their data.
Join RSM for this webcast on Oct. 31 to understand the cyberthreat landscape and the impact on the public sector.
All companies seeking QI, WP, or WT status for 2019 must apply by Nov. 15, 2019 to have an agreement in effect.
The opportunity zone program has opened the door for real estate funds to invest in impact investment and passion projects
The IRS has published a long-awaited practice unit as guidance for examinations of electronic books and records under section 1441.
Microsoft tools including Azure, Power BI, SharePoint and Microsoft Teams can help you gain access to data and create reports faster.
The IRS Tax Exempt and Government Entities division released the Fiscal Year 2020 Program Letter on Oct. 17, 2019.
RSM provides solutions to ensure that your business processes and technology return to full functionality following a disaster.
It is important for investors to focus on long-term strategic asset allocation in the face of short-term economic headwinds.
This updated version of our white paper will further assist franchisors in applying the new revenue recognition model in ASC 606.
Impact of U.S.-China trade war weighs heavily on decision makers at midsize companies, according to RSM US Middle Market Business survey.
Due to recent scandals in college athletics, colleges and universities face new risks that require scrutiny of their compliance programs.
Franchisors are in for major changes in the way they recognize revenues. Learn more about the new standards and how to address them.
Managers consider qualitative factors when purchasing a software license, but there are accounting issues that should be considered as well.
IRS denied a formal refund claim as untimely, but taxpayer obtained relief through the informal claim doctrine.
RSM provided Nickerson with a comprehensive Power BI solution for more business insight and analysis to guide company decision-making.
Learn how to implement a physical security program or assess and improve your existing one when you attend this webcast.
Joint LB&I and SB/SE directive allows taxpayers to claim work opportunity tax credit in the year delayed state certifications received.
The Massachusetts Department of Revenue establishes a $500,000 threshold for state corporate excise tax nexus.
Join us for a discussion of 2019 state tax legislative developments and their implications on middle market businesses.
Understand the critical legislative updates and changes from 2019 affecting state and local tax planning and compliance.
Hesitating to invest in tech means getting left behind. Companies must invest to ensure long-term viability in the competitive marketplace.
Guidance would facilitate transitions of existing debt and derivatives to alternative benchmark rates without creating taxable exchanges.
Get insights into new investment areas within health care and guidance on the challenges to focus on before, during and after a transaction.
Information about the LIBOR phase out, identification of replacement rates and resultant operational and accounting considerations.
How reducing client cyber-risks can strengthen bank operations. Financial institutions have an uphill climb when it comes to cybersecurity.
RSM US LLP was recently ranked No. 9 on Consulting magazine’s 2019 Best Firms to Work for List. See what makes RSM unique.
What can life sciences businesses do to ensure data protection, especially with their third parties? Get key cybersecurity considerations.
Many companies hesitate with new technology, but a low-cost and low-risk proof of concept can provide an understanding of common solutions.
Target company’s deduction claim denied because investment banking firm did not provide services to Target or for Target’s benefit.
There are numerous ways that an S corporation can compromise its status. Being careless with election forms is just one example.
Many contractors are not adequately preparing for yet another accounting change coming their way, known as ASC 842.
Fiduciary standard of care and understanding the key differences between 3(21) and 3(38) co-fiduciary advisory services.
Expanding CFO responsibilities for digital transformation provide potential avenues to guide business, making the CFO a stronger leader.
The U.S. Treasury Dept. and the IRS released the 2019-2020 priority guidance plan, including items related to exempt organizations.
Celeste McGahan is one of RSM’s 2019 Pursue Your Passion winners. Read about her experience!
RSM will provide an update on recently issued and proposed accounting guidance and the implications and effects of the guidance.
As of Jan. 1, 2019, foreign non-resident taxpayers conducting business in Quebec are required to register for the Quebec Sales Tax.
A red icon with an outstretched hand will be added to facilities on the Nursing Home Compare website for instances of abuse. Learn more.
Investors are starting to make noise around opportunity zone businesses that offer many of the same tax savings as real estate.
A business guide to tax considerations for 2019 to help make informed decisions after the Tax Cuts and Jobs Act.
Market-based sourcing effective for periods ending on or after Dec. 31, 2021, for the Business Enterprise Tax and the Business Profits Tax.
From big data to AI, a wave of emerging technological innovations is reimagining operations throughout the real estate industry.
Each Pursue Your Passion winner is awarded with $10k and 9 days of PTO to help them pursue their passions. Read about Lucrecia's experience!
Minnesota tax-exempt organizations may find some relief knowing that the state does not conform with two major federal changes.
U.S. equities gained suggesting that the economy is holding steady amid concerns of global slowdown and faltering manufacturing activity.
The IRS has finalized rules for bottom-dollar guarantees under the disguised sale rules and for partnership liability allocations generally.
Learn five ways to address and improve your technology, media and telecommunication company’s cybersecurity efforts.
We examine business sentiment data to understand what’s on the minds of executives related to ongoing trade tensions.