Ideas & Insights

Join RSM on this webcast as we discuss the current hospitality landscape and key considerations for owners and operators.

The AICPA has issued Technical Question and Answers regarding certain COVID-19-related lender accounting issues.

GASB Technical Bulletin 2020-1 provides financial reporting guidance for issues related to the CARES Act and COVID-19.

Temporary regulations provide election filing procedures to implement retention of NOL tax benefits by acquiring consolidated group.

The 2020-21 Trends in Private Clubs report highlights many issues that were inconceivable for clubs prior to the COVID-19 outbreak.

Congress extends PPP timeline for approved applications through Aug. 8, 2020; SBA releases data set of borrower information.

IRS explains taxability of Provider Relief Fund reimbursements made to health care providers pursuant to the CARES Act.

The revised sales tax nexus standards reduce the current $500,000 threshold to $100,000 beginning Oct. 1, 2020.

Applications to sell unused state net operating losses and state research and development credits available the week of May 1, 2020.

The previous June 30 deadline to carryback 2018 NOLs on Form 1139 and Form 1045 has been extended to July 15.

Revised conformity excludes certain net operating loss and excess business loss provisions effective for 2019 tax years.

COVID-19 EBITDA analyses are imperative. A mutual understanding between a buyer and seller of the financial model assumptions is key

The state will decouple from the taxpayer-friendly interest expense and net operating loss provisions of the federal CARES Act.

We have updated our white paper to address the accounting by lenders for loans entered into under the Paycheck Protection Program.

The SEC recently provided a cross-Divisional update regarding its targeted regulatory relief related to the COVID-19 pandemic.

State and local government entities ensure compliance of successful reimbursement of CARES Act, COVID-19 and other grant expenditures.

Due to the COVID-19 pandemic and economic crisis, the IRS will permit employers to adopt midyear amendments to plan contribution formulas.

Expansive tax bill provides taxpayer-friendly changes while balancing reduced tax revenue in the COVID-19 economy.

Fiscal year 2021 budget includes temporary tax changes in order to generate much needed revenue in the COVID-19 economy.

Municipal bonds have a long history of capital preservation in stressful periods and enjoy a number of foundational strengths.