(authored by RSM US LLP) The U.S. economy is proving far more resilient in the face of sustained pricing pressures than otherwise thought a short time ago.
(authored by RSM US LLP) The FASB recently voted to issue proposals on the determination of an arrangement as a lease and the financial reporting requirements for related party lease arrangements for certain entities.
(authored by RSM US LLP) Congress passed multiple pieces of legislation aimed at providing relief to employers struggling due to the pandemic. A new Treasury Inspector General for Tax Administration (TIGTA) report finds that ongoing IRS processing delays are causing businesses to wait on COVID-related credits claimed on Forms 941-X. The report states that as of Feb. 1, 2022, there were 447,435 Forms 941-X waiting to be processed.
The average commute in the United States is about 27 minutes. This is about one gallon of gas to and one gallon of gas from
In June, the IRS began piloting a new compliance program for benefit plan sponsors. This program gives benefit plans 90-days’ notice of an upcoming examination,
(authored by RSM US LLP) A 100-basis-point increase in the federal funds rate will be on the table during the Federal Open Market Committee meeting next week, but we expect the central bank will hike the policy rate by 75 basis points.
(authored by RSM US LLP) The IRS is piloting a pre-examination compliance program for retirement plans, which provides plan sponsors with 90-day window to review plan operations and make corrections prior to examination.
(authored by RSM US LLP) The Federal Reserve’s changes to short-term interest rates will affect the stock of money, which directly determines the direction of the real economy…