Why excess labor demand is unhealthy
(authored by RSM US LLP) We believe the imbalance in the labor market should prompt companies to reassess their growth potential, and as a result, their demand for labor.
10 steps to reduce the impact of cyberattacks
(authored by RSM US LLP) No organization is immune to suffering a cybersecurity breach. Learn 10 key steps to reduce sophisticated cyberattacks on your business.
The Importance of Choosing a Quality Auditor for Employee Benefit Plans
For years, employee benefit plans (EBPs) have been under a regulatory microscope. In November 2021, the Department of Labor (DOL) will begin to assess the
Topic 842: Lease Accounting Standards: What You Need to Know in 2021
In early 2016, the Financial Accounting Standards Board (FASB), the body that sets accounting principles for U.S. entities, released a new accounting standard on how
Discount rate for lessees that are not PBEs
(authored by RSM US LLP) The FASB tentatively decided to allow lessees that are not PBEs to make the risk-free rate election by class of underlying asset.
Claiming the Employee Retention Tax Credit? Received a PPP Loan? Know Your Accounting!
The Employee Retention Tax Credit (ERTC) and the Paycheck Protection Program (PPP) were created to incentivize businesses to keep workers employed through the worst parts
Strong internal controls can help minimize losses
(authored by RSM US LLP) There are a number of steps construction companies can take to help avoid unintended losses resulting from error or outright fraud.
COVID-19 Impact on Asset Impairment
The coronavirus pandemic infused unprecedented levels of uncertainty into our economy. When the virus became more widely spread in March, businesses closed, workers self-isolated, and
LaPorte Director Named Secretary/Treasurer of Board for CICPAC
LaPorte CPAs & Business Advisors is proud to announce that Christina Chifici, CPA, CCIFP, Director-in-Charge of Audit and Assurance Services, has been elected Secretary/Treasurer to
IRS enhances employee retention credit guidance for open questions
(authored by RSM US LLP) Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.
Withdrawal of SBA loan necessity questionnaire for PPP loans
(authored by RSM US LLP) The SBA has formally notified PPP lenders that it no longer will require submission of loan necessity questionnaires. Learn more.