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.
Understanding oil and gas insolvency issues
(authored by RSM US LLP) With insolvency proceedings on the rise, it’s important to understand the critical oil and gas questions to be addressed and evaluated.
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.
President’s clean energy proposals for industrials sector
(authored by RSM US LLP) President Biden’s proposals for prioritizing clean energy affect the industrials sector including manufacturing, automotive, and oil and gas
SBA formally withdraws loan necessity questionnaire
(authored by RSM US LLP) Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.
Businesses Required to Subsidize COBRA Premiums Will Be Reimbursed with Payroll Tax Credits
To help Americans struggling with job loss, the American Rescue Plan Act of 2021 (ARPA) will subsidize the costs of COBRA insurance premiums effective April
RSM Middle Market Business Index: April 2021
(authored by RSM US LLP) Middle market business conditions improved in April as the prospect of rising revenues and net earnings offset cost pressures.
Clean energy infrastructure is a key part of Biden’s jobs plan
(authored by RSM US LLP) Companies in the energy industry and related sectors need to pay close attention to what the bill could potentially mean for them.
FASB staff clarifying comments on new goodwill impairment alternative
(authored by RSM US LLP) The FASB staff recently made clarifying comments related to the new goodwill impairment triggering event alternative.
Democratic Senators introduce modified energy legislation
(authored by RSM US LLP) Twenty-Five Democratic Senators have introduced legislation to overhaul Federal energy provisions in the tax code.
The IRS provides further guidance on the Employee Retention Tax Credit
(authored by RSM US LLP) The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
Understanding the makings of a $2 trillion infrastructure project
(authored by RSM US LLP) A project that modernizes the national infrastructure means increased jobs, productivity and growth, leading to better living standards.