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.
Senate passes extension of Paycheck Protection Program to May 31
(authored by RSM US LLP) PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
Guidance issued for employers claiming the Employee Retention Credit
(authored by RSM US LLP) Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
OPEC’s response to a drop in demand
(authored by RSM US LLP) According to recent data, gas prices for consumers peaked in late 2018 as the global manufacturing recession took hold.
IRS extends energy safe harbor for offshore or federal land projects
(authored by RSM US LLP) The continuity safe harbor of the beginning of construction requirement is extended to energy credits for offshore or federal land projects.
Proposed accounting for acquired revenue contracts with customers
(authored by RSM US LLP) A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
Q4 2020 Dealmaker Roundup
(authored by RSM US LLP) An in-depth discussion among PE leaders addressing the effects of COVID-19, technology and a disrupted supply chain on U.S. manufacturing.