IRS 90-day pre-examination compliance pilot for retirement plans
(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.
Changes in Fed policy and their impact on the economy
(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…
Initial jobless claims exceed pre-pandemic level for second straight week
(authored by RSM US LLP) There were 229,000 new jobless claims for the week ending June 11, down slightly from an upwardly revised 232,000 in the prior week.
Chart of the day: The long-term impact of a ban on Russian energy
(authored by RSM US LLP) The embargo on Russian energy supplies poses serious long-term challenges for the European Union.
Oil prices and price gouging: Deconstructing the price of gas
(authored by RSM US LLP) The impact of global market forces like the war in Ukraine and OPEC far outweighs whatever influence retailers or refiners have on the prices that consumers pay…
Accounting for Leases in 2022
In early 2016, the Financial Accounting Standards Board (FASB) released new guidance on how businesses should account for leases. That new standard went into effect
How the Ukraine Crisis Has Been Affecting the Energy Sector
The war in Ukraine has already had a profound impact on the availability and pricing of commodities. Since Russia invaded Ukraine in February, we have
A Cash Flow Analysis Can Save Your Business
Financial experts claim that 82 – 90% of small business failures are caused by poor cash flow. Many profitable companies find that they are insolvent
The Many Benefits of Outsourcing the CFO Function
As a small to medium-size business owner, you wear many hats and may be responsible for everything from new product development, to operations, human resources,
New adjustment factor and reference price for oil and gas incentives
(authored by RSM US LLP) IRS Notice 2022-17, IRS Notice 2022-18 and IRS Notice 2022-19 provide adjustment factor and reference price for enhanced oil recovery, marginal well credit and percentage depletion for marginal wells.
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.
The illusion of inventory and price controls
(authored by RSM US LLP) With inflation at 8.5% and risks of another energy price shock the impulse of policymakers to take more action is rising.