Bank Term Funding Program: Government response to the banking crisis
(authored by RSM US LLP) The Bank Term Funding Program gives small and midsize banks the chance to shore up their liquidity.
FASB votes to simplify accounting for common control leases
(authored by RSM US LLP) For common control leases, the FASB is drafting amendments to simplify determining whether a lease exists, the classification of the lease, and accounting for leasehold improvements.
Required minimum distributions after SECURE 2.0
(authored by RSM US LLP) SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
Retirement plan changes for long-term, part-time employees
(authored by RSM US LLP) SECURE 2.0 changes the rules for how long-term, part-time employees are treated for purposes of 401(k) and 403(b) retirement plans.
4 areas of focus for financial institutions in early 2023
(authored by RSM US LLP) Despite the lift in financial institutions” net interest margins from unprecedented rate hikes, the headwinds facing the industry through declining macroeconomic conditions are creating unique downside risks for the nation’s banking system.
Choosing the right financial services automation solution
(authored by RSM US LLP) The right approach to financial services automation is to take a fresh look at all your systems and evaluate their necessity with the goal of streamlining your tech stack to the core solutions you need.
Requirements for Form 1099-NEC Filers
The Louisiana Department of Revenue (LDR) issued information for all business that are required to file with the IRS, for the tax year 2022, Forms
Financial services organizations must zero in on ESG data
(authored by RSM US LLP) Financial services organizations must zero in on environmental, social and governance (ESG) data.
A guide to accounting for investments, loans and other receivables
(authored by RSM US LLP) Information about accounting for equity securities, debt securities and loans and other receivables, including recognition of credit losses.
How high will interest rates go?
(authored by RSM US LLP) We expect the Fed to raise its policy rate above 5% in the near term while at the same time reducing its balance sheet by $95 billion per month.
U.S. jobs report: Hiring slows as another 75-basis-point rate increase looms
(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.
FASB to propose changes to related party leases guidance
(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.