SOC reports: Proving security, building trust
(authored by RSM US LLP) To better manage risks, vendors and service providers should verify the strength of their internal controls, driving demand for the independent audits known as System and Organization Controls (SOC) reports.
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
Our Commitment to Our Nonprofit Clients
LaPorte CPAs & Business Advisors has a proud history of serving the nonprofit community. A principal component of that commitment is sharing our knowledge and
Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations
(authored by RSM US LLP) The Treasury Department and the IRS released the 2022-2023 Priority Guidance Plan, which contains a number of items affecting exempt organizations.
A Guide to Building a Successful Board
A nonprofit organization’s board plays a big part in the success or failure of the organization and is responsible for its fiduciary wellbeing. Finding the
Exempt organization inflation adjusted items for 2023
(authored by RSM US LLP) Rev. Proc. 2022-38 provides the annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations.
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.
The cost of a data breach: 2022 NetDiligence® Cyber Claims Study
(authored by RSM US LLP) RSM is a proud sponsor of the 2021 NetDiligence® Cyber Claims Study. Download the study to learn the real cost of a data breach.
IRS delays caused employers to wait on needed COVID tax credit relief
(authored by RSM US LLP) Congress passed multiple pieces of legislation aimed at providing relief to employers struggling due to the pandemic. A new Treasury Inspector General for Tax Administration (TIGTA) report finds that ongoing IRS processing delays are causing businesses to wait on COVID-related credits claimed on Forms 941-X. The report states that as of Feb. 1, 2022, there were 447,435 Forms 941-X waiting to be processed.
Given the High Gas Prices, Minimum Wage is Not Even a Working Wage
The average commute in the United States is about 27 minutes. This is about one gallon of gas to and one gallon of gas from
Basic Cyber Hygiene
Cybersecurity has been a chief concern among small business owners for some time, but protecting data from bad actors has become even more important since