(authored by RSM US LLP) The FASB has clarified that certain ASC 848 expedients and exceptions apply to derivatives affected by the discounting transition.
(authored by RSM US LLP) New final regulations include rules for CFCs, depreciation/amortization ‘add-back recapture’ and self-charged interest.
(authored by RSM US LLP) Final regulations address self-charged interest and trading partnerships, but reserve on tiered partnerships and other items.
(authored by RSM US LLP) Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
(authored by RSM US LLP) Paycheck Protection Program (PPP) loan recipients may now qualify for the employee retention tax credit based on new legislation signed.
(authored by RSM US LLP) Treasury Department and SBA announce reopening dates for Paycheck Protection Program – Jan. 11, 2021 and Jan. 13, 2021.
(authored by RSM US LLP) SBA releases two PPP reopening guidance packages. The first for new borrowers and the second for the second draw program.
(authored by RSM US LLP) SBA releases two PPP reopening guidance packages. The first for new borrowers and the second for the second-draw program.
(authored by RSM US LLP) Year-end stimulus legislation extends Paycheck Protection Program and expands eligibility for exempt organizations.
(authored by RSM US LLP) The program, scheduled to expire on Dec. 31, 2020, received a five-year extension under the recent federal spending bill.