(authored by RSM US LLP) Are you now exempt? Understanding changes implemented that exempt certain insured depository institutions from HPML.
(authored by RSM US LLP) A look at the changing regulatory landscape for the financial services industry under the Biden administration.
(authored by RSM US LLP) The SEC recently extended its annual reports filing deadline by 30 days for broker-dealers that meet certain requirements.
(authored by RSM US LLP) A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
(authored by RSM US LLP) FinCEN released a statement regarding their enforcement of Bank Secrecy Act/Anti-Money Laundering requirements.
The IRS once again addressed the deductibility of eligible Paycheck Protection Program (PPP) loan expenses.On Wednesday November 18th, the IRS released Revenue Ruling 2020-27 and…
Beginning in January of 2021, the IRS will require businesses to report non-employee compensation using a new Form 1099-NEC. Amounts formerly reported on Form 1099-MISC…
(authored by RSM US LLP) A PCAOB resource provides information for audit committees about new requirements for auditing estimates and use of specialists.
(authored by RSM US LLP) A recent FASB Staff Educational Paper provides an overview of the accounting guidance for common debt modifications and exchanges.
(authored by RSM US LLP) Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to…