Insights Gallery

Tax Court once again denies related party bad debt deduction

By RSM US LLP | July 20, 2023

Proper documentation of related party cash advances is imperative if a taxpayer intends to substantiate the advances as debt for tax purposes.

The road to financial transformation

By RSM US LLP | July 19, 2023

Review RSM's finance function assessment to illuminate specific actions to achieve accounting and finance process optimization.

Banking regulators give update on liquidity risk management

By RSM US LLP | July 19, 2023

In a recent webcast update, the Federal Reserve Board of Governors, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. focused on the importance of liquidity risk management for banks.

U.S. second-half economic outlook: Muddling through

By RSM US LLP | July 17, 2023

A rapid decline in inflation amid robust hiring and an unemployment rate that stands at 3.6% despite a steep rise in interest rates underscore a resilient American economy that refuses to go gentle into that good night.

Consumer sentiment highest in nearly two years

By RSM US LLP | July 14, 2023

Consumer sentiment jumped to its highest level since September 2021 on the heels of continuing disinflation and an improved view of household finances, according to the University of Michigan’s survey.

Updated guide to accounting for business combinations

By RSM US LLP | July 13, 2023

The new edition of RSM's guide to accounting for business combinations reflects recent FASB amendments and addresses practice issues.

Enhancing productivity through generative AI

By RSM US LLP | July 12, 2023

Generative AI is rapidly evolving, and leaders need to understand how to it will disrupt their industries and how to utilize the technology.

From Surviving to Thriving: The Benefits of Digital Transformation

By Johnson & Sheldon | July 7, 2023

Discover the benefits of digital transformation for businesses, including enhanced operational efficiency, real-time insights, and a competitive advantage in today's evolving market.

Mistakes To Avoid When Setting Growth Goals

By Johnson & Sheldon | July 7, 2023

Discover the common mistakes made when setting growth goals and how to avoid them. Learn how to create a clear and achievable plan to take your business to the next level.

Strong economic data signals another rate hike in July

By RSM US LLP | July 6, 2023

A series of economic reports released on Thursday showed a much more resilient economy than expected heading into a crucial period when the Federal Reserve is on the verge of hiking interest rates again.