Expect More IRS Audits
The Inflation Reduction Act allocated $80 billion to the IRS for hiring additional personnel and improving processes and technology. Learn how this might affect future audit activity and how much time the IRS has to audit you.
FASB to propose changes to related party leases guidance
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.
How the Student Loan Debt Relief Plan works
President Biden announced a plan to extend the pause on student loan repayments and offer student loan forgiveness to millions of borrowers. Under the Student Loan Debt Relief Plan, eligible borrowers will have up to $20,000 of their student loans forgiven. Watch this video to learn more about the program.
Fed raises its policy rate by 75 basis points and sees more increases
The Federal Reserve raised its policy rate by 75 basis points on Wednesday, the third straight increase of that size and a sign that it is continuing its aggressive push to tame inflation.
Sales tax considerations for exempt organizations
The application of sales and use tax to the activity of exempt organizations is complex and nuanced. RSM state tax and exempt organizations specialists explain what you need to know.
Inflation Reduction Act: Reducing carbon footprint and tax liability
Join RSM as we discuss how companies can reduce both their carbon footprint and their tax liability through new incentives created by the Inflation Reduction Act.
AI and machine learning: It may not be as difficult as you think
AI and machine learning solutions are now much more realistic for middle market companies, with the potential for increased insight and efficiency through automation.
The Clean Vehicle Tax Credit Program
The Inflation Reduction Act includes the Clean Vehicle Tax Credit program which provides tax credits for purchasing electric vehicles. Learn about the tax credits and limits on qualifications.
Challenges of inflation for nonprofits
The challenges of inflation can be difficult for nonprofits to overcome. But there are steps that nonprofits can take to limit inflation’s negative impact.
5 signs your nonprofit needs to update its business processes
Modernizing business processes has never been more crucial for mission-driven organizations. Key indicators let nonprofits know it may be time to upgrade their technology.
Getting started with CECL
CECL compliance is a requirement for every business that holds financial assets recorded at amortized cost with certain exception. Get answers to your most important CECL questions.
Research and Development Tax Credits
While most companies expense the cost of research and development activities, most fail to take advantage of the R&D tax credit. Learn how the tax credit works and what expenses qualify for it.