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Interagency statement on model risk management for bank systems

Interagency statement on model risk management for bank systems

The recent supervisory guidance on the model risk management for bank systems supporting BSA/AML compliance and key points of consideration.
New IRS guidance on ADS recovery period of residential rental property

New IRS guidance on ADS recovery period of residential rental property

Guidance provides procedures to implement the retroactive 30-year ADS recovery period for residential rental property.
RSM US Middle Market Business Index Eases Slightly in May but Overall Remains Strong as the Economy Continues to Reopen

RSM US Middle Market Business Index Eases Slightly in May but Overall Remains Strong as the Economy Continues to Reopen

RSM today announced results of the May 2021 reading for its RSM US Middle Market Business Index (MMBI).
G7: Groundbreaking steps to a 15% global minimum tax

G7: Groundbreaking steps to a 15% global minimum tax

During conversations on Saturday June 5, 2021, the G7 made historic strides toward multilateral agreement on a 15% global minimum tax rate.
A Biden tax plan update: What, when and how?

A Biden tax plan update: What, when and how?

New details of President Biden’s tax plan are shaping congressional negotiations and middle market considerations.
White House releases President’s budget, Treasury Greenbook

White House releases President’s budget, Treasury Greenbook

Administration issues Presidential priorities and pay-fors. Corporations and wealthy individuals face prospect of increasing tax rates.
The economic index from RSM shines a light on the middle market

The economic index from RSM shines a light on the middle market

Five years ago, RSM launched an innovative economic indicator called the RSM US Middle Market Business Index.
Surfacing real estate tax insights

Surfacing real estate tax insights

RSM US LLP real estate professionals discuss the future of tax and technology automation, and how it can help real estate firms.
IRS extends May 17, 2021 due date for victims of Tennessee storms

IRS extends May 17, 2021 due date for victims of Tennessee storms

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Tennessee storms, wind, tornadoes, and flooding.
IRS will audit more LLCs claiming self-employment tax exemption

IRS will audit more LLCs claiming self-employment tax exemption

IRS warns taxpayers claiming self-employment tax exemption under IRC section 1402(a)(13) to be mindful of adverse Tax Court precedent.
Implementing GASB 87: Government entities learn from public companies

Implementing GASB 87: Government entities learn from public companies

Government entities are finding GASB 87 compliance, the Government Accounting Standards Board’s new standard on lease accounting, complex.
The Real Economy: May 2021

The Real Economy: May 2021

We examine what is involved in the Biden administration’s ambitious proposal for a $2 trillion infrastructure project over the next decade.
Understanding a $2 trillion infrastructure project

Understanding a $2 trillion infrastructure project

A closer look at the Biden administration’s proposal and how it can improve productivity and, ultimately, raise living standards.
Economic activity accelerates heading into spring

Economic activity accelerates heading into spring

March was another strong month for risk assets, especially in the U.S. as vaccine manufacturing and distribution ramped up.
First-quarter GDP: Growth improves as the recovery accelerates

First-quarter GDP: Growth improves as the recovery accelerates

It's essential that the fiscal and monetary authorities follow through on current policy paths for the economy to return to full employment.
White House looking to hike long-term capital gains rate

White House looking to hike long-term capital gains rate

An increase in long-term capital gains rates may be cause to re-evaluate your portfolio, but our analysis suggests the market may not care.