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The Inflation Reduction Act of 2022 proposes $80 billion in additional funding for the IRS

The Inflation Reduction Act of 2022 proposes $80 billion in additional funding for the IRS

The Inflation Reduction Act of 2022 provides significant funding for the IRS over the next 10 years. The IRS is expected to use over half the funds for enforcement. Taxpayers can also expect to see an increase in taxpayer services.
Getting started with CECL

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.
Bridging the gap in cybersecurity and M&A

Bridging the gap in cybersecurity and M&A

The pandemic created new challenges for cybersecurity. Achieving operational excellence in cybersecurity means pushing for resources and leadership buy-in.
U.S. housing supply continues to fall amid rising mortgage rates

U.S. housing supply continues to fall amid rising mortgage rates

There were 1.56 million new housing starts in June on an annualized basis, a 2.0% decline from May and the lowest level since last September.
Increasing a nonprofits impact through operational efficiency

Increasing a nonprofits impact through operational efficiency

Nonprofit organizations often have lean operational budgets. But a nonprofit that struggles with its operations will soon find itself with limited mission impact as well.
RSM US Manufacturing Outlook Index shows 35% probability of recession over next year

RSM US Manufacturing Outlook Index shows 35% probability of recession over next year

The RSM US Manufacturing Outlook Index declined into negative terrain in May, signaling the impact of high inflation, rising interest rates, the lockdowns in China and the war in Ukraine.
The metaverse in manufacturing

The metaverse in manufacturing

We examine the metaverse in manufacturing and how it could affect middle market business leaders.
Changes to accounting for revenue contracts in a business combination

Changes to accounting for revenue contracts in a business combination

Discussion of the buyer's accounting in a business combination for contract assets and contract liabilities related to customer contracts.
ESG and supply chain trends in manufacturing

ESG and supply chain trends in manufacturing

We examine the latest supply chain and ESG trends in manufacturing and discuss what's ahead for middle market business leaders.
GASB issues omnibus statement

GASB issues omnibus statement

The Governmental Accounting Standards Board has issued an omnibus statement addressing a wide range of practice issues.
7 key actions for financial services organizations partnering with fintech companies

7 key actions for financial services organizations partnering with fintech companies

Planning is key for institutions embarking on strategic fintech partnerships
BSA/AML and OFAC risk assessment: Best practices for financial organizations

BSA/AML and OFAC risk assessment: Best practices for financial organizations

BSA/AML and OFAC risk assessments can help alleviate concerns for financial organizations. Develop a strategy for BSA/AML and OFAC compliance.
Fed policy and the natural rate of interest—a delicate balancing act

Fed policy and the natural rate of interest—a delicate balancing act

The current estimate of the natural rate of interest is 0.5%, hardly enough to compensate for the risk of investment.
U.S. GDP declines by 1.4%: This is what an overheating economy looks like

U.S. GDP declines by 1.4%: This is what an overheating economy looks like

Growth in the first three months of the year contracted at 1.4% pace as Americans turned to imports to meet torrid demand that is simply unsustainable.
Pending home sales fell back to pre-pandemic level amid rising rates

Pending home sales fell back to pre-pandemic level amid rising rates

pending home sales fell 1.2% in March, declining for the fifth month in a row, as demand continued to slow due to high prices and rising mortgage rates.
Chart of the day: Industrial production hits record in March

Chart of the day: Industrial production hits record in March

Domestic industrial production increased by 0.9% in March, beating market forecasts despite global supply chain disruptions of key materials.