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The top 7 manufacturing industry trends to watch

The top 7 manufacturing industry trends to watch

From IT architecture to ESG issues, digital transformation is central to each of the key manufacturing trends RSM has identified.
Five Steps to Recognizing Revenue in Financials

Five Steps to Recognizing Revenue in Financials

The FASB and IASB have provided standards for properly recognizing revenue in your financials. Using a five step process, companies recognize revenue based on the value and timing of when control of the goods and services are transferred to the customer. Learn about the standards and how to properly recognize revenue for your company.
Fed raises its policy rate by 75 basis points as it prepares to slow pace of hikes

Fed raises its policy rate by 75 basis points as it prepares to slow pace of hikes

The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.
IRS makes statements on CARES Act Employee Retention Tax Credit risks

IRS makes statements on CARES Act Employee Retention Tax Credit risks

On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
What Is an S-Corp Election?

What Is an S-Corp Election?

Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
Expect More IRS Audits

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.
Why cybersecurity due diligence is critical

Why cybersecurity due diligence is critical

With cyberattacks on the rise, cybersecurity needs to be a due diligence priority when considering an investment.
Is your managed service provider as secure as you think?

Is your managed service provider as secure as you think?

Key steps to take when assessing how much protection your managed service provider is providing your organization from cyberthreats.
Lessor accounting under ASC 842

Lessor accounting under ASC 842

Our whitepaper explains contracts within the scope of Topic 842, as well as a lessor's accounting under ASC 842 for its contracts that are (or include) leases.
Distressed acquisitions & credit bidding debt: an M&A tax perspective

Distressed acquisitions & credit bidding debt: an M&A tax perspective

Tax considerations for buyers and sellers of distressed companies under section 363 of the Bankruptcy Code.
The dilemma of dealer or investor classifications for real estate

The dilemma of dealer or investor classifications for real estate

The actions taken throughout the life cycle of a real estate investment determine whether specific real estate is held for investment or held as dealer property.
Economic headwinds: Financial Institutions

Economic headwinds: Financial Institutions

The financial institutions ecosystem is in a unique position as the economy works through the current inflationary phase.
How the Student Loan Debt Relief Plan works

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.
The Clean Vehicle Tax Credit Program

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.
Inflation Reduction Act: What $80 billion in IRS funding means for taxpayers

Inflation Reduction Act: What $80 billion in IRS funding means for taxpayers

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.