FASB issues ASU on leases between entities under common control
FASB issues ASU responding to private company stakeholders’ concerns about applying ASC 842 between entities under common control.
How high will interest rates go?
We expect the Fed to raise its policy rate above 5% in the near term while at the same time reducing its balance sheet by $95 billion per month.
Year-end tax planning considerations
Tax planning considerations for businesses and individuals approaching the end of 2022.
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.
Discover more with RSM’s 2022 year-end tax planning guides.
RSM’s annual tax planning guides unlock tax tips, middle market perspectives, resources our insights on how legislation and tax policy might impact you or your company.
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.
IRS releases 2023 tax inflation adjustments
IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
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.
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.
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.