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RSM US Manufacturing Outlook Index shows a slowing industrial sector

RSM US Manufacturing Outlook Index shows a slowing industrial sector

Three of the Federal Reserve’s regional manufacturing surveys are now reporting outright contractions and the other two are falling quickly toward contraction.
Preparing for a tsunami of imported goods

Preparing for a tsunami of imported goods

The recent reopening of China’s factory floors and the easing of its supply chain bottlenecks have prompted discussion about the ability of the U.S.
New home sales rise unexpectedly despite higher mortgage rates

New home sales rise unexpectedly despite higher mortgage rates

The increase was driven by more supply coming online, pushing prices down for the first time since February.
Five considerations for switching auditors

Five considerations for switching auditors

As your business grows, it's imperative to have an audit firm whose capabilities grow with you. Assess if it's time for a change.
IRS to process all Forms 1040 originally filed in 2021 by end of week

IRS to process all Forms 1040 originally filed in 2021 by end of week

Despite persistent challenges facing the IRS, the agency is on track to process all Forms 1040 originally filed in 2021 this week, with remaining inventory processed soon after.
Superfund excise tax FAQs and tax rates released by the IRS

Superfund excise tax FAQs and tax rates released by the IRS

The IRS issued FAQs regarding the Superfund chemical excise tax and tax rates today to help those taxpayers who may be impacted.
IRS 90-day pre-examination compliance pilot for retirement plans

IRS 90-day pre-examination compliance pilot for retirement plans

The IRS is piloting a pre-examination compliance program for retirement plans, which provides plan sponsors with 90-day window to review plan operations and make corrections prior to examination.
Preparing Your Business for a Recession

Preparing Your Business for a Recession

A recession can be challenging for any business. However, business owners can take steps to prepare for a recession and position their companies for growth as the economy recovers. In this video, we'll provide six tips to help you and your business prepare for a recession.
Fed announces largest rate hike in nearly three decades as it seeks to restore price stability

Fed announces largest rate hike in nearly three decades as it seeks to restore price stability

The Federal Reserve lifted its federal funds policy rate to a range between 1.5% and 1.75% on Wednesday as it moves to restore price stability over the medium term.
How lumber tells the story of home building during the pandemic

How lumber tells the story of home building during the pandemic

Large home builders operate with scale advantages, which have allowed them to endure wild swings in costs of inputs like lumber. It's a different story for…
IRS increases mileage rates for the remainder of 2022

IRS increases mileage rates for the remainder of 2022

The IRS provides some relief amid rising gas prices with an optional increase to the standard mileage rate for business travel.
Get ready for another round of supply chain bottlenecks

Get ready for another round of supply chain bottlenecks

Just when middle market businesses where hoping for relief from supply chain disruptions, China's renewed economic shutdowns laying the groundwork from another round.
5 ways nonprofits can stay agile

5 ways nonprofits can stay agile

To stay nimble, nonprofit organizations should examine these five areas to enhance their ability to adapt to change.
Are inventory levels too high?

Are inventory levels too high?

Consumer goods companies are beginning to rethink current inventory positions as they plan for back-to-school and winter holiday seasons.
Inflation and gross margins—who is winning? Part 1: The transportation sector

Inflation and gross margins—who is winning? Part 1: The transportation sector

RSM took a detailed look at gross margins across different peer groups in the industrials sector to see how each has fared during this time of high inflation.