New guidance released on clean energy credit labor requirements
The IRS and Treasury released proposed regulations with respect to prevailing wage and apprenticeship requirements for clean energy tax incentives.
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IRS updates guidance on environmental justice solar and wind capacity limitation
Treasury and the IRS have released final regulations and a revenue procedure providing guidance on program under section 48(e).
IRS releases initial rules for expenditures under section 174
IRS issues Notice 2023-63 outlining how taxpayers should treat their research and development expenditures under section 174.
Proposed regulations for digital assets are here! Now what?
Proposed regulations for digital asset reporting under section 6045 will require brokers to report sales and exchanges of digital assets to the IRS.
OCC issues 2023 edition of “Bank Accounting Advisory Series”
This edition was updated to add new guidance on loan modifications, reflect the adoption of the CECL and leases standards, and more.
2023 consumer goods industry outlook
In our 2023 consumer goods industry outlook, we explore what's ahead for middle market business leaders.
2023 food and beverage industry outlook
In our 2023 food and beverage industry outlook, we explore what's ahead for middle market business leaders.
Estate planning after the sale of a business interest
This article discusses estate planning and tax considerations after the sale of a business interest or other liquidity event, including common strategies to reduce estate tax and meet charitable giving goals.
New bank guidance: Regulators share direction on third-party risk management
Regulators share direction on risk management strategies for banks when partnering with third-party organizations.
FASB proposes expense disaggregation to aid income statement analysis
A proposed update would require disclosing compensation, depreciation and inventory costs within income statement line items.
Additional reminders about the Employee Retention Credit
RSM provides guidance on accounting for the Employee Retention Credit in an entity’s financial statements.
FedNow set to modernize nation’s payment system
In addition to real-time settlement, FedNow is expected to offer several benefits to both businesses and consumers seeking better options for managing their finances.
U.S. charitable donations fell last year
Donations to charity fell to $499 billion last year, a 3.4% decrease from 2021.
Banking regulators give update on liquidity risk management
In a recent webcast update, the Federal Reserve Board of Governors, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. focused on the importance of liquidity risk management for banks.
Common risks and opportunities audit committees should consider
These key risks and opportunities can help your audit committee see the power and potential of internal audit.
New guidance from IRS on correction of errors in qualified retirement plans
The IRS released Notice 2023-43 to provide interim guidance on plan correction changes under SECURE 2.0 until Rev. Proc. 2021-30 (EPCRS) is updated.