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.
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Economic headwinds: Consumer products
The impact of inflationary pressures on consumers and their willingness to spend has left many consumer products companies holding bloated inventory levels.
Taxes and the Inflation Reduction Act: What middle market businesses should know
Tax changes in the Inflation Reduction Act could affect middle market businesses despite targeting large corporations and high-income individuals.
Estate planning and income tax: Key considerations and planning points
Avoiding unintended income tax consequences in your estate plan
How lumber tells the story of homebuilding during the pandemic
Despite a roller-coaster ride, lumber prices are still significantly higher than they were before the pandemic.
Tax issues that arise when a shareholder or partner dies
This article examines the various federal income tax issues, both from the individual and entity level, to be mindful when an owner of a passthrough entity dies.
In the consumer goods supply chain, the importance of consumer data
Supply chain disruptions and consumer products companies
FASB clarifies fair value measurement guidance for equity securities
The FASB has clarified the measurement of the fair value of equity securities subject to contractual restrictions that prohibit the sale of the equity security.
Manufacturing: The ‘ground zero’ for U.S. supply chain disruptions
How manufacturing companies are navigating supply chain disruptions
Travel industry, expecting busy summer, casts wary eye on inflation
With COVID-19 caseloads easing and consumers flush with savings built up during the
pandemic, the travel industry was anticipating a robust season.
Cybersecurity report reinforces urgency for family office protection
For family offices, RSM’s cybersecurity special report highlights insights, data privacy trends, and tactics organizations can use to strengthen security and privacy programs.
GASB revises requirements for accounting changes and error corrections
The Governmental Accounting Standards Board (GASB) has released Statement No. 100, Accounting Changes and Error Corrections (Statement 100), which amends GASB Statement No 62.
GASB revises requirements for compensated absences
The Governmental Accounting Standards Board has released Statement No. 101, Compensated Absences, replacing GASB Statement No. 16, Accounting for Compensated Absences.
Oklahoma proposes phasing out Corporate Income and Franchise Tax
Tax cuts, tax cuts, and more tax cuts. Is now the time for Oklahoma to cut corporate income and franchise taxes?
Economic headwinds: Hospitality
Inflation is hitting the hospitality industry harder than the broader economy.
Cybersecurity governance and the board’s role
The SEC has proposed amendments to its cybersecurity rules for private companies. If enacted, some boards may require cultural and structural changes to address governance gaps.