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Service sector growth in U.S. reaches a six-month high
The service sector grew faster in August on the heels of a surge in summer spending, the Institute for Supply Management reported on Wednesday.
IRS announces transition relief for RMDs following the SECURE 2.0 Act
Discover how the IRS is providing much-needed relief for Required Minimum Distributions (RMDs) in light of the SECURE 2.0 Act. Learn about the new transition rules that could potentially benefit retirees and their tax planning strategies.
Where to form your LLC: a strategic guide for state selection
Choosing the right state for incorporating your LLC can significantly impact your business financially and legally. This article explores the key factors to consider, including annual fees, taxes, owner privacy, and business operations, to help you make an informed decision.
Personal spending grows hot in July as inflation stabilizes
American consumers remained in the position of strength when it came to spending and income growth this summer as inflation stabilized further and the labor market stayed resilient.
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.
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.
2023 food and beverage industry outlook
In our 2023 food and beverage industry outlook, we explore what's ahead for middle market business leaders.
2023 consumer goods industry outlook
In our 2023 consumer goods industry outlook, we explore what's ahead for middle market business leaders.
Back-to-school outlook: What can we expect for holiday shopping?
If July's retail sales are any indication, this year's holiday sales will be largely focused on individual product categories and consumer spending by income level.
Existing home sales fall near January low as rates surge
July sales were much lower than expected, dropping by 2.2% on the month compared to a forecasted decline of only 0.2% earlier.
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.
Near-target inflation fuels hope of soft landing for economy
Inflation stabilized further in July as the consumer price index data met expectations, the Bureau of Labor Statistics reported on Thursday.
Additional reminders about the Employee Retention Credit
RSM provides guidance on accounting for the Employee Retention Credit in an entity’s financial statements.
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.
Business services industry outlook
We examine the latest trends for business services companies and discuss what's ahead for middle market business leaders.