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Essential estate planning documents

Essential estate planning documents

Estate planning is an essential part of financial planning for all individuals, regardless of age or asset level. Learn which documents are essential for any estate plan and about other estate planning tools that may benefit you depending on your circumstances. 
Summer jobs: tax considerations for parents and their children

Summer jobs: tax considerations for parents and their children

For many teenagers, summer often means a time for family barbecues, swimming in the pool, and working a summer job. For many parents, this means dealing with the tax implications of their child’s income. In this article, we'll provide an overview of what tax filings may be required for your working teenager.  
Tax issues that arise when a shareholder or partner dies

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.
U.S. housing supply continues to fall amid rising mortgage rates

U.S. housing supply continues to fall amid rising mortgage rates

There were 1.56 million new housing starts in June on an annualized basis, a 2.0% decline from May and the lowest level since last September.
U.S. June CPI: Persistent top-line inflation hits 9.1%

U.S. June CPI: Persistent top-line inflation hits 9.1%

The top-line consumer price index hit 9.1% in June on the back of a 11.2% increase in gasoline prices and a 7.5% jump in overall energy prices.
FASB clarifies fair value measurement guidance for equity securities

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.
In the consumer goods supply chain, the importance of consumer data

In the consumer goods supply chain, the importance of consumer data

Supply chain disruptions and consumer products companies
Manufacturing: The ‘ground zero’ for U.S. supply chain disruptions

Manufacturing: The ‘ground zero’ for U.S. supply chain disruptions

How manufacturing companies are navigating supply chain disruptions
IRS issues stern warning that abusive microcaptive insurance schemes will be aggressively targeted

IRS issues stern warning that abusive microcaptive insurance schemes will be aggressively targeted

The IRS has recently announced that it will aggressively review microcaptive insurance arrangements.
Cybersecurity report reinforces urgency for family office protection

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.
Travel industry, expecting busy summer, casts wary eye on inflation

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.
States begin to consider digital asset taxation as sessions end

States begin to consider digital asset taxation as sessions end

A number of states begin to consider or take steps related to the state taxation of digital assets as the economy for these assets continues to grow.
U.S. employment report for June indicates no recession now

U.S. employment report for June indicates no recession now

An American economy in free fall does not tend to produce 372,000 jobs in any given month, as the June employment report showed on Friday. The data released by...
GASB revises requirements for accounting changes and error corrections

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

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

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?