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IRS extends digital asset broker relief through 2027 under Notice 2025-33

IRS extends digital asset broker relief through 2027 under Notice 2025-33

Notice 2025-33 offers relief for digital asset brokers, delaying backup withholding and expanding TIN and foreign customer relief under section 6045.
Proposed section 899 would increase tax rates on payments to foreign persons

Proposed section 899 would increase tax rates on payments to foreign persons

RSM explains details of the new tax code section 899, titled "Enforcement of remedies against unfair foreign taxes." Learn more.
Implications of section 899 for withholding agents and investors

Implications of section 899 for withholding agents and investors

RSM explains how section 899 would increase compliance obligations and require systems changes for withholding agents and investors. Learn more.
The Fed holds rates steady, but its forecast has the whiff of stagflation

The Fed holds rates steady, but its forecast has the whiff of stagflation

In holding the policy rate in a range between 4.25% and 4.5%, the Federal Open Market Committee also signaled the possibility of two rate cuts this year, although it's a close call on that outcome.
Private equity’s operating model evolution

Private equity’s operating model evolution

Private equity GPs are exploring new fund administration operating models to enhance efficiency and adapt to evolving market demands. Learn more.
An updated guide to accounting for debt modifications and restructurings

An updated guide to accounting for debt modifications and restructurings

The latest edition of RSM's guide provides more examples and covers the FASB's project on accounting for debt exchanges.
FASB seeks to clarify share-based consideration payable to a customer

FASB seeks to clarify share-based consideration payable to a customer

The FASB issued ASU 2025-04 on accounting for share-based consideration payable to a customer that will address diversity in practice.
FASB issues guidance on determining the acquirer in a VIE acquisition

FASB issues guidance on determining the acquirer in a VIE acquisition

The amendments require an entity to consider the same factors that are currently required for determining which entity is the accounting acquirer in other acquisition transactions.
In capital markets, volatility and notable deals kicked off the second quarter

In capital markets, volatility and notable deals kicked off the second quarter

The beginning of the second quarter has been marked by significant volatility, driven by U.S. tariffs on trading partners and forcing broker-dealers and exchanges to adapt to increased transaction volume and revise their risk management strategies.
What surging inflation expectations mean for the U.S. economy

What surging inflation expectations mean for the U.S. economy

The public expects inflation to soar to 7.3% a year from now and to 4.6% over a five-year time frame, according to the University of Michigan's consumer surveys for April.
Trade shocks, employment and the coming recession

Trade shocks, employment and the coming recession

The recession will start on the docks of Los Angeles. It will be a product of a rational response of producers, wholesalers and retailers to the uncertainty created by policymakers.
No tax on tips and overtime: What employers should know

No tax on tips and overtime: What employers should know

RSM explains how the One Big Beautiful Bill Act proposals to not tax tips and overtime could affect employers. Learn more.
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