Insights

New Jersey officials strike budget deal

New Jersey officials strike budget deal

New Jersey budget deal commits less than 5% of the state’s budget surplus to tax relief, ignoring mobile individuals and businesses.
Updated: Goodwill accounting alternatives for certain entities

Updated: Goodwill accounting alternatives for certain entities

We recently updated our white paper to reflect the new goodwill accounting alternative provided in FASB ASU 2021-03.
Coronavirus: Updates about certain Provider Relief Fund requirements

Coronavirus: Updates about certain Provider Relief Fund requirements

We updated the discussion about certain government assistance in our Coronavirus: Financial reporting considerations white paper.
IRS adds vehicles to qualified plug-in vehicle list

IRS adds vehicles to qualified plug-in vehicle list

The IRS has added the 2021 Hyundai Ioniq to list of vehicles eligible for section 30D credit affecting buyers and lessors of these vehicles.
New IRS guidance on ADS recovery period of residential rental property

New IRS guidance on ADS recovery period of residential rental property

Guidance provides procedures to implement the retroactive 30-year ADS recovery period for residential rental property.
Wayfair nexus turns three by celebrating near universal adoption

Wayfair nexus turns three by celebrating near universal adoption

Three years after the Wayfair decision, economic sales tax nexus has become the norm, but unanswered questions and numerous issues remain.
Cybercrime risk: Top middle market vulnerabilities

Cybercrime risk: Top middle market vulnerabilities

Cybercrime is still on the rise. Here are key statistics from RSM’s 2021 Middle Market Business Index Cybersecurity Report.
Proposed guidance: Discount rate for lessees that are not PBEs

Proposed guidance: Discount rate for lessees that are not PBEs

The FASB has proposed allowing lessees that are not PBEs to make the risk-free rate election by class of underlying asset.
Retirement Report: Third Quarter 2021

Retirement Report: Third Quarter 2021

In this issue of the Retirement Advisory Report, we discuss 2021 updates to regulations that may affect you and your retirement plan.
IRS offers narrow window for some partnership to file amended returns

IRS offers narrow window for some partnership to file amended returns

Partnerships making certain narrow, and specified changes, may not need to file administrative adjustment requests.
Illinois enacts fiscal year 2022 budget with tax changes

Illinois enacts fiscal year 2022 budget with tax changes

Significant tax changes made to GILTI, bonus depreciation, net operating loss limitations and the phase-out of the state’s franchise tax.
Digital transformation: A next-step guide for board members

Digital transformation: A next-step guide for board members

3 ways to upgrade your digital transformation strategy: Do it on your own, with a technology vendor, or with an experienced partner.
5 ways outsourcing can help organizations manage risk

5 ways outsourcing can help organizations manage risk

Discover how an experienced managed service provider can help companies manage and mitigate risk. Unique business needs.
Business vulnerability: 4 lessons learned from the COVID-19 pandemic

Business vulnerability: 4 lessons learned from the COVID-19 pandemic

Learn from the business vulnerability lessons organizations experienced throughout the COVID-19 pandemic. Read now.
Form 4720 e-filing mandate now in effect for private foundations

Form 4720 e-filing mandate now in effect for private foundations

Private foundations must electronically file 2020 Forms 4720 with due dates on or after July 15, 2021. Limited exceptions apply.