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IRS Practice Unit provides steps for assessing section 6707A penalty

IRS Practice Unit provides steps for assessing section 6707A penalty

The IRS released a new Practice Unit disclosing steps to assess the section 6707A penalty for failing to disclose reportable transactions.
IRS urges entities with EINs to update their information

IRS urges entities with EINs to update their information

IRS will begin issuing letters to approximately 100,000 businesses with Employer Identification Number to update their information.
IRS issues reminder for Highway Use Tax return deadline

IRS issues reminder for Highway Use Tax return deadline

IRS issues reminder for Taxpayers who own heavy vehicles weighing more than 55,000 lbs to file Highway Use Tax return by Aug. 31, 2021.
IRS enhances employee retention credit guidance for open questions

IRS enhances employee retention credit guidance for open questions

Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.
Conducting internal fraud investigations in a remote environment

Conducting internal fraud investigations in a remote environment

Learn practical steps for conducting an internal fraud investigation in the new remote work environment triggered by the COVID-19 pandemic.
Dave Kautter’s return to RSM guided by leadership, strategy, culture

Dave Kautter’s return to RSM guided by leadership, strategy, culture

Dave Kautter, former assistant secretary for tax policy at the Treasury Department, returns to RSM to lead growth of specialty tax services.
Accounting for certain leases with variable lease payments

Accounting for certain leases with variable lease payments

ASU 2021-05 addresses the accounting for a lease with variable lease payments that do not depend on a reference index or a rate.
PRF distributions: Delayed reporting and new reporting portal

PRF distributions: Delayed reporting and new reporting portal

HHS recently opened the Provider Relief Fund Reporting Portal and published a related User Guide and FAQ document.
Today’s private equity CFO: Shifting the focus from technology to data

Today’s private equity CFO: Shifting the focus from technology to data

Today's PE-backed company CFOs must master all facets of data to achieve a well-organized finance function and stay ahead of the curve.
4 steps for nonprofits to protect against cybersecurity attacks

4 steps for nonprofits to protect against cybersecurity attacks

Nonprofits are an attractive target for cyberattacks. Understand steps your organization can take to improve security.
California enacts SALT cap workaround

California enacts SALT cap workaround

The entity-level tax election is effective for tax years beginning on or after Jan. 1, 2021 and ending before Jan. 1, 2026.
The external auditor’s responsibilities with respect to illegal acts

The external auditor’s responsibilities with respect to illegal acts

The CAQ has published an overview of the external auditor’s responsibilities with respect to illegal acts under PCAOB standards. Read more.
Withdrawal of SBA loan necessity questionnaire for PPP loans

Withdrawal of SBA loan necessity questionnaire for PPP loans

The SBA has formally notified PPP lenders that it no longer will require submission of loan necessity questionnaires. Learn more.
2021 Mid-Year Outlook

2021 Mid-Year Outlook

Economic momentum underpins positive global equity returns causing gyrations in interest rates, hampering fixed income returns.
Identity and access management: Keys to success

Identity and access management: Keys to success

Identity and access management is key for protecting your organization’s data and applications. Learn how to implement critical security.