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SPACs and direct listings are reshaping the capital markets

SPACs and direct listings are reshaping the capital markets

The volume and dollar value of public listings went on a tear last year as private companies took advantage of a bullish stock market.
RSM submits Comment Letter regarding ERTC and wage reduction

RSM submits Comment Letter regarding ERTC and wage reduction

RSM submits Comment Letter seeking clarity on interaction of the employee retention tax credit and required disallowance for wage expense.
Early adoption of ASU 2020-06

Early adoption of ASU 2020-06

We have updated our white paper to discuss the interaction of Subtopic 815-40 with the SEC’s guidance on redeemable securities.
Enhanced charitable deductions extended for individuals through 2021

Enhanced charitable deductions extended for individuals through 2021

Stimulus legislation extends through 2021 the 100% of AGI deduction for itemizers and availability of a deduction for non-itemizers.
Delaware continues to send VDA invitation letters in 2021

Delaware continues to send VDA invitation letters in 2021

Delaware notices advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.
Ripe for business investment: Should health care organizations act?

Ripe for business investment: Should health care organizations act?

Should hospitals and other health care providers take advantage of this time of historically low interest rates to borrow and invest?
Wisconsin addresses PPP treatment, amends SALT deduction workaround

Wisconsin addresses PPP treatment, amends SALT deduction workaround

Tax bills provide Paycheck Protection Program conformity and revise pass-through entity election for s corporations.
New taxes impact Portland, Oregon area businesses and individuals

New taxes impact Portland, Oregon area businesses and individuals

Effective January 1, Oregon businesses and individuals in the Portland area have additional regional and county taxes on income and wages.
IRS extends April 15, 2021 due date for victims of Texas winter storm

IRS extends April 15, 2021 due date for victims of Texas winter storm

IRS postpones certain filing, payment and other time sensitive deadlines for taxpayers affected by Texas winter storms.
Exclusive access period coming to PPP; other changes forthcoming

Exclusive access period coming to PPP; other changes forthcoming

Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.
Colorado restores certain business deductions related to the CARES Act

Colorado restores certain business deductions related to the CARES Act

Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.
Interest capitalization for mandatorily redeemable instruments

Interest capitalization for mandatorily redeemable instruments

Our article discusses interest capitalization for a mandatorily redeemable financial instrument classified as a liability.
ESG reporting and attestation engagements

ESG reporting and attestation engagements

A recent publication provides information about reporting ESG information in SEC submissions and related attestation engagements.
Employee Retention Credit: Answers to frequently asked questions

Employee Retention Credit: Answers to frequently asked questions

The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.
New IRS guidance on health FSAs and dependent care assistance programs

New IRS guidance on health FSAs and dependent care assistance programs

Employers can add flexibility to their health flexible spending accounts and dependent care assistance programs per Notice 2021-15.