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SEC amends certain auditor independence requirements

SEC amends certain auditor independence requirements

The SEC recently updated certain of its auditor independence requirements to more effectively focus the independence analysis.
2020 Election preview: Family offices

2020 Election preview: Family offices

With the election approaching, RSM is looking at the economic stakes and the key issues for family offices.
The board’s role in digital transformation

The board’s role in digital transformation

How boards of directors can help drive innovation within their organizations even during the COVID-19 pandemic.
Tech tumbled, ended risk asset rally

Tech tumbled, ended risk asset rally

U.S. dollar strengthened in September as the existing monetary stimulus wane and expectations for fiscal stimulus before the election fade.
Revised FATF standards on virtual assets and virtual asset providers

Revised FATF standards on virtual assets and virtual asset providers

FATF Recommendation 16 calls for VA service providers to collect sender, receiver information and counterparty institution for transactions.
Tax Court holds section 6662(i) is not a separate penalty

Tax Court holds section 6662(i) is not a separate penalty

Section 6662(i) 40% penalty is an enhancement of section 6662(b)(6). Failed approval of section 6662(b)(6) cannot be cured later.
IRS announces end date of faxed submissions for Forms 1139 and 1045

IRS announces end date of faxed submissions for Forms 1139 and 1045

The IRS announced that December 31, 2020 will be the last date to submit tentative net operating loss carryback claims via fax.
FinCEN final rule for banks without a federal functional regulator

FinCEN final rule for banks without a federal functional regulator

Final Rule removes the PATRIOT Act anti-money laundering program exemption for banks that lack a federal functional regulator.
FATF report on virtual assets

FATF report on virtual assets

FATF released red flag indicators to assist in preventing criminal, ML and terrorist financing activities associated with VAs.
The board’s role in change management

The board’s role in change management

The COVID-19 pandemic, economic uncertainty and significant social­ unrest have brought waves of change not seen in more than a century.
2020 year end tax considerations for businesses

2020 year end tax considerations for businesses

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
2020 Elections: State and local tax ballot measures to know

2020 Elections: State and local tax ballot measures to know

Looming budget shortfalls coupled with tax-related ballot measures in many states could significantly affect 2021.
Guide to excise taxes: 5 things every business should know

Guide to excise taxes: 5 things every business should know

Excise taxes can have a serious financial impact on business, yet many aren't focused on the potential impacts.
The tax implications of making a GP stakes investment

The tax implications of making a GP stakes investment

GP stakes investments—wherein investors acquire a minority interest in asset managers’ firms—continue to attract interest.
2020 Election preview: Real estate

2020 Election preview: Real estate

With the election approaching, RSM is looking at the economic stakes and the key issues for various industries.