Author Archive

Tax-exempt status in health care

Tax-exempt health care organizations must take care to maintain status. Organizations can highlight work within communities to help validate their standing.

Construction industry outlook

In our 2022 construction industry outlook, we explore what’s ahead for middle market business leaders.

SAS 136: The ERISA Section 103(a)(3)(C) audit election

Plan administrators should consider all implications of an ERISA Section 103(a)(3)(C) election before the election is made.

Smile! New IRS identity verification process requires a selfie

The IRS is tackling identity theft by using ID.me verification technology to guard access to online services.

Looking ahead to 2022

Looking ahead to 2022 What to expect in the economy INSIGHT ARTICLE  |  December 09, 2021 Authored by RSM US LLP Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade. As the economy approaches a full reopening, we expect that… [Read More]

National Taxpayer Advocate provides 2021 annual report to Congress

The Taxpayer Advocate Service highlighted 10 major IRS problems affecting taxpayers and made several recommendations to mitigate the issues.

Disclosures by business entities about government assistance

ASU 2021-10 will require business entities to disclose information about certain types of government assistance they receive.

SAS 136: Preparation before year end

Before year end, plan administrators or trustees and their auditors should discuss certain preconditions of the audit.

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.

Updated leases overview and lessee accounting guide

We have updated our publications to reflect the FASB’s recent changes to the effective date of ASC 842, Leases.