Navigating a Troubled Hotel Market
RSM speaks with InnFACT Advisors about what the hotel market looks like in the current pandemic environment. Read the interview here.
PPP Update: New Guidance That Will Change 2020 Taxable Liabilities
The IRS recently issued guidance that will impact taxable income and tax liabilities for the majority of businesses who received PPP loans.
NCUA Issues Mid-Year Update to Credit Union Supervisory Priorities Amid COVID-19
2020 has been a year of transformation, challenge, and opportunity.
Exempt Organization Inflation Adjusted Items for 2021
Rev. Proc. 2020-45 provides annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations. (authored by RSM US LLP)
New 2020 Form 1099-NEC
NEW FORM 1099-NEC: The PATH Act accelerated the due date for filing Form 1099 that included nonemployee compensation (NEC) to January 31, and Treasury Regulations eliminated the automatic 30-day extension of time to file for forms that included NEC.
Virginia Employment Laws Expanded to Require New Hire Reporting of Independent Contractors
A new but perhaps little-known law in the State of Virginia requires that all employers, labor organizations, and hiring halls report information about newly hired independent contractors to the state’s New Hire Center.
DCAA Audit Protocol during the COVID-19 Pandemic
As the COVID-19 pandemic continues with no real end in sight the performance of traditional on-site audits by DCAA becomes a significant safety issue.
Sec_rity Is Not Complete Without U!
While technical cybersecurity controls are a vital part of your organization’s information security framework, they are not in and of themselves sufficient to secure all of your information assets.
Open Enrollment: Making the Most of Employee Benefits
Open Enrollment season is upon us, and for many employees, it is time to enroll in company benefits for the upcoming year.
SBA Publishes Loan Necessity Questionnaire for PPP Borrowers
Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to SBA. (authored by RSM US LLP)