Fed hikes rates by 25 basis points as it approaches peak
The central bank hiked its policy rate by 25 basis points to a range between 4.5% and 4.75%, its eighth straight increase, though lower than the recent hikes.
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U.S. inflation eases in December, supporting a moderation in Fed rate hikes
Top-line inflation declined by 0.1% on the month in December and increased by 6.5% on an annual basis.
IRS releases fact sheet regarding residential energy credits
A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
Key takeaways for employers under the SECURE 2.0 Act of 2022
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
FOMC preview: Policy rate to increase by 50 basis points
Such an increase would follow a series of 75 basis-point increases and would lift the Fed’s policy rate to a range between 4.25% and 4.5%.
Schedule K 3 instructions
When Schedule K-3 instructions were released by the IRS, many pass-through entities feared compliance challenges. Here’s how it played out.
Job openings and quits continue to moderate
There remained 1.7 job vacancies per unemployed worker, significantly higher than 2019's average of 1.2.
U.S. October CPI: Inflation still high, but relief on the horizon
inflation is most likely approaching an inflection point where the central bank can begin considering a pause in its efforts to restore price stability.
Fed raises its policy rate by 75 basis points as it prepares to slow pace of hikes
The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.
IRS makes statements on CARES Act Employee Retention Tax Credit risks
On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
IRS releases 2023 tax inflation adjustments
IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
Producer prices rebound, keeping pressure on Fed to raise rates
The producer price index rose by 0.4% in September after falling for two straight months, the Bureau of Labor Statistics reported on Wednesday.
Lessor accounting under ASC 842
Our whitepaper explains contracts within the scope of Topic 842, as well as a lessor’s accounting under ASC 842 for its contracts that are (or include) leases.
Amid global economic turmoil, stress grips fixed-income markets
Fixed-income markets are signaling a shift in perceptions of financial stability and raising a caution flag for investors.
Economic headwinds: Oil and gas sector
RSM examines what economic headwinds mean for the oil and gas sector, which is faring better than the overall economy.
10 issues that affect wealth preservation and what you can do about them
Wealth preservation issues and strategies for multigenerational wealth; how to prioritize grantor intent for future generations while minimizing taxes and reducing conflict.