< Back to Insights Gallery E-BOOK | April 29, 2022 Authored by RSM US LLP The three priorities for financial services companies are IT needs, cybersecurity and technological innovation. You may have heard of the 50-20-30 rule. It’s a money-management technique that divides your paycheck into three categories: 50% […]
Taxpayers must properly document the value and reasonableness of management fees in order to sustain a deduction for payment of such fees to shareholders or related parties.
SAB 121 includes guidance for entities that have obligations to safeguard crypto-assets held for their platform users.
Executive Order provides an outline for next steps related to guidance and regulation in the digital asset space.
On March 9, the SEC released proposed rule amendments regarding various required cybersecurity-related disclosures.
Accurate and timely accounting is critical for any business’ survival. At the same time, it’s important for entrepreneurs to pour their energy into core business activities and not waste time on day-to-day bookkeeping. Unfortunately, the cost of setting up a full-time accounting department is prohibitive for small and mid-sized businesses. […]
Technology has no doubt changed the traditional way of doing things. Businesses and professionals are left with no choice but to adopt new technology to remain relevant in a changing environment. However, the successful adoption of this new age in accounting can happen only if you prepare your staff in […]
Auditing is crucial to ensure the accuracy and fairness of financial information. However, one of the biggest threats to audit reputation today is data quality. This is because of the large volumes of data that businesses produce today. To deal with so much data, auditors are now turning to data […]
Business accounting activities can be tedious when performed manually and are prone to errors. For these reasons, many businesses have shifted to accounting software that offers numerous benefits, including data accuracy, time savings, easier auditing and on-demand reports. With so many available options, it’s overwhelming to choose the right fit […]
Invoicing is an important process in any business. Unfortunately, it’s also a laborious process that requires accuracy. With technology advances, businesses have tried to use various means to ease the invoicing process. Some outfits send scanned invoices; others might transfer PDFs through email; and some still use manual invoices. In […]