Brian Litman

It’s not uncommon for companies to have their financial statements prepared externally. The AICPA has just issued an exposure draft to better cover this area when your financials are done externally. For those companies who perform those services, heads up. If you are considering contracting a service to do your financial statements, then you may want to review this before contracting?As C-Suite Support, we do several members financial statements, as well as provide accounting services depending on the client’s needs. Paul Whitley Taber Wetz Chris Gauvin Jayson Potts, MBA C-Suite Support

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Is your audit committee up to speed on the most recent regulatory changes? Stay informed with our Q1 newsletter. #audit #accounting

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Need a break from reading the CAMT regs? Try our 2024 Q3 ASC 740 update! It's less than 1% of the CAMT regs by length and 99% more fun! Find our brief summary of the regs, a few planning tips for the new income tax disclosures in ASU 2023-09, and tax law updates from RSM's firms around the globe. #ASC740 #incometax #CAMT #tax #RSMUS https://lnkd.in/ev4cb5Wq

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How did we score on Vault’s annual ranking of top 25 accounting firms? Read here to learn about the 16 “Quality of Life” categories where we ranked in the top five for 2025. #culture #vaultrankings #PlanteMoran

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Shannon Hay with United Midwest Savings Bank discusses the imminent “silver tsunami” in the accounting profession. With 75% of AICPA members expected to be over a certain age in the next five years, there will be a significant wave of firm owners needing succession or transition plans. This demographic shift is creating a wealth of opportunities in the market. #Business #Leadership #AI #Expectations #Technology #SuccessionPlanning #Accountants #CPAs #FirmOwners

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Many new accounting standard updates and SEC regulations are going into effect in 2024. Learn more in RSM’s annual effective date reminder. https://rsm.buzz/41do7Bz

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On WGN-AM (Chicago), Sikich CEO Chris Geier talked about the role of trust in your team members and how it impacts job satisfaction, company culture, innovation and great client service. Read more here: https://lnkd.in/dxj-h4BW.

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The economic outlook is more positive than it's been in years, evidenced by the Fed's recent 50 basis point rate cut and today's blowout jobs report (https://lnkd.in/eWZg3aAj). The next business cycle is starting and manufacturers need to change gears. Here are some thoughts as the economy accelerates and additional rate cuts are on the horizon.

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Transparent communication with lenders and external professionals can significantly ease the restructuring process and aid businesses as they collateralize their assets to generate liquidity. Learn more in Sandor Jacobson’s recent article in Equipment Finance Advisor. #restructuring #liquidity #transformation

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