GSA’s Rightsizing Initiative – What Does it Mean for MAS Contractors?

GSA’s Rightsizing Initiative – What Does it Mean for MAS Contractors?

At a Glance: The Full Story: The General Services Administration (GSA) launched a new initiative aimed at rightsizing its flagship Multiple Award Schedule (MAS) contract vehicle. This initiative aligns with the recent Trump Executive Order Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement. The MAS Program is the largest government commercial acquisition program worldwide…

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Congress Moves to Overturn Digital Asset Broker Reporting Rule: What Are the Implications for Businesses?

Congress Moves to Overturn Digital Asset Broker Reporting Rule: What Are the Implications for Businesses?

At a glance Schedule a consultation The full story: A rule titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales” is set to be overturned following bipartisan passage of disapproval resolutions in both the House of Representatives and the Senate. The move, undertaken under the Congressional Review Act (CRA), seeks…

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Aprio to acquire RSM US LLP’s Professional Services+ Practice 

Aprio to acquire RSM US LLP’s Professional Services+ Practice

ATLANTA – March 28, 2025 – Aprio and RSM US LLP,  have entered into an agreement for Aprio to acquire RSM’s Professional Services+ (“PS+”) practice operating in the U.S. and Canada. The transaction is expected to close on April 30, 2025, pending satisfaction of customary conditions.   The PS+ practice offers specialized resources, insights and integrated…

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Enforcement of BOI Reporting Suspended, Pending Forthcoming Rule Changes

The Treasury Department and FinCEN both announced they will not be enforcing fines or penalties associated with the upcoming March 21, 2025, deadline for Beneficial Ownership Information (BOI) reporting, pending forthcoming rule changes. Additionally, no fines or penalties will be enforced going forward for U.S. citizens or domestic reporting companies and their beneficial owners. Key…

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House Passes Budget Resolution

House Passes Budget Resolution

On Tuesday, February 25, the House of Representatives narrowly passed a budget resolution that would extend measures from the 2017 Tax Cuts and Jobs Act (TCJA) and enact additional spending cuts. Approval of the budget resolution is a key step in the budget reconciliation process, which is an expedited process lawmakers are relying on to…

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The Pulse on the Economy and Capital Markets: February 2025

The Pulse, February, 2025

To Summarize: The markets are sending mixed signals as global stocks are outperforming and U.S. small caps struggle. The Federal Reserve’s interest rate cut expectations are fading as inflation remains persistent. While corporate margins are improving and supporting earnings growth, consumers are becoming more cautious with discretionary spending. We unpack this and more in the…

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