For wideband transceivers operating at millimeter wave and terahertz frequencies, the implementation of conventional digital predistortion for nonlinearity mitigation faces significant challenges due to the limited availability and/or complexity of high-speed digital signal processing. In this paper, a simple received signal model is proposed for wideband system with nonlinearity and other practical impairments, such as transmitter (Tx) and receiver (Rx) I/Q imbalances (IQIs), carrier frequency offset (CFO), and phase noise, to enable low-complexity impairment mitigation. An expanded memory polynomial (EMP) model is firstly proposed to capture Tx IQI and the nonlinearity over the entire transceiver chain. Exploiting the CFO and a novel transmission protocol, a blind Rx IQI estimation is also proposed. The noise enhancement after Rx IQI and CFO compensation is then evaluated as a noise factor related to the mean-square-error of the Rx IQI estimation. As a result, the received signal of the wideband system is finally modelled as an EMP plus additive noises followed by a band-limited noisy receiver filter. Simulation results using a millimeter wave system with 2.5 GHz bandwidth and 73.5 GHz carrier frequency are presented to verify the accuracy of the EMP modelling and validate the theoretical analyses.