Read About - What Nonprofits Need to Know About New Lease Accounting StandardsFebruary 24, 2023
At a Glance
Main Takeaway
If you handle finances for a nonprofit, it is essential to understand issues related to lease accounting standards
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Read About - Selecting the Right Accounting Audit Partner for Your BusinessFebruary 21, 2023
At a Glance
Main Takeaway
Choosing the right accounting audit firm for your business is crucial to ensuring the integrity and accuracy of your financial statements
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Read About - Assurance Services for Business and Why It’s ImportantJanuary 26, 2023
At a Glance
Main Takeaway
Assurance services are essential to a business's financial performance and success and are especially needed for reporting purposes
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Read About - ASC 842 Guidance for Private Companies: Important Actions to TakeJanuary 4, 2023
At a Glance
Main Takeaway
Private Companies should seek ASC 842 guidance and consider the implementation efforts needed to meet the new lease accounting standards
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Read About - Know the Rules Regarding Late Employee Deferral DepositsDecember 12, 2022
At a Glance
Main Takeaway
Employers offering 401(k) plans for their employees are required to timely deposit employee salary deferrals and loan payments to the trust account each payroll cycle
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Read About - A Case Example: Applying ASC 842 New Leasing StandardsNovember 11, 2022
At a Glance
Main Takeaway
The new ASC 842 leasing standards went into effect for nonpublic entities on January 1, 2022
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Read About - Business Combinations and Accounting for Income Tax Under ASC 740October 28, 2022
At a Glance
Main Takeaway
Business combinations, in which an acquiring entity obtains control of another business (or multiple businesses), can yield revenue, eliminate competition, and allow companies to tap into previously inaccessible consumer markets
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Read About - Private Companies Unsure About Lease CostsAugust 22, 2022
At a Glance
Main Takeaway
A 2022 report from the Visual Lease Data Institute revealed a shocking truth about private company leases
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Read About - ASC 842 and Lessor Accounting ChangesAugust 22, 2022
At a Glance
Main Takeaway
The new ASC 842 lease accounting standard aims to increase transparency between companies and investors by establishing clear guidelines for proper lease management and lease accounting
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