Business owners, have you considered creating a succession plan that also accounts for the possible departure of key employees?
Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?
Coming soon: Private companies and nonprofits that rent equipment, vehicles and real estate will need to update their accounting systems for major changes to the rules for long-term leases under U.S. GAAP.
Employer-Provided Disaster Relief & COVID-19
Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]
Why the new revenue recognition and nonprofit standards are significant for nonprofits
If you’re a nonprofit, be prepared for some potential major changes to the way you recognize revenue. Performing this new analysis will be crucial to understanding how to recognize revenue from your various funding sources.
