Resources

With the adoption of ASC 842 comes the opportunity to elect several practical expedients. The new leases standard provides lessees with a practical expedient, by class of underlying asset, to not separate lease and non-lease components. Many companies have made elections only to later discover they were not the best choices.

Join us on Thursday, June 4th at 2:00pm Eastern for a one hour, CPE accredited panel discussion related to new tax legislation as a result of the COVID-19 pandemic. You’ll learn how it will affect your clients, as well as how to take some simple steps to position your firm as a trusted partner and advisor, while also turning your attention to more profitable value-added services.

To comply companies and public entities will need to overhaul the information collected and how it is gathered and stored.

From tax preparer to tax planner

Trends in not-for-profits

As the coronavirus pandemic took hold over the past month, accountants' confidence in the economy dropped even further.

What You Need to Know to Achieve ASC 842 Compliance

Businesses are exploring any and all additional efforts needed to keep daily operations open, enhance liquidity, and add capital to the balance sheet.

The Accountants Confidence Index saw its biggest drop ever, as the scale and scope of disruption from the coronavirus became clearer.

Top trends in audit