The new lease guidance (ASC 842) will change how lessees account for leasing transactions in a significant way.
Massachusetts continues to provide significant tax benefits to corporations that are engaged in manufacturing activities within the state.
Effective January 1, 2016, the PATH Act provides a payroll tax credit offset of up to $250,000 for qualified small businesses.
SOX compliance is important, but so is managing a business.
The SEC indicated in a speech in December that they expect more substantial disclosures in 10-Ks on the impact of ASC 606 and companies’ progress.
In August 2016, the FASB issued ASU 2016-15, Clarification on Classification of Certain Cash Receipts and Cash Payments on the Statement of Cash Flows, to create consistency in the classification of eight specific cash flow items.
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