The new lease guidance (ASC 842) changes how companies account for their lessee transactions in a significant way.
HOW WILL IT IMPACT YOUR ORGANIZATION? On November 2, 2017 the House Ways and Means Committee Chairman introduced bill HR 1, the Tax Cuts and Jobs Act (“TCJA”), which proposes to make significant changes to how corporations and individuals are taxed.
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.