Lease Standard Effects on Lessee
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 – Leases (Topic 842) which provided a new model for lease accounting aimed to improve transparency and comparability across entities. Although the ASU...
2019 Key Tax Fact Sheet
Download our 2019 Key Tax Fact Sheet to ensure you’re up to date. Rates included: Social Security, Medicare and Federal Unemployment Rates WI and MN Unemployment Rates Federal Minimum Wage Mileage Rates Retirement and IRA Contribution Limits Health Savings Accounts...
Employee Benefit Plan and IRA Quick Reference Table
The Internal Revenue Service has announced the cost-of-living adjustments applicable to dollar limitations for various qualified retirement plans and other amounts for 2018. While the pension plan deferral and catch-up limits did not change, many of the annual pension...
General Business: Revenue Recognition Standard
The recognition of revenue under current accounting standards requires the consideration of two factors; being realized or realizable and being earned. FASB believes ASU 2014-09 will significantly enhance the comparability of revenue recognition practices while also...