by controllers | Jan 20, 2021 | Legislation, Trends
The past few months have given us a lot of change. From election season to the end of year craziness, businesses have been focused on staying ahead of the new landscape set to befall us over the next four years. From analyzing the tax proposals and hopes of the Biden...
by controllers | Jan 17, 2021 | Accounting, Legislation
Now a few years active and more than half a decade since its announcement, ASC 606 remains a key focus. Implementation issues remain a concern and many still have questions. In discussions at the conference, highlights from the Office of the Chief Accountant (OCA)...
by controllers | Dec 14, 2020 | COVID-19, Legislation
It looks like businesses suffering from the lockdowns likely have another round of PPP funding on the way. Passed after months of squabbling in both chambers, the Bipartisan Emergency COVID Relief Act of 2020 appears to be approaching passage. A wide-ranging proposal,...
by controllers | Oct 26, 2020 | Legislation
The lease rules are complicated. With public companies still working to clarify everything, private companies were given some recourse—a delay in adoption. But with the delay due in part to needed clarification, some of the changes were proposed in a recent letter...
by controllers | Sep 28, 2020 | COVID-19, Legislation
Are you ready to put 2020 behind you? You probably aren’t alone. But for those of you who have taken the Paycheck Protection Program loan, you still have a hurdle before you can truly wash your hands of the lockdowns and pivot toward the reality of 2021. In a blog...
by controllers | Sep 28, 2020 | Accounting, Legislation
You know the drill. The FASB introduces a new code. Most companies procrastinate or hesitate to implement it. The changes go live. You make the necessary changes and ask yourself, “why did we wait so long to adopt the changes?” After ASC 606 left companies scrambling...
