ASC 842 is a recent change to leasing standards that, among other things, requires companies to include leases longer than 12 months on their balance sheets. The ramifications of the new standard make it crucial for construction companies to get...
July 28, 2020 - As the economy fluctuates in response to the COVID-19 pandemic, construction companies are weighing everyday transactions with a new scale. The decision of whether to lease or buy construction equipment has always been a decision...
July 17, 2020 - There is a new incentive for businesses licensed with the North Dakota Secretary of State, and the first round of applications opens July 31, 2020. This program applies to certain businesses that incur costs to help reduce the...
May 7, 2020 - From creating new layouts of their shop floors to adding second and third shifts that allow production to continue with appropriate spacing, manufacturers are doing all they can to ensure a productive and healthy work environment....
June 7, 2018 โ The Tax Cuts and Jobs Act (TCJA) created many changes for both individuals and businesses. These changes include the repeal of the Domestic Production Activities Deduction (DPAD or Section 199) and the creation of the new Section...
May 8, 2018 โ One of the main goals of tax reform is to encourage reinvestment in U.S. domestic production. This is through several relief provisions in the Act, which both simplify tax accounting methods and open up more tax benefits. While we...
April 18, 2018 โ You already have enough to worry about between different project requirements, schedules, QA, and other thingsโdonโt let your accounting be another challenge. Letโs review what the Tax Cuts and Jobs Act means for manufacturers.
January 31, 2018 โ Last November, we examined the potential impact of Tax Reform on Choice of Entity. Since the Tax Cuts and Jobs Act was signed into law on December 22, 2017, taxpayers have been working through the changes to try and understand...
October 12, 2017 โ Manufacturers everywhere have a common charter to boost profits and increase market share. Some tried-and-true strategies to keep up with the competition include process automation, data-driven marketing, and smart inventory...
May 31, 2017 โ Recently, the Financial Accounting Standards Board issued an update that will significantly change the way in which lessees and lessors account for leases. The change, which takes effect in 2020, will require businesses to recognize...
