New Tax Bill Proposed

You’ve likely seen news surrounding a deal to revive a Democratic reconciliation tax package.  The bill provides investment in clean energy, promotes reductions in carbon emissions, and extends popular ACA premium reductions.  The bill will be paid through the implementation of a 15 percent corporate minimum tax, budget increases for the Internal Revenue Service to… Read More

ASC 842 – Lease Accounting

What is ASC 842? The Financial Accounting Standards Board (FASB) has issued a new Accounting Standards Codification (ASC). This new standard will need to be adopted by all companies that have financial statements prepared in accordance with generally accepted accounting principles of the United States (GAAP). ASC 842 Accounting for Leases will now require operating… Read More