Andy Detling

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    ASC 842 Is Here For Private Companies – Are You Ready?

    Posted by Andy Detling on Aug 4, 2022 9:42:19 AM

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    The Financial Accounting Standards Board issued new lease guidance to provide greater transparency and disclosure around companies’ lease portfolios, and the new standard significantly changes the accounting for certain leases compared to the old standard. There are many technical details that companies need to work through, and the post below provides a high-level overview of the key issues and steps to consider for your business. 

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    Topics: Takeaways, brixey and meyer, Tax, Tax Team, Tax updates, meal deduction, New Year, Business Meal Expense

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