The new lease accounting rules will have a big impact on the financial statements of construction companies leasing property, equipment, vehicles and other fixed assets.
Impact of New Lease Accounting Rules on Construction Companies
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Smith Schafer
Minnesota Legislature Passes Federal Conformity Bill
In their special session ending on June 30, 2021, the Minnesota legislature passed a federal tax conformity bill. Highlights of the bill are summarized here.
10 Reasons for a Business Valuation
Most business owners are reactive when it comes to having their businesses valued. But there are many times it pays to be proactive.
How has COVID-19 Affected the Manufacturing Industry?
The pandemic has caused severe financial and operational disruption in the manufacturing industry. Our industry experts have created and compiled several resources to help you tackle these challenges to navigate these unprecedented times.
Employee Retention Credit FAQs
The employee retention credit (ERC) was first introduced with the CARES Act in 2020, and subsequent tax bills have made the credit more widely available to businesses.
Retirement Tips for Business Owners
As a business owner, it is easy to imagine how the company you have built can play an essential role in financing your retirement. But do you have a strategy to make the most out of your money? It is easy to put your financial plans on the back burner for the sake of...