by Keiter CPA | Feb 24, 2022 | Articles, Expense Accounting, Income Taxes, Industry Accounting, Real Estate
February 24, 2022 By Amanda M. Mills, CPA, Tax Senior Manager Vacation Rental Amenities May Impact Tax Obligations Turning a spare room or vacation home into a short-term rental arrangement has proven to be a lucrative business opportunity and an income generator,...
by Keiter CPA | Feb 10, 2022 | Articles, ASC 606, Contractors, Industry Accounting, Revenue Recognition
February 10, 2022 By Brett Sinsabaugh, CPA, CCA, Business Assurance & Advisory Services Senior Manager In 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2014-09 which defines new guidance over revenue recognition that...
by Keiter CPA | Jan 18, 2022 | Articles, ASC 606, Contractors, Industry Accounting, Revenue Recognition
Summary provided by MaterialAccounting.com: This article provides insight and tips for consistency in contractor financial statement reporting under ASC 606. January 18, 2022 By Brett Sinsabaugh, CPA, CCA, Business Assurance & Advisory Services Senior Manager...
by Keiter CPA | Sep 2, 2021 | Articles, ASC 842, Lease Accounting
Summary provided by MaterialAccounting.com: This article explores the new lease accounting standard, ASC 842, and provides resources to ease the transition. September 2, 2021 By Colin M. Hannifin, CPA, Business Assurance & Advisory Services Senior Manager...
by Keiter CPA | Apr 22, 2021 | Articles, ASC 350, ASC 350-20, Featured, Impairment, Intangible Assets, US GAAP Accounting
Summary provided by MaterialAccounting.com: FASB updated guidance on goodwill impairment in March 2021. For private companies and not-for-profit entities, this means the goodwill triggering event evaluation process is simplified. Posted on April 22, 2021 By Amanda...
