Recent articles
Regulation CC Threshold Increases – Best Practices
Regulation CC was amended by the Board of Governors of the Federal Reserve System (Board) releasing a finalized rule to formally adopt a methodology for inflation adjustments. The finalized...
First Time 401(k) Plan Audit Guide: Rules, Deadlines and Requirements
Your company’s first 401(k) plan audit is due; do you know where to start? Plan sponsors and administrators have a fiduciary duty towards the plan, so ensuring your audit begins and ends on...
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Sublease Accounting under ASC 842 Explained with an Example
What is a sublease? A sublease under ASC 842 is a transaction in which an underlying asset is re-leased by the original lessee to a third party, and the lease agreement between the two original...
How to Replace Excel as Your Lease Accounting Solution in Four Steps
Accountants often recall the stress of meeting early deadlines when new lease accounting standards were introduced, at the mere mention of “ASC 842”, “GASB 87”, or “lease accounting,”. For...
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Questions to Ask When Replacing Your Lease Accounting Solution
Even if you know it’s time for something new, replacing your lease accounting solution can feel like a daunting task, akin to re-implementing your data from scratch. If you are looking to...
HMRC at 20: A taxing journey from merger to milestone
Happy birthday, HMRC. This April marks two decades since the Inland Revenue and Customs and Excise merged, marking a significant milestone in the UK tax administration. HMRC may have reached...