Direct Financing Lease Definition
A direct financing lease is a financial arrangement where the lessor acquires assets from a company and leases them to its customers to generate profit from the interest payments.
Recent Articles
Clarifications on Accounting Rules for Retainage
July 25, 2025 By Keiter CPAs Ongoing Uncertainty Around Retainage The implementation of ASC 606 has brought about vast changes in how companies, particularly those in the construction industry, account for contracts with customers. Despite 6 years of ASC 606...
Staff Spotlight: Courtney Corallo
July 25, 2025 By Keiter CPAs Finding the right fit at Keiter Courtney Corallo, Business Assurance and Advisory Services Senior Manager, joined Keiter in 2012 and quickly discovered it was the perfect setting for her personal and professional development. Though she...
Qualified Small Business Stock Changes Under the ‘One Big Beautiful Bill Act’
July 23, 2025 By John T. Murray, CPA, Partner QSBS: New H.R.1 provisions provide opportunities for tax, estate, and exit planning Before the 2025 reforms in the One Big Beautiful Bill Act (OBBBA), the Qualified Small Business Stock (QSBS) rules under Internal Revenue...
is Gain on transfer trade taxable?
Two UK resident companies under common ownership, one transferred its trade to the other connected entity (intercompany), the asset transferred at TWDV (tax neutral) however the buying entity paid the consideration over the value of assets which created a gain on the...
Tax Benefits of Manufactured Housing Communities for Investors and Developers
July 21, 2025 By Paul Staples, CPA, Partner H.R.1, The One Big Beautiful Bill Act, offers tax saving and planning opportunities for MHCs Manufactured housing communities (MHCs), commonly known as mobile home parks, have long offered a unique blend of affordability,...
ATT or CTA Which Tax Qualification Should I Pursue
Hi all, This is my very first post on AccountingWEB.... so go easy on me if I’ve posted in the wrong place, misused a semi-colon, or triggered a turf war between ATT and CTA purists. A bit of background: I’ve completed ICB, AAT (FMAAT), and ACCA. I currently work in...
Cash or Accrual Accounting: Choose Carefully for Your Small Business
To manage their finances and accurately file their taxes, most small business owners must choose between two accounting methods: cash or accrual. This choice directly affects how and when you report income and expenses, and it can significantly impact your tax...
What does Companies House know that DBS doesn’t?
Many years ago my wife and I had to pay the Disclosure and Barring Service (DBS) for basic criminal record checks to satisfy some anti-money laundering condition of a professional indemnity insurance policy of ours. You and your clients may have taken part in a...