Recent articles
Qualitative Disclosures for the New Lease Accounting Standards: What You Need to Know
Learn about the necessary qualitative disclosures under the new accounting standards.
SFFAS 54: FASAB Lease Accounting Explained with a Full Example
This article discusses changes under the new FASAB standard, SFFAS 54.
GASB sets guidelines on notes to financial statements
Learn the new framework for disclosure requirements for state and local governments.
Managing the Going Concern Risk in an Uncertain Environment
In Brief The worldwide COVID-19 pandemic has affected businesses of every size in every country, and the United States has been hit particularly hard. Many businesses are facing increasing doubts about their ability to continue as a going concern, and the decisions...
IRS issues revised audit technique guide for cost segregation analysis
The Internal Revenue Service issued a revised Audit Technique Guide last week to help examining agents evaluate the validity of cost segregation studies submitted by taxpayers to substantiate accelerated depreciation deductions.These far-reaching updates were needed...
A Guide to IRS Mileage Rates for 2022 Taxes
Internal Revenue Commissioner Charles Rettig announced on June 9th that there’ll be increases in the agency’s mileage rates for 2022 taxes, a decision that coincided with members of Congress surmounting partisan differences and clamoring for increases. The changes are...