Lease

New Lease Accounting Standard: Is Your Organization Prepared?

By |2020-03-31T14:18:42-05:00March 17th, 2020|Accounting, Assurance, Change, FASB, Lease|

  In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 – Leases (Topic 842), which contains substantial changes in the accounting for leases by lessees: organizations which lease assets. The new lease accounting guidance will require lessees to record an asset and liability on the statement of financial position [...]

Iowa Farm Economy – How Things Shape Up for 2017

By |2017-04-24T09:26:29-05:00March 1st, 2017|Agriculture, Economy, Lease|

Susan Voss, CPA, one of the leaders of TD&T's Ag team, discusses the current Ag market and our economy. Along with an update on our status, she also provides some critical information regarding leases and how it could relate to your taxes. In previous newsletters, I have focused on how we can make it [...]

New Lease Accounting Standards

By |2017-04-21T12:51:55-05:00July 1st, 2016|Accounting, Lease, Nonprofit|

The Financial Accounting Standards Board recently issued Accounting Standards Update No. 2016-02. The guidance affects entities, including nonprofits, that lease assets (lessees) and is intended to improve financial reporting of leasing transactions. Under the guidance, lessees must recognize assets and liabilities for leases with lease terms of more than 12 months. This includes both finance [...]

Tax Planning Ideas for 2016

By |2017-04-21T12:53:14-05:00July 1st, 2016|Healthcare, Lease, Tax, Tax Planning, Tax Services|

Various factors influence the amount of income tax you will pay for the 2016 tax year.  Many taxpayers wait until late in the year or even after the end of the year before thinking about the tax ramifications of their actions in a given tax year.  If you have not already considered these issues, you [...]

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