Ask an Accountant: What Do the Upcoming Changes to IRS Funding Really Mean?
Whenever a new tax-related law is passed, business owners are naturally inquisitive as to the impact it will have on their enterprise. The recently signed Inflation Reduction Act has a handful of tax provisions, but the aspect that is generating the most attention is the increase to the staffing and budget of the Internal Revenue Service (IRS).
Ask an Accountant: What Construction Contractors Need to Know About the New Lease Accounting Standard for 2022
After granting a yearlong delay due to COVID-19, non-public companies must adopt the new lease accounting guidelines that greatly expands the financial reporting requirements for leases.
