by David Craig | Mar 14, 2018 | Accounting Rules/Changes
It’s hard to argue with the SEC’s position that off-balance- sheet treatment of leases allow companies to easily make a finance purchase appear like a rental contract. Using current accounting standards, lessees are able to legally keep over 85 percent of...
![Companies Should Update Lease Accounting Systems]()
by David Craig | Nov 22, 2015 | Accounting Rules/Changes, Section 179
As the account year comes to an end, there is a major accounting change coming in 2016, with the FASB’s vote to proceed with its new standard for reporting lease obligations starts the clock ticking. The FASB board voted to proceed with the standard, which will...
by | Oct 12, 2015 | Accounting Rules/Changes, Equipment Leasing, Section 179
I am often asked by clients about Tax Benefits / Section 179 of the U.S. Tax Code for new / used equipment purchases. As businesses look to minimize their tax liability, Section 179 is the best Tax Benefits tool the government has to stimulate small and medium...
