Insight

WCS in I-95 Business: New Leasing Standards are Here

leasing standards | WCS in I-95 Business: New Leasing Standards are Here | Business Consulting and Accounting Services in Cecil County | Weyrich, Cronin & Sorra

Principal Karen Dojan, CPA recently contributed to I-95 Business Magazine with a helpful article all about the new leasing standards established by the Accounting Standards Update. Read on for a snippet and link to her full article. As always, please do not hesitate to call our offices for additional information and to speak to your representative about how this could affect your situation.

 

“After several postponements, including a one-year COVID-19 extension, the much-anticipated leasing standards established by Accounting Standards Update (AS) NO. 2016-02, Leases are nearing their effective date for nonpublic companies and non-profits. The new accounting standard will become effective for fiscal years beginning after Dec. 15, 2021, essentially starting with calendar year 2022 financial statements.”………….Read More.

 

Related Insights

The One, Big, Beautiful Bill Act extends many business-friendly tax provisions | accountant in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The One, Big, Beautiful Bill Act extends many business-friendly tax provisions

The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the…
Are you missing a valuable tax deduction for Medicare premiums? | Tax Preparation in Cecil County MD | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Are you missing a valuable tax deduction for Medicare premiums?

If you’re age 65 or older and enrolled in basic Medicare insurance, you may need to pay additional premiums to receive more comprehensive coverage.…
President Trump signs his One, Big, Beautiful Bill Act into law | Weyrich, Cronin & Sorra | accounting firm in Baltimore MD

Non-Profits

President Trump signs his One, Big, Beautiful Bill Act into law

On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax…

Connect with us

Use the form below to send us an email. WCS responds directly to all inquiries and general questions within 24 hours of posting.

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.