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Top 10 Restaurant Topics In 2023
Keeping up with the ever-changing business environment doesn’t have to be taxing! Check out the top 10 restaurant topics we’re keeping an eye on. Labor Shortage and Wage Increase: […]
Tax Implications of ASC 842 Leases Implementation
After being delayed for numerous years, private companies are required to adopt and implement ASC 842 Leases starting in 2022 (if not already implemented). The good news is that although […]
Evaluating Your ROU Asset For Impairment
Overview and Guidance The adoption of Accounting Standards Codification (ASC) 842 Leases introduces new considerations that must be made regarding right of use (ROU) asset valuation and impairment. When evaluating […]
Year-End Audit Reminders
As we are now in early 2023, we are pleased to provide restaurateurs with an annual reminder of items to keep on the radar before the annual financial statement audit. […]
Performing Remeasurements Under ASC 842, Leases
During a lease term, it is common to receive modifications to the contract between the lessee and lessor, which could result in a change in either scope or consideration for […]
2022 Accounting & Auditing Update
Webinar length: 8 hrs. Today’s fast-paced world can leave little time to keep up with the increasing complexities of financial reporting and other regulatory changes. A little preparation can go […]