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Is Your Company Ready For Agile Auditing?
Agility — or the ability to react quickly — is essential to surviving and thriving in today’s competitive landscape. Though agile techniques were originally used in the realm of software […]
Lease Standard Series: Evaluating Lease Agreements And Obligations
Our lease accounting series includes a comprehensive breakdown of implementation considerations, including: Lease tracking solution (Excel vs. lease software) Resources needed to implement and maintain Identifying the lease portfolio Evaluating […]
Now Is The Time To Focus On Lease Accounting Implementation
One positive outcome from the fallout of the global pandemic COVID-19 was the Financial Accounting Standards Board (FASB) decision to delay Accounting Standard Codification (ASC) 842, Leases, for privately held […]
Restaurants: Common 401(k) Administrative Errors to Avoid
401(k) plans are great options for many small businesses, including restaurants. They help your employees save for retirement, add appeal to the compensation package, and are deductible business expenses. However, […]
Restaurant Revitalization Fund Grant FAQs
Article originally published April 14, 2021 Last updated May 5, 2021 Update: On Friday, April 30th, the National Restaurant Association updated its frequently asked questions resource and provided an application […]
Franchisor Accounting Update – Recognition Of Initial Franchise Fees
Article originally published December 16, 2020 Last updated March 2, 2021 GAAP Update: Franchisor Revenue Practical Expedient Issue: In January 2021, the Financial Accounting Standard Board issued Accounting Standards Update […]