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Category: Audit & Accounting

Accounting for Leases

June 12, 2018 by Sue Thompson
Audit & Accounting, Copeland Buhl
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 Leases early in 2016.  The primary purpose of the new standard is to present on a balance sheet leases that otherwise would have been treated only as an expense in an income statement.  The standard impacts those who...
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Banking Rule Changes

December 13, 2017 by Cat Tucker
Audit & Accounting, Copeland Buhl, Tax Services
The banking rules for businesses are changing effective May 11, 2018, however some banks are implementing the changes early. Therefore, next time you open a business bank account, or renew your line of credit, don’t be surprised if they ask for additional information regarding the individual owners of the business....
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