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Opportunity Zones Update: Key Dates and Benefits
Please join CLA professionals for this on demand webinar exploring the potential benefits of investing in qualified opportunity funds (QOF) at the following link: Opportunity Zones Update: Key Dates and Benefits : 2022 : Events : CLA (CliftonLarsonAllen) (claconnect.com)
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Employee Retention Credits – It’s Not Too Late!
Just a reminder that it is not too late to qualify for and submit amended 941 quarterly filings for the Employee Retention Credits (ERC). Previously, the receipt of PPP loan funds resulted in disallowance of qualifying for ERC; however, the Consolidated Appropriations Act of 2021 allows those entities that received PPP funds to also be […]
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CLA Webinar – Managing Sales Tax Compliance
Please join us for the Managing Sales Tax Compliance webinar on Wednesday, May 25th. CLAs Rance Morton : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) and Zach Tyson : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) will discuss managing today’s filing requirements for sales and use tax (SUT), which comes with it’s own set of challenges. Including personnel shortages […]
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Last but Not LEASED
In our sixth installment of our lease series, we bring the series to close. Previously we covered: Overview of the standard – The Path of LEASE Resistance Lease Identification – At the Very LEASED Determining lease term – New LEASE on Life Calculating discount rates – LEASE Common Denominator Accounting alternative and policies – LEASER […]
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LEASER of Two Evils
In our fifth installment of our lease series, we cover accounting alternatives and policies. As Aristotle wrote, “the lesser evil can be seen in comparison with the greater evil as a good, since this lesser evil is preferable to the greater one.” It is a stretch to say that Leases (Topic 842) is evil, but […]
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Digital: Technology, Data and Analytics – Move up the Continuum
Authored by: Ryan Merryman : Professionals : CLA (CliftonLarsonAllen) (claconnect.com)On the digital continuum some contractors are just getting started, some leverage sophisticated solutions across all aspects of their business and many sit somewhere in between. No matter your position today, even adopting small technological changes is a worthwhile step in the right direction, as the […]
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LEASE Common Denominator
In our fourth installment of our lease series, we discuss discount rate considerations used when present valuing future obligations related to leases. Discount Rate Once the term of the lease is determined, the next logical step is to calculate the amount of the right-of-use asset and lease liability by present valuing the lease payments over […]
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New LEASE on Life
In our third installment of our lease series, we discuss lease term considerations. Lease Term If we follow the wisdom of Confucius, “Life is really simple, but we insist on making it complicated”. As they say though, “the Devil is in the details.” This means, if we don’t pay attention to the little things, we […]
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At the Very LEASED
This is our second installment of our lease series. This week our discussion focuses on lease identification. Lease Identification Under ASC 842, a lease exists when payment is made by one party to another in exchange for the right to control the use of an identified asset for a period of time. Identified assets can […]
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Construction Inflation Report
Authored by Perry McGowan : Professionals : CLA (CliftonLarsonAllen) (claconnect.com) The last year has been awash with rising prices and supply bottlenecks though some construction areas have been hit harder than others. An obvious example is diesel fuel and gasoline. Prices for these highly visible and easily tracked commodities have risen by one third over […]
