Tag Archive: "#CLA"
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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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The path of LEASE resistance
It always amazes me the infinite possibilities that we encounter every day. Each decision results in new opportunities and challenges. Minor decisions that we think little of could have significant implications. When setting off on any journey, it is important to plan out your path and try to mitigate obstacles, so you do not lose […]
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ERC Grants, Accounting Considerations
By now many businesses have applied for and received Employee Retention Credit (ERC) grants. Now you likely have questions regarding accounting for and reporting of these transactions. Accounting Considerations Construction entities who receive ERC grants likely analogies to one of the following accounting alternatives: IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, […]
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Things Have Changed, Pass Through Entity Tax
By now you may have heard that many states have enacted state pass-through entity-level taxes (PTET). We discussed this in a previous blog State Pass Through Entity Election – Is it right for your business? We would now like to explore the accounting treatment for this matter. Accounting Considerations FASB ASC Topic 740 provides guidance […]