Tag Archive: "Construction"
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FASB’s New Lease Standard Must Not Break You
The development and implementation of Financial Accounting Standards Board (FASB), Accounting Standards Codification (ASC) 842, Leases, played out much like the plot of the 1985 classic, Rocky IV. After Rocky Balboa reclaimed his championship title from Clubber Lang, he planned to relax and spend time with his family. Unfortunately for Rocky (SPOILER ALERT), Ivan Drogo […]
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Cost Segregation and Qualified Improvement Property Studies
With rising material costs, continued supply chain issues and prolonged labor shortages affecting the construction and real estate industries, now might be a great time to consider a cost segregation study for real property acquired, constructed or improved over the last 10 to 15 years. Cost segregation is a tax planning tool used to defer […]