ASC 842 Lease Implementation:
Don't Get Left Behind

Now that the ASC 842 lease accounting standard is effective, nearly all 2022 financial statements for calendar year companies will be impacted. Refresh your memory with our guide providing implementation resources exploring various topics, including lease agreements, calculations, internal control processes, and more.

The time to begin implementation is now, especially for the restaurant industry. Act now!

June 9th Webinar:
Restaurant
MasterClass

Have you started implementing ASC 842, or do you need a refresher on what is required to be compliant by the end of the fiscal year 2022? Join members of our Assurance team, including Dustin J. Minton and Kristin Romaker, as they share best practices and processes to ensure smooth implementation.

Single Audit
Requirement
Updates

Federal guidelines for Covid-19 relief funding have developed simultaneously as new funding streams have emerged. As a result, there is confusion regarding the applicability of Single Audits for recipients of federal dollars through the RRF and EIDL programs. Learn more by clicking here.

Reminder: PPP
Loan Forgiveness
and ERC Eligibility

If you obtained funds from the second round of the PPP program, your deadline for applying for forgiveness before receiving loan payment notices is likely now. It is also a good time to explore whether you are eligible for the ERC tax credit as payroll dollars used for PPP and ERC cannot overlap.

Dustin Minton

Director,
Restaurant Services

Kaz Unalan

Director, Tax & Business Advisory Services

Tom Powers

Director of
Assurance Services

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