The recently passed appropriations bill includes the long-awaited SECURE (Setting Every Community Up for Retirement Enhancement) Act and other retirement-related rules. This act went into law on January 1, 2020. This is the most significant change in retirement plan rules since 2006. Here is a summary of the major components: The minimum distribution age increased […]
Chris Eichmuller, CPA is a senior manager at Corrigan Krause. In 2019, we learned about revolutionary new methods of cleaning and organizing our homes and workspaces. We here at Corrigan Krause do not recommend throwing away everything that does not spark joy – as that would likely make your 2020 tax season even more difficult […]
Looking at Leases with Molly Stinn: A Six-Part Series Molly Stinn, CPA, is an Equity Director at the firm. The new lease standard presents sweeping changes in the way we think about and record leases in our financial statements. Previous blog posts have discussed elements of the new standards specifically. Understanding the impact of the […]
Looking at Leases with Molly Stinn: A Six-Part Series Molly Stinn, CPA, is an Equity Director at the firm. FASB ASC 842, Leases, otherwise known as the new lease standard, requires many changes in how we account for leases. The biggest impacts of the new standard will be (a) felt on the balance sheet as […]
Looking at Leases with Molly Stinn: A Six-Part Series Molly Stinn, CPA, is an Equity Director at the firm. The new lease standard has revolutionized the way we report operating leases. By definition under the new lease standard, an operating lease is “an agreement that has an identified asset and a right to control the […]
