CPAs and Advisors with Your Growth in Mind

Accounting Methods Update

Catch up on significant changes in automatic accounting methods, impacts caused by new revenue recognition standards (plus which industries will be hit hardest), and info about the IRS’s new electronic payment of user fees. Ron Wainwright, CPA, Partner and National Leader of Federal Credits & Accounting Methods, gives you a quick breakdown of many key accounting methods changes – so you can get the critical information you need and move on, better informed and in the know.

Make Up to $310k in Retirement Contributions

Year-End Benefits Review Time? Cherry Bekaert Benefits Consulting can design a plan proven to maximize benefits and minimize risk. As you review your year-end benefits, we urge you to consider a Direct Recognition Variable Investment Plan (DR-VIP). What’s so great about a DR-VIP? Allows participants to contribute up to $310,000 each year; Provides unlimited investment options that are tax deferred and safe from creditors; Eliminates the risk of underfunding; and Approved by the IRS ( read how IRS used DR-VIPs to set the standard ). The Direct Recognition Variable Investment Plan does what other plan options cannot do: Optimizes retirement benefits for key employees, owners, and even partners Minimizes additional. Read More.

GASB Leases – What You Need to Know

The GASB recently issued a new standard on lease accounting. The goal of the new standard is to more closely align the accounting and financial reporting of leases with their economic substance. This guidance will treat all leases as “financing leases” and eliminate the difference between capital and operating leases. The standard will be effective for fiscal years beginning after December 15, 2019, but will be important in considering new and renewed leases in the coming months and years. This course will describe the pertinent details of the new standard and the effects of implementation.

Accounting for Leases – Part II

As a follow up to our earlier Leases webinar, this webinar will pick up where we left off. Now that we have recognized the lease on our books, we will discuss the impact during subsequent measurement on the balance sheet, income statement and statement of cash flows. We will also include a discussion of items to consider during implementation.