Five FAQs about Embedded Leases
#1: What is an Embedded Agreement? According to ASC 842, a contract contains a lease if, “the contract conveys the right to control the use of…
Read More#1: What is an Embedded Agreement? According to ASC 842, a contract contains a lease if, “the contract conveys the right to control the use of…
Read MoreAs we kick off a new calendar year, now is the time that people tend to evaluate the past year, scrutinize where they are now…
Read More2020 has been a year filled with challenges and adversity like no other and has affected each and every one of us. The coronavirus global…
Read MoreIn the latest effort to help small businesses and individuals, the CARES Act was announced last week. This past Wednesday, the Treasury Department provided the…
Read MoreOn March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by…
Read MoreBMSS, LLC is proud to welcome nationally acclaimed, accounting industry expert and speaker, Michael Brand, to the firm as its newest member. A resident of…
Read MoreBy Susan Friend, CPA The Governmental Accounting Standards Board (GASB) Statement No. 89 (Statement), Accounting for Interest Cost Incurred before the End of a Construction…
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