GAAP - BMSS, LLC

One Big Beautiful Bill Act: Implications for Accounting for Income Taxes

President Donald Trump signed the reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) into law July 4, 2025, which is considered the enactment date under

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 identified property, plant, or equipment

BMSS Presents: Implementing the New GAAP Lease Standards

After a number of delays and postponements, Accounting Standards Codification (ASC) 842, Leases, is finally here. Join us as Mike Cheng, National Professional Practice Partner with Frazier & Deeter, and

One Big Beautiful Bill Act: Implications for Accounting for Income Taxes

One Big Beautiful Bill Act: Implications for Accounting for Income Taxes

Five FAQs about Embedded Leases

BMSS Presents: Implementing the New GAAP Lease Standards

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