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What discussions should I have with my banker about the New Lease Standard?

What discussions should I have with my banker about the New Lease Standard?

By Kari Greene | Dec 6, 2022

The accounting lease standard, a topic of discussion since 2016, was postponed several times due to continued debate and COVID accommodations, but it is finally here. For privately held companies and

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Do I need to consider month-to-month leases under the new Lease Standard?

Do I need to consider month-to-month leases under the new Lease Standard?

By Kari Greene | Dec 6, 2022

ASU No. 2016-02, Leases (Topic) 842, changes the way your business will record any new or existing leases, and could significantly impact your financial statements if you lease assets. Under the new

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6 Steps To Prepare For The New Lease Accounting Standard

6 Steps To Prepare For The New Lease Accounting Standard

By Froehling Anderson | Nov 30, 2021

Readers of our blog will recognize this topic, as we’ve written about it before. There is a new standard that drastically changes the accounting for lease contracts that primarily affect lessees. As

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What You Need To Know About The New Lease Standard

What You Need To Know About The New Lease Standard

By Froehling Anderson | Nov 30, 2021

What is the new lease standard? ASU No. 2016-02, Leases (Topic) 842, dramatically changes the way your business will record any new or existing lease. The new standard will significantly impact your

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Retirement Plans and Meeting the Challenge of Regulatory Compliance

Retirement Plans and Meeting the Challenge of Regulatory Compliance

By Gail Thompson, CPA | May 27, 2021

Retirement plan sponsors face greater challenges today than ever before. Regulatory scrutiny is on the rise with the Department of Labor (DOL) actively reviewing Form 5500 filings searching for

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How to Prepare for Remote Audits

How to Prepare for Remote Audits

By Brandon Rosenthal, CPA | Mar 2, 2021

What’s the first thing you think of when you hear “financial statement audit”? Do you get anxious, start to sweat, or start doing mental math from the past year’s expenses?

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How to Create a Financial Budget with Froehling Anderson

How to Create a Financial Budget with Froehling Anderson

By Froehling Anderson | Sep 25, 2019

It’s proven--understanding your finances allows for better planning and operation. But what is the best option for your business? At Froehling Anderson, we can help businesses determine what

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How do I Manage My Business Expense Reports?

How do I Manage My Business Expense Reports?

By Froehling Anderson | Sep 6, 2019

Meals, travel and lodging expenses incurred by employees on the road may be deductible if properly managed. With changing rules on what is and isn’t deductible, it’s important to keep your business

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401k Audit

401k Audit

By Froehling Anderson | Aug 16, 2019

How can you ensure that you’re choosing the right firm for your 401k audit? How can Froehling Anderson provide value to your operations? Here, two of Froehling’s Certified Public Accountants answered

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