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ASC 842 – The New Accounting Standard for Leases

ASC 842 – The New Accounting Standard for Leases

by paulagooch | Dec 9, 2022 | Silver Advantage Alerts, Steindler

By Harry A. Steindler, CPA – Partner What is ASC 842? – Summary ASC 842, the new standard for U.S. generally accepted accounting principles (U.S. GAAP) lease accounting, requires all leases longer than 12 months to be recorded as assets and liabilities on a company’s...

The Restaurant Revitalization Fund as Part of the $1.9 Trillion American Rescue Plan

by Jay Javier | Mar 23, 2021 | COVID-19 Resource Center, Silver Advantage Alerts, Steindler

Harry A. Steindler, CPA – Partner One year ago today, as we are writing this, Governor Pritzker ordered all restaurants and related food service businesses to stop “on-premises” consumption. The original order was to last two weeks. The rest is history – without a...

Happy New Year! It’s . . . 1099 Season!

by Jay Javier | Jan 6, 2021 | Client Accounting Services, Silver Advantage Alerts, Steindler

Out with 2020 and in with 2021! It’s time to prepare 1099s! That’s right, for us accounting geeks, we get to start focusing on getting those 1099s prepared and delivered – and we don’t need FedEx or UPS to get it done! To get serious for a moment (because we...

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