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FASB Delays Leasing and Revenue Recognition for Certain Organizations in Response to COVID-19

On Wednesday, May 20, 2020, the FASB voted to delay the effective date of ASU 2016-012, Leases and ASU 2014-09, Revenues from Contracts with Customers ...

FASB Delays Leasing and Revenue Recognition for Certain Organizations in Response to COVID-19

FASB Delays Leasing and Revenue Recognition for Certain Organizations in Response to COVID-19

On Wednesday, May 20, 2020, the FASB voted to delay the effective date of ASU 2016-012, Leases and ASU 2014-09, Revenues from Contracts with Customers

read more >

Application to Receive Funding for On-Road and Class 8 Fleet Vehicle Projects in Pennsylvania Now Available!

As you know from our previous articles (Volkswagen Environmental Mitigation Trust Fund), Volkswagen is obligated to fund various environmental trusts for

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Financial Fitness: Setting SMART Goals

This article was originally published in Wedgewood Life magazine and is reprinted with their permission. Happy New Year! As the calendar flips and a New

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Good News Regarding Excess Business Losses For Your Pass-Through Construction Business

If you own a construction business, you know all too well that one or more bad contracts can make or break the financial results for the year. If you were

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Financial Fitness - Are my personal finances on the right track?

This article was originally published in Wedgewood Life magazine and is reprinted with their permission. This is a frequently asked question by my clients

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FASB Delays Leasing and Revenue Recognition for Certain Organizations in Response to COVID-19

On Wednesday, May 20, 2020, the FASB voted to delay the effective date of ASU 2016-012, Leases and ASU 2014-09, Revenues from Contracts with Customers
Coronavirus, Tax
Jacob Clark | 5.22.2020

Ohio Unemployment Benefits for Self-Employed and 1099-Misc Filers

The COVID-19 pandemic continues to change our lives in ways we never imagined. The magnitude of the pandemic has resulted in a plethora of changes in both

ProLock Ransomware Attacks Overview and Mitigation Strategies

Diebold Nixdorf, a company that is a major supplier of Automatic Teller Machines (ATM’s) and software to financial institutions was infected by the

Individual Tax Planning Under COVID-19

Since mid-March, we have been in unprecedented times due to the COVID-19 Pandemic. The country has been shut down for more than two months and only now

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Documenting Paycheck Protection Program Requirements of “Need and Liquidity”

INTRODUCTION There has been significant, additional attention and scrutiny surrounding the required Paycheck Protection Program (“PPP”) loan

Ohio Programs Update May 20, 2020

Schneider Downs continues to track the evolving landscape of financial programs offered to small businesses disrupted by the coronavirus pandemic (“COVID-19”).

IRS Announces 2019 Marginal Well Credit

Natural gas well owners holding an operating interest in a qualified marginal well during 2019 are eligible to claim a credit of $0.08 per qualified MCF

Data and Technology Research Project Spotlight

In light of the ever-increasing use of technology-based tools by auditors and preparers, the Public Company Accounting Oversight Board (PCAOB) on May 12

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Cash Flow and Liquidity Planning Opportunities

Introduction The quote “cash is king” has never been truer than in the first half of 2020. The COVID-19 pandemic has thrust cash flow and liquidity

SBA Releases PPP Loan Forgiveness Application – With Instructions and Changes

This article was updated on May 17, 2020. Updates to this article will be made as new information becomes available. Schneider Downs continues to track

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