NSAC Happenings and Latest News - Page 53
More Than a Sense: 5 Innate Tools to Reduce Stress
When life is busy, it’s easy to neglect our well-being. We may think, “I don’t have time” or “I’m too tired,” but what’s more important than health? We can’t give our best to anything or anyone if we don’t make time for self-care. Simple truth: The more you invest in yourself, the more your body and mind will give back to your work, your relationships and beyond. According to ...
Read MoreThe Keys to Leading a Remote Team
Moving to remote work in a crisis mode oftentimes is a quick Band-Aid or bootstrap — but these basics will most likely serve as a solid foundation for the long-term evolution for firms to incorporate more of a remote-workforce business model. We’ve all just gotten a very big nudge to do it sooner. It may not feel like it now, but your future firm will reap the benefits of allowing more flexibility to staff — newer hires ...
Read MorePandemic Alters Lease Accounting Landscape
In addition to causing enormous disruption to health, safety, and the economy across the globe, the coronavirus pandemic has significantly altered the landscape for CPAs related to the lease accounting standard. The changes include a potential effective date delay of FASB’s new lease accounting standard for certain entities, including private companies; a monumental increase in the number of lease modifications requested by lessees ...
Read MoreLease Accounting Fallout from COVID-19
The coronavirus pandemic is upending the ability to collect and pay rents or other lease obligations, as well as hampering lease accounting and compliance with ASC 842. Without the right accounting tools to handle the various changes, companies may spend hours or days creating tedious workarounds to make adjustments for compliance requirements. Here are the significant areas of lease accounting that will be affected by Coronavirus or ...
Read MoreCoronavirus Relief Law Includes Tax Breaks for Paid Sick Leave, Family Leave
A package of coronavirus relief legislation that was signed into law Wednesday includes provisions for paid sick leave, family leave and medical leave, along with tax credits to help employers and the self-employed pay for them. The Families First Coronavirus Response Act also includes provisions for free coronavirus testing, enhanced unemployment insurance, expanded food security initiatives and increased Medicaid funding from the ...
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