Author Archives: LSL Staff

2024 Clean Vehicle Tax Credits

At this time of year, we like to let our clients, who own or are...

COVID Audit Options Local Government Agencies Should Know

2022 Compliance Supplement for Single Audits On May 12, 2022, the OMB (United States Office...

Is Your City at Risk of a State Audit?

Is Your City at Risk of a State Audit? Each year, the California State Auditor...

Great News Found in the Final Ruling of SLFRF Funds!

The US Department of Treasury has issued their final ruling on SLFRF funds last week...

FASB Votes Against Extending the Lease Accounting Standard Due Date

Private Companies and Non-Profits Must Comply by Original Deadline. The Financial Accounting Standards Board FASB rejected...

Additional Guidance on the American Rescue Plan Act Funds: Recipient Compliance and Reporting

U.S. Department of Treasury issued more Guidance on June 17, 2021.  This guidance is related...

Newly Issued Guidance for the American Rescue Plan Act Funds

Fiscal Recovery Funds provisions, established by the American Rescue Plan Act (ARPA), identified four eligible...

Accounting for operating leases is SIGNIFICANTLY changing: Are you ready?

You may have heard about ASC 842 Accounting for Operating Leases. Perhaps it’s something you...

How to Change Accountants

How to Change Accountants Changing accountants could very possibly be the best thing you do...

What You Should Expect from Your CPA During an Audit | For Privately Held Companies

You’ve just been told you need a CPA audit by your banker to satisfy covenants,...

Tax Planning 2020 – Part THREE

Part THREE: Required Minimum Distributions and 401(k)s SO much has happened this year and SO...

Tax Planning 2020 – Part TWO

Part TWO: The CARES Act, Net Operating Losses, and Cash Flow So much has happened...

Tax Planning 2020 – Part ONE

Part ONE: The Pandemic (PPP loans), The Election, and Technology INSIDER’S TIP: Start Tax Planning...

Required Minimum Distributions RMDs under COVID-19

What Is an RMD (Required Minimum Distributions) and What You Need to Know As your...

General Liability and Environmental Liability Coverages Are Two Different Things

Understand the Difference Between General Liability and Environmental Liability and Check Your Needs at Least...