Author Archives: Mike Mangold

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...

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...

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,...

Required Minimum Distributions RMDs under COVID-19

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

COVID-19: 401(k) Plan Employer Action List

COVID-19: 401(k) Plan Employer Action List The Families First Coronavirus Response Act “FFCRA” and Coronavirus...

Value in a 401(k) Audit

While cost is always a factor with any business transaction, the cost must provide the...