By Stephanie Loiland, CPA Many companies choose to lease assets for a period of time instead of buying them outright. If you’re in this situation, it’s important to know whether you’re dealing with a capital lease or an operating lease. That’s because the type of lease will affect how you record it—and the payments you […]
You’re Ready to Establish an ESOP — Now What?
By Kyla Hansen, CPA, CVA The decision to establish an employee stock ownership plan, or an ESOP, should never be taken lightly. It’s important to not only understand if an ESOP is right for your business but also to determine if it’s even a viable option. If you’ve done your due diligence and are ready to […]
Thinking of an ESOP for Your Business? 4 Factors to Consider
By Kyla Hansen, CPA, CVA Establishing an ESOP, or an employee stock ownership plan, might be the right option for your business, you, and your employees. If you’re thinking of implementing an ESOP, here are four factors you should consider first. Your expectations for the sale. Do you wish to turn over your business to your […]
5 Reasons Why Employee Ownership Could Be Right for Your Business
By Kyla Hansen, CPA, CVA An employee stock ownership plan, or an ESOP, is a retirement program that allows its participants to be owners of the company for which they work. As a business owner, you might consider an ESOP as a way to provide a valuable benefit for your employees. But this isn’t the […]
Top 5 Ways the New Revenue Recognition Standard Will Impact the Construction Industry
By Kyla Hansen, CPA There’s been a lot of talk about the new revenue recognition standard and the effect it could have on the construction industry. Although the standard, known as Accounting Standards Update (ASU) 2014-09, was first issued by the Financial Accounting Standards Board (FASB) in 2014, it goes into effect for privately held […]
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