Susan L. Fisher, CPA, Senior Manager, Accounting and Consulting Services

Susan graduated in December 1984 and has been working in public accounting since January 1985. She supervises team members within LGT’s Accounting and Consulting Services (ACS) Department. ACS provides accounting and tax services to a broad range of clients.

Recent Posts

Deferral of 2020 Required Minimum Distributions (RMD)

Generally, individuals are required by law to take an annual withdrawal from their IRA, Simple IRA, SEP IRA, or other retirement plan vehicles such as a 401K plan once they reach age 72 (or 70 1/2 before 2020).  They have until April 1st of the following year after reaching the required RMD age to take their first RMD payment.  Every year thereafter, they must take the RMD by December 31st.

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Topics: coronavirus, COVID-19, CARES Act, RMD

Attracting and Retaining Talent with Equity-based Compensation

Construction is a competitive industry!  In today’s business world, contractors aren’t just competing for projects; they’re also competing for a dwindling supply of new management talent and other skilled workers. Salary, bonuses, incentives, and other fringe benefits options may get individuals in the door, but the problem remains:  How to retain your talented employees as they move up the ranks?

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Topics: Construction, compensation

Don’t miss this: New W2, W3, 1099 filing due dates

Beginning with the 2016 tax year, the due date for filing Forms W-2 and W-3 with the Social Security Administration will be January 31, 2017, whether you are filing electronically or using paper forms.

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Topics: Accounting Tips, Tax

Lease Accounting Update

On November 11, 2015 the FASB voted 6 to 1 to move forward with new lease accounting guidance that would require companies to include lease obligations on their balance sheets.

Under current lease accounting standards, most leases are not reported on a lessee’s balance sheet and sometimes the amounts involved can be substantial. There are two types of leases—capital and operating. In a capital lease, the lessee recognizes an asset and liability on the balance sheet while under an operating lease, it does not.

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Topics: Auto, Accounting Tips, Construction

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