In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02, Leases (Topic 842), which made significant changes to lease accounting. These new rules...
Este artículo está disponible en español. ¡Haga clic aquí! It’s not uncommon for dealerships to receive large sums of cash as payment for vehicles. As you may know, your dealership is generally...
This article is also available in English. Click here!
The Tax Cuts and Jobs (TCJA) has many effects and the impacts felt vary from business to business, depending on the nature of the business as well the structure. Manufacturers and distributors will...
“Life moves pretty fast.” So observed Ferris Bueller back in the summer of 1986 — and that pace has only accelerated in the 30+ years since. Yet many not-for-profits continue to take an old-school...
The 86th Texas Legislature did not pass many tax-related bills, but those that passed could have significant consequences.
According to the Centers for Disease Control and Prevention (CDC), about 130 people die every day in the United States from opioid overdoses. As these numbers continue to rise, the misuse of and...
My name is Lee Ann Collins, managing partner of Lane Gorman Trubitt (LGT), a public accounting firm in Dallas, and this job is keeping me up at night.
As we become more conscious of our impact on the planet, businesses in many industries are adopting more environmentally friendly practices. This includes proactive auto dealerships that use more...
A few years ago, I wrote an article regarding lease options, and it caused quite a bit of fanfare. Due to numerous hits, we feel it’s time for a refresher as well as to dive into a little more...