Brady Ware News

FASB Offers Reprieve from Updated Lease and Revenue Recognition Rules

FASB Offers Reprieve from Updated Lease and Revenue Recognition Rules If you’re feeling burned out from coping with extreme circumstances brought on by the COVID-19 pandemic, you’re not alone. Fortunately, the Financial Accounting Standards Board (FASB) and Congress are offering some compliance-related relief for certain entities. Deferral of Revenue Recognition Rules Let’s start with Accounting…

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FAQ: Claiming Medical Condition or Travel Exceptions to the Substantial Presence Test

FAQs on Claiming Medical Condition or Travel Exceptions to the Substantial Presence Test The IRS recently issued frequently asked questions (FAQs) for nonresident aliens who wish to avail themselves of the Medical Condition Exception or the Medical Condition Travel Exception to the substantial presence test. This is the test under which nonresident aliens are taxed…

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Important Considerations When Buying Another Construction Firm

Important Considerations When Buying Another Construction Firm Buying another construction firm can be an attractive way to grow your company’s revenue base. A merger or an acquisition can allow you to: Add a new subcontracting specialty, Acquire an experienced labor force to reach new markets, and Deepen your penetration into the market your firm already…

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New Supreme Court Rulings on Immigration and Discrimination Summon Attention

New Supreme Court Rulings on Immigration and Discrimination Summon Attention Employers that hire foreign workers may have a hard time filling certain job slots soon, if recent action by the Trump Administration survives legal scrutiny. The affected foreign workers are those who have been able to come to the United States using several categories of…

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Who Will Run Your Business After You?

Who Will Run Your Business After You? If you’re a business owner, do you have a plan in place that names who’ll follow you as head of your company? You may feel you’re too busy running the business today to waste time on long-term plans that seem so distant. But there may be more reasons…

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