The Financial Accounting Standards Board (“FASB”) is providing some relief to private companies affected by COVID-19 by approving a delay in the implementation of certain accounting standards. The FASB acknowledges that many non-public business entities rely heavily...
On August 8, 2020, President Trump issued an executive order to defer the withholding, deposit, and payment of the tax employees pay towards Social Security starting September 1 through December 31, 2020. The order affects employees whose biweekly pay is below $4,000...
Prestigious list honors CDH leader’s efforts with Japanese individuals living in the United States ITASCA, IL (December 17, 2020)— Hikaru (Koh) Fujimoto, Principal and former Managing Principal of CDH, P.C. (CDH), was recognized as one of the 2020 Notable...
With most companies still preparing for the implementation of the new revenue recognition standards (ASC 606), a request was made to the Financial Accounting Standards Board (“FASB”) to delay the effective date of the new lease standards (ASC 842). In July 2019, a...
The biggest accounting standards change since the implementation of the Sarbanes Oxley Act back in 2002 is hitting the accounting profession – a change to the revenue recognition standards. This new standard, known as Accounting Standards Codification (“ASC”) 606-...
