Accounting for Leases: Accounting Standards Codification (“ASC”) 842: Overview of Capital (Financing) Leases under ASC 842 Main changes from prior lease standard Under ASC 842, capital leases will now be called “financing” leases. Furthermore, the criterion for...
By Koh Fujimoto, Support cross-border life In this article, I demonstrate how giving up Japanese citizenship affects taxation under the Japanese inheritance laws. In short, under the circumstance that I describe, the Japanese tax authority only can tax you your assets...
Further COVID-19 Relief for Businesses Illinois Governor JB Pritzker released an overall economic recovery strategy, including a $250 million Back to Business (B2B) grant initiative. The recovery plan aims to assist small businesses that experienced significant...
Support cross-border life This chart is on the website of the Japan Pension Service. [i] In this article, I want t to explain why the WEP provision of the Social Security system should not reduce your U. S. Social Security benefits simply because you are receiving the...
Support cross-border life From May 2022, if your Japanese spouse participates in Japan’s National Pension, he or she becomes eligible to participate in iDeCo. [i] (I am going to use “she”.) iDeCo’s name came from an Individual-type Defined Contribution pension plan....
