Businesses Coping as Coronavirus Impacts Manufacturers
The coronavirus, thought to be one of the most significant global health emergencies of the decade, is affecting more than just public health. Businesses across the globe are coping with wild swings in the stock market, and because quarantine orders have forced many Chinese factories to delay production, U.S. manufacturers
How The End of LIBOR Could Impact You
LIBOR is widely used in the U.S. to as a basis for variable-rate debt and interest rate swaps. However, because of recent LIBOR manipulation scandals and other factors, Andrew Bailey, Chief Executive for the Financial Conduct Authority of the United Kingdom has “made clear the need to transition away from
Manufacturing Outlook Record High in 2019
The optimistic outlook for manufacturing companies in Kentucky, Ohio, Indiana and across the United States has reached a record high. It appears that many of the changes ushered in through tax reform combined with pro-growth policies enacted by the current administration are allowing manufacturing companies to seize new opportunities in
Are You Ready for Revenue Recognition?
SEE ALSO >>ASC 606 – Revenue Recognition Adoption Services When it comes to business, sports or life, success is all about timing. The winning play, getting the big project, or meeting the right person are all situations that share a common thread. The same can be said for revenue
Are you Ready for Revenue Recognition and Lease Accounting?
Barnes Dennig held its annual Accounting Standards Update Seminar at the Xavier Cintas Center last Fall. The discussion was led by Barnes Dennig Director, nationally recognized speaker, and Technical Director of the AICPA’s Center for Plain English Accounting and founding member of the Private Company Council, Tom Groskopf, CPA, CVA,
Changes to IRS Determination Letter Program: Is Your Plan Impacted?
The IRS has modified its practice for the review of the design of employee benefit plans, such as 401(k) plans. This practice culminates with its issuance of a determination letter, which provides assurance to the plan administrator that a plan is setup to meet current requirements. Effective January 1, 2017,