On December 22, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (CAA2021), which includes $892 billion in coronavirus stimulus spending. This long-awaited and highly contested piece of legislation ties coronavirus relief funding into a $1.4 trillion resolution for funding the federal government through September of next year. The nearly $900 billion in…
The FASB’s Accounting Standards Update (ASU) 2016-02 (“Topic 842” or “the new standard”) applies to both lessees and lessors, and it brings significant changes to balance sheets. The extra time granted by the FASB reflects the mammoth task ahead, which will require more work, more resources, and more time than most businesses realize. It becomes…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Cathy Bell. Cathy Bell joins the team as a Staff Accountant in the Emerging Business Solutions division. She has six years of previous experience as an accounting clerk. Outside of work, she likes spending time outside, camping and boating.…