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Tag: ASC 842

Hughes, Snell & Co., PA partners with LeaseCrunch to implement new lease accounting rules

how to file a tax extension

The new lease accounting rules went into effect for fiscal years beginning after December 15, 2021, and unfortunately, it appears as if many organizations are not ready.  Also worth mentioning, is that these new leasing rules have turned out to be far more difficult to follow than many firms and companies anticipated. The revised standard […]

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