October 31, 2019/Furniture Insights
October 2019 Furniture Insights
Orders are down 3% and shipments are down 6%, but mood and sentiment were strong during the latest furniture market, according to our most recent Furniture Insights.
Reminder Regarding Common Taxable Fringe Benefits
As 2019 draws to a close, we would like to remind you of the importance of reporting the proper inclusion of common fringe benefits in taxable wages for employees, officers, and shareholders. Fringe benefits are defined as a form of pay-for-performance of services given by a company to its employees as a benefit and must be included in an employee’s pay unless specifically excluded by law.
October 18, 2019/Accounting and Auditing
FASB Defers Effective Dates of Major New Accounting Standards
At its October 16, 2019 meeting, the FASB affirmed its decisions on two proposed Accounting Standards Updates (ASUs) to extend the deadline to implement FASB standards on current expected credit losses, leases, hedging and insurance that are not yet effective for some or all companies.