July 10, 2025/Accounting and Auditing, Tax, Business Planning
What you need to know about the upcoming IRS E-Payment Mandate
Prepared by SL’s Tax Partners On March 25, 2025, President Trump signed the Modernizing Payments To and From America’s Bank Account Executive Order. Its goal is to phase out all paper-based federal payments and receipts—including tax refunds, payments, Social Security benefits, vendor payments, and lockbox receipts—in favor of electronic funds transfers (EFT) such as direct […]
July 10, 2024/Accounting and Auditing, Tax, Business Planning, Manufacturing
Top Three Manufacturing Trends for 2024
Earlier this year, BDO released our 2024 Manufacturing CFO Outlook Survey, which identified key manufacturing trends for the year ahead. To benchmark how these trends are evolving, we polled over 100 manufacturing professionals during our webinar, “Reshaping Manufacturing Resilience: The Evolving Role of CFOs in a Changing Landscape,” on April 9. Results from the webinar […]
June 14, 2024/Business Planning, Accounting and Auditing
Intuit’s Shift Away from QuickBooks Desktop: What It Means for Your Business
In late 2023, Intuit announced that it would no longer sell new subscriptions of certain QuickBooks Desktop products. This announcement marked a significant shift for the accounting industry, as well as business owners, since Desktop products have been a staple for many over the past few decades. The Details: Intuit will discontinue selling new subscriptions […]
May 9, 2024/Accounting and Auditing, Business Planning
Audit Firm Business Models – What Audit Committees May Want to Know
Audit Firm Business Models – What Audit Committees May Want to Know As the audit profession continues to evolve to satisfy changing business needs while prioritizing high quality audits for the investment community, firms are taking different approaches toward a sustainable future. These may range from maintaining traditional partner-owned entities that oversee cross-disciplinary functions in […]
January 3, 2024/Accounting and Auditing, Press Release
Smith Leonard PLLC Announces Retirement of Founding Partner Ken Smith
Smith Leonard PLLC, a leading Triad-based accounting firm, announces the retirement of Ken Smith, Founding and former Managing Partner, effective December 31, 2023.
December 29, 2022/Tax, Press Release, Accounting and Auditing
Smith Leonard PLLC Names Three New Partners
Smith Leonard is pleased to announce Patrick Willis as its newest Tax Partner/Member. He is a key technical resource for the firm, a mentor to many staff members, and an integral part of the tax leadership team.
December 22, 2022/Accounting and Auditing, Tax, Press Release
Smith Leonard Adds New Team Members
Smith Leonard is delighted to announce the addition of Jennifer Barbee-White and Jeanette Balazsi to the SL team.
December 9, 2020/Accounting and Auditing, Press Release
Announcing Scotti Teschke as Partner
Smith Leonard is pleased to announce Scotti Vaughn Teschke as its newest Assurance Partner/Member. She is a key technical resource for the firm, a mentor to many staff members, and is an integral part of the leadership team for employee benefit plan audits.
May 21, 2020/Accounting and Auditing
FASB Approves Deferral of Leasing and Revenue Standards for Certain Private Companies
FASB votes to approve the proposed deferrals of the effective date for ASC 842, Leases (“ASC 842”), and ASC 606, Revenue from Contracts with Customers (“ASC 606”), for certain entities.
April 14, 2020/COVID-19, Accounting and Auditing
FASB Votes to Defer Effective Date of Leases Standard (ASC 842) and Other Accounting Relief
FASB recently proposed a delay to the effective dates of its standards on lease accounting and revenue recognition for certain entities due to the challenges companies are experiencing associated with the coronavirus pandemic. FASB proposes that private companies and not-for-profit entities get an extra year to implement the lease accounting standard. At the same time, the proposed plan will give private franchisor companies an extra year to implement the revenue recognition standard.
