Article Archives: Matt Medlin

Think Before You SPAC

Merging with a special purpose acquisition company (SPAC) is a quick, easy, and low risk way to turn your great work as a company into untold riches. But unfortunately, before we go on, we must focus your attention on the date of our article – April Fools!!

Now, some elements of the opening sentence are true. Merging with a SPAC is a­ way to turn your hard work as a company into … something different than what it is today. There is no doubt SPACs are a tool to change the capitalization of a company, and, when done correctly, they can be excellent vehicles for improving an organization.

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Posted by: Matt Medlin

We recently had the opportunity to speak with professionals in the local venture capital community to get their perspective on how the COVID-19 pandemic has impacted their businesses. Over the course of our interviews, we noticed a few recurring trends and observations worth sharing. Here’s what we learned from our discussions:

Deal Making

Perhaps unintuitively, venture capital deal-making has continued to grow, hitting record highs amid the pandemic. Although there was an initial pause in investing during March to May of 2020, those we interviewed said fund managers have adapted to the changes quickly.

Investors have been pumping in money,

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Posted by: Matt Medlin

As spring ebbed into summer this past year, the economic impact of the pandemic inflicted severe stress across all economies and geographies. The U.S. government responded with stimulus through various means, including the CARES Act and its now renowned Paycheck Protection Program (PPP) loans. Many state, county, and municipal governments also responded with aid to businesses, including eviction moratoria, grants, and other fiscal aid.

These efforts were well placed, and they have often provided businesses the help needed to pay their teams and to keep their business afloat. The programs have also demanded significant time from business owners, operations leaders, and financial executives.

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Posted by: Matt Medlin

By Matt Medlin, CPA, CFE, CFF

April 21, 2020 update: To provide accounting relief and clarity during the COVID-19 crisis, the FASB published an exposure draft with proposals to delay the effective dates for Leases (Topic 842). Find more information here.

The FASB has issued its much anticipated new rules on accounting for leases.

This will cause virtually all leases and rental agreements lasting more than a year to be shown as liabilities on the balance sheet, with an offsetting asset representing the right to use the asset.

So every office lease,

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