Developing News

Clark Nuber PS Partners with LeaseCrunch

Clark Nuber is partnering with LeaseCrunch to assist organizations in implementing the new FASB lease accounting standard ASC, Topic 842.

LeaseCrunch is a cloud-based software solution that enables entities to more easily address the challenges created by the new lease standard,

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This article was originally posted on 8/19/2020. It has been updated to reflect news and updates as of 7/18/2022. 

7/18/2022 Update: In a July 18 message to members,

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Cryptocurrency Staking Rewards are Still Taxable

On Feb. 2, the IRS conceded a lawsuit filed by Joshua and Jessica Jarrett concerning the taxability of staking rewards for cryptocurrencies. This decision was initially greeted as a victory by the crypto-community,

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The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-07, Compensation-Stock Compensation (Topic 718) titled “Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards.”

The amendments in this update affect all nonpublic entities that issue equity-classified share-based awards and elect the practical expedient in this update.

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The digital economy has been redefining industry boundaries for years. The onset of COVID-19 only accelerated this trend in the manufacturing and consumer product space. More middle market companies are now attempting to sell directly to consumers online,

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The Employee Retention Credit (ERC) has ended early with the signing of the Infrastructure Investment and Jobs Act into law. Previously set to expire as of December 31, 2021, the credit has retroactively ended as of September 30,

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