What to Know about Business Interruption Insurance!

Anita Zimmer, CPA, ABV, CFF explains to businesses what to know about business interruption insurance. In addition to insurance for physical damages, most business policies include coverage for Business Interruption (BI) to compensate for lost profits during a period when the business cannot operate.  In general, this coverage is available when the business occurs a… Read More

New Lease Accounting Standard – Update

What are the Potential Impacts of the New Lease Accounting Standard? Wegmann Dazet’s Bryan Whalen, CPA describes how the update affects your leases and accounting. By now most businesses have at least heard about ASC 842. That’s the new lease accounting standard that goes into effect for all non-public entities for fiscal years beginning after… Read More

New ERC Guidance Issued by the IRS

The long awaited guidance of the Employee Retention Credit has finally been released.  Wegmann Dazet’s Frank Holzenthal, CPA summarizes the new ERC guidance issued by the IRS. The first section of the new ERC guidance issued gives guidance on provisions related to the ERC for the 3rd and 4th quarters of 2021, and the second… Read More