One of the biggest corporate tax reforms under the Tax Cuts and Jobs Act is the reduction of the corporate tax rate from the highest marginal rate of 35% to a flat 21% rate. The…
Prices for commercial real estate are trending up in many parts of the country, and interest rates may soon follow, although at a slower pace. In such an environment, some property owners are starting to…
New rules are poised to take effect that could fundamentally change how many in the real estate industry will account for their revenue. Public companies must apply Accounting Standards Update (ASU) No. 2014-09, Revenue from…
Summary: ASC 740 requires that companies record certain impacts of tax reform (The Tax Cuts and Jobs Act) in the period in which the reform has been enacted. Certain technical implementation questions have repeatedly arisen…
