The commercial real estate industry is no stranger to big accounting changes – all we have to do is look at how fair value accounting impacted the industry. However the impending update to lease accounting has a potential impact beyond obvious accounting. The best way to prepare for this latest update is to consider the proposed changes for lessees and lessors in today’s lease transactions, anticipating what will follow in the next two to three years.
Impact of California’s New Adoption of Economic Nexus Rules for Sales and use Tax in Wake of Wayfair Ruling
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