The straight line

Congrats to Robert Bell and Blake Miller for graduating the ConvergenceCoaching® 2020-2021 Spring Transformational Leadership Program™ (TLP)

The Transformational Leadership Program is a one-year accelerated “finishing school” for CPA and consulting firm new partners and emerging leaders. The TLP focuses first on individual mindset and behavior to drive change in thinking and personal responsibility, followed by strategies and actions to prepare them to lead their firm into the future. Congratulations to Robert...

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Iowa Tax Changes – Robert Bell, CPA, Auditor

Senate File 619 (SF 619) was signed into law on June 16, 2021 – this legislation makes a significant number of changes to Iowa tax law. Historically, Iowa has decoupled from federal bonus deprecation as the statutory definition of “net income” under Iowa Code required adding back federal bonus deprecation. SF 619 now conforms Iowa...

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Changes Coming to Future Employee Benefit Plan Audits – Ryan Taylor, Partner

In July 2019, the AICPA issued Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Report on Financial Statements of Employee Benefit Plans Subject to ERISA, which prescribed certain new performance requirements for financial statement audits of ERISA employee benefit plans and changed the form and content of the related auditor’s report. This...

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GASB Update – Elizabeth Thyer, Partner, CPA

The Governmental Accounting Standards Board has issued Statement No. 87 – Leases. This Standard was originally to be effective for reporting periods beginning after December 15, 2019, but was deferred to periods beginning after June 15, 2021 due to the COVID-19 pandemic. GASB Statement No. 87 requires the recognition of certain lease assets and liabilities...

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