The Balancing Act

Weinstein Spira Blog

Weinstein Spira’s blog, The Balancing Act, provides helpful information on technical accounting and CPA firm culture.

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The Great Tax Sunset: How To Prepare

The Great Tax Sunset: How To Prepare

In December 2017, the Tax Cuts and Jobs Act (TCJA) was passed by Congress and signed by former President Donald Trump. This legislation reduced personal, corporate and estate taxes. Although many corporate tax changes were made permanent, most individual changes will...

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Is ASC 842 Lease Software Worth Utilizing?

Is ASC 842 Lease Software Worth Utilizing?

Does your company have a significant number of leases? Are you required to apply accounting under Accounting Standards Codification 842, Leases (ASC 842)?  If so, you may want to explore purchasing software to assist with accounting for those leases. Lease accounting...

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7 Re-Studying Tips After Failing the CPA Exam

7 Re-Studying Tips After Failing the CPA Exam

Are you facing another round of CPA exams? Don’t know where to begin? Having personally gone through the process multiple times, I know it can seem like an uphill battle, and feel as if you are alone on the field. But there are strategies, resources and other people...

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The Importance of a Holiday Shutdown

The Importance of a Holiday Shutdown

A holiday shutdown is when a business closes shop during a holiday and for a specified period—employees do not work, and business operations cease. Holiday closures during the last week of the year, a time where many businesses close for Christmas and the New Year,...

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Reference Rate Reform: What You Need to Know

Reference Rate Reform: What You Need to Know

Do you have debt or other agreements that utilize the London Interbank Offered Rate (LIBOR) as the benchmark reference rate?  If so, are you prepared for reference rate reform? Over the past years, there has been an effort to move away from the LIBOR and other...

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