In today’s evolving commercial landscape — where tenants are rethinking space needs, pushing for flexibility, and upgrading aesthetics to reflect brand identity — leasehold improvements have taken center stage in both real estate strategy and financial reporting. When a company leases a new space, it often needs to make improvements to suit its business needs. … Continued
Determining the ownership of assets for leasehold improvements is vital for any company leasing space because it directly impacts leasehold accounting. When building out your accounting it is essential to clarify who owns these assets…
The adoption date for the new lease accounting standard has arrived, and you are probably identifying your timeline for implementation. This checklist will help ensure you stay on track and have all bases covered…
Implementing the new lease accounting standard can be a detailed and complex process — but planning the steps doesn’t have to be. CBIZ has developed guidance to help mitigate the challenges of your lease portfolio with an eye for how the pandemic may have changed your company’s fiscal landscape.