Private corporations on the clock following hold off

In early 2020, the COVID-19 pandemic added yet another ingredient of small business disruption for organizations to control although the helpful dates to comply for FASB’s new lease accounting requirements had been immediately approaching.

Adhering to a pandemic-related hold off, the new conventional can take result for entities within the “all other entities” classification for fiscal a long time beginning soon after Dec. 15, 2021, and for interim intervals within just fiscal many years commencing immediately after Dec. 15, 2022. The ramifications of the COVID-19 pandemic have affected companies in strategies we are nevertheless to entirely have an understanding of,

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Lead Paint Confusion Casts New Doubts on Private Management of Public Housing

When the New York City Housing Authority turned over hundreds of public housing apartments in Manhattan to a private management company last fall, the new managers were required to clean up any lead paint hazards lingering on the walls.

In June, the managers sent tenants notices that Harley Plumbing & Heating LLC would soon arrive to repair leaky water pipes — and that Harley’s owner, Steven Kofsky, was qualified to supervise any lead paint remediation if necessary.

To make sure the residents knew they were on top of their game, the company, Monadnock Development, provided tenants with Kofsky’s official documentation

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