Whether we like it or not Accounting Standards Codification (ASC) 842 is here. Labor unions have a lot on their plates and a new accounting standard on leases may not be at the top of the priority list. However, the time is now to implement if you haven’t done so already.
In a "right-to-work" state, private-sector employees have the option to choose whether or not they want to join a union. In other states, a person applying for a private-sector job where employees are unionized can be required to join the union as a requirement of being hired.
The American Rescue Plan Act expanded Paycheck Protection Program (PPP) loan eligibility to certain labor unions and employee benefit plans.
As Internet Explorer will discontinue browser security updates by August of 2021, this site is best viewed using Google Chrome, Safari or Microsoft Edge.
