Business
Risk

Now Is the Time for Contractors to Prepare for the New Lease Standard

Contractors need to make sure they have systems in place to properly implement the new lease accounting standard, and they should be discussing any changes to their financial statements with their lenders and surety underwriters.
By Ira Kantor and William A. Clark Jr.
March 14, 2019
Topics
Business
Risk
by Ira Kantor
Ira Kantor is a Tax & Business Services director in the Accounting Services department of Marcum LLP. He specializes in working with closely held businesses in the construction industry, including large general contractors and specialty sub-contractors, and serves as Long Island regional leader for the firm’s national Construction Industry Group. Marcum LLP is a national accounting and advisory firm with offices in major business markets throughout the U.S. and overseas. Marcum's Construction Services Group provides audit, consulting, and taxation services to clients ranging from start-ups to multi-billion-dollar enterprises.
by William A. Clark Jr.

William A. Clark, Jr. is an Assurance partner at Marcum LLP, based in the Nashville office, and a member of Marcum's national Construction Industry Practice group. Mr. Clark has more than 23 years of experience in public and private accounting for construction contractors. Marcum LLP is a national accounting and advisory firm with offices in major business markets throughout the U.S. and overseas. Marcum LLP's Construction Services group provides audit, consulting, and taxation services to clients ranging from start-ups to multi-billion-dollar enterprises. In addition to the quarterly Marcum Commercial Construction Index, the group publishes the annual Marcum JOLT Survey Analysis, a discussion of employment trends in the construction industry. The Marcum Construction Summits are presented annually in various markets around the country.

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