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The Financial Accounting Standards Board issued an update to lease accounting, including a new transition option and practical expedient for lessors.

(Wine Business Monthly) For wineries and grape growers, the potential tax savings of the R&D tax credit could be significant.

A new qualified business income deduction provides tax relief to owners of certain domestic trades or businesses operating as pass-through entities.

On June 22, the Governmental Accounting Standards Board changed capitalized interest requirements for government entities.

On July 18, 2018, the Financial Accounting Standards Board released an update to improve upon certain guidance provided in the new lease accounting standard.

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