Hanson & Co. CPAs has been working with individuals and privately held businesses in the Denver metro area for more than 40 years. While we work with companies across numerous industries, our professionals have focused experience serving companies in the construction, manufacturing, real estate, professional services, and oil and gas industries. In addition, we provide a variety of tax, accounting, audit, and consulting solutions to meet the diverse needs of our emerging, growth-focused, and established corporate clients.
Late last week the Financial Accounting Standards Board (FASB) voted to delay the implementation of new revenue recognition rules for one year. The new rules which change how construction companies and contractors recognize revenue proved far too comprehensive for companies to make the needed changes by the original deadline. This is good news for Colorado contractors because privately held companies will now have December 15th, 2018 to come into compliance. While there is some time before compliance is required it’s important to start planning now. Many of the mandated changes represent a significant change in accounting practices. To help clients understand how the changes will impact them; Hanson & Co., has provided a brief summary of the standard and impact below.
While the Supreme Court did not make and specific ruling about whether a breach of responsibility occurred the ruling does have a significant impact on plan administrators. By defining fiduciary responsibility as an ongoing requirement…
Hanson & Co. CPAs currently has an opening for an accounting staff professional in its Denver office, located just outside of the desirable Cherry Creek area. The qualified candidate will have an undergraduate degree in accounting. A master’s degree with an emphasis in accounting is preferred.