Understanding Leases under US GAAP: A Practical Guide for Businesses Leases are a critical part of financial reporting, especially for companies that rely on property, equipment, or technology assets. Under US GAAP, lease accounting is governed primarily by ASC 842 – Leases, which significantly reshaped how businesses recognize and report

UK Tax Law Updates Coming in 2026 What You Need to Know Introduction As the UK tax system continues to evolve, 2026 is shaping up to be a landmark year for several major reforms. From digital reporting to inheritance tax changes, these updates will affect businesses, individuals, and property owners.

Understanding IFRS 15: Revenue from Contracts with Customers By Ultramindhive – Your Partner in Financial Services & Bookkeeping What is IFRS 15? IFRS 15, formally titled Revenue from Contracts with Customers, is an international accounting standard that sets out how businesses should recognize revenue. It became effective from January 1,