lease-deferrment

Accounting for Lease Concessions Due to COVID-19

The COVID-19 pandemic has created significant economic hardships for individuals and businesses. As a result, some have received concessions related to the payment of lease obligations. The Financial Accounting Standards Board (FASB) has issued a Q&A document to provide guidance regarding the accounting for these scenarios. Because the effective date of the new lease accounting…

Juncos Racing Building

Juncos Racing Opens New Facility in Speedway!

After four years of planning and construction, Juncos Racing has opened their brand new headquarters located in Speedway, IN. This 40,000 square foot state-of-the-art facility is equipped with office spaces, eight car bays, a paint booth, simulator room, and machine shop along with parking for multiple transporters. Coming from Argentina with nothing more than $400…