Rob Gunther and TJ Boyle, Frost, PLLC, 2016 Pork Management Conference

The FASB issued long awaited final guidance in early 2016 that requires lessees to include most leases on their balance sheets but recognize expenses on their income statements in a manner that is similar to today’s accounting. This session will address the impact of this new standard on a company’s financial statement as well as processes that will be needed to implement this standard. In addition, this update will include details related to new tax legislation, current estate planning laws as well as other noteworthy items producers need to be aware of regarding tax changes impacting agriculture and specifically pork production.