surety Archives - Florida Surety Bonds

Retainage and Prompt Payment Statutes

Don’t let the Public Owners hold your money! Don’t let the Public Owners hold your money! Some Florida Municipalities may not know that the amount of the allowable retainage was changed effective October 1, 2020. The links to the appropriate statutes are listed as a Resource on the Florida Surety Bonds website. Retainage being held [...]

New accounting requirements for leases take effect

We recently learned from Withum, CPA's that the Financial Accounting Standards Board long anticipated new accounting rules for leases is now in effect for nonpublic companies whose fiscal year began after December 31, 2021. In simple terms, most every lease for lessees will no appear on a company's balance sheet. The present value of all [...]

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