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Recent News From Triumph

  • June 24, 2016

New Guidance on Accounting for Credit Losses has been Issued by FASB

The Financial Accounting Standards Board, or FASB, has issued an Accounting Standards Update (ASU) that improves financial reporting. This updated requires timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. This ASU was put in place to make sure organizations measure all expected credit losses for financial…

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  • June 7, 2016

Six Scorching Summer Safety Tips for Construction

Hot summer days present unique challenges to staying safe on the job site. Heat stress is increasingly being recognized for contributing to the rapid onset of fatigue, distraction, and mistakes. Here are some tips to keep in mind for your summer projects: Drink Plenty of Water: The average adult human body contains 50-65 percent water, meaning…

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  • June 6, 2016

Senate Members Oppose Tax Increase on New Tractors and Trailers

The Senate Concurrent Resolution 40 (S.Con.Res.40) was recently introduced by Sen. Cory Gardner (R-Colo.), expressing opposition toward increasing the 12 percent Federal Excise Tax (FET) on heavy trucks and truck bodies, according to the NTEA. FET is imposed on the first retail sale of heavy-duty trucks, trailers, semitrailer chassis and bodies, and tractors – trucks…

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