Accounting Insights
- May 20, 2022
- Accounting | Not-for-Profit | Tax
Not-for-profit organizations are always evolving to meet the needs of their communities and the people they serve. This can only be accomplished when employees…
- April 27, 2022
- Accounting | Audit and Tax | COVID-19
Although the Employee Retention Credit (ERC) was put into effect in early 2020, many organizations and businesses do not realize that they can still…
- April 21, 2022
- Accounting
Price risk and volatility are nothing new to those in agribusinesses. It’s the nature of the operation when you’re working in a commodity-centric industry….
- April 4, 2022
- Accounting | Audit and Tax | Tax
This past week, Governor Eric J. Holcomb signed an economic development bill into law that could help growing businesses qualify for incentives from the…
- March 23, 2022
- Accounting | Government | Government Contractors
As a government contractor, you are required to properly segregate and track your costs in accordance with the standards defined in the Federal Acquisition…
- March 2, 2022
- Accounting | Not-for-Profit
Quick hits on hot topics for higher education institutions The Department of Education hosted the Federal Student Aid (FSA) Training Conference for Financial Aid…
- March 1, 2022
- Accounting | Not-for-Profit
The Department of Education introduced updates to the Return to Title IV (R2T4) calculation requirements that became effective on July 1, 2020. The two…
- February 28, 2022
- Accounting | Audit and Tax | COVID-19 | Not-for-Profit
Quick hits on hot topics for higher education institutions On February 18, 2022, President Biden extended the national emergency concerning the COVID-19 pandemic in…
- February 22, 2022
- Accounting | Audit and Tax | Government | Government Contractors
Indirect cost rates are an important element of every government contract. They provide a ratio between the indirect costs and a direct cost base…
- February 21, 2022
- Accounting | Not-for-Profit
Not-for-profit (NFP) entities are required to record donations of contributed nonfinancial assets and unconditional promises to give noncash assets at their fair value. Contributed…
- February 15, 2022
- Accounting | COVID-19 | Government
The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program designates funds from the American Rescue Plan Act (ARPA) to provide assistance to state,…
- February 10, 2022
- Accounting | Not-for-Profit
A Recap of the Department of Education’s Guidance on the HEERF III Programs for Higher Education Institutions In March 2021, the American Rescue Plan…
- February 2, 2022
- Accounting | FAQ | Lease Accounting Standards
Click here and check out the Sikich Lessee Ledger tool SCOPE Q: Does ASC 842, Leases, apply to my organization? A: If your organization…
- December 8, 2021
- Accounting | Government Contractors | Tax
As the end of the year quickly approaches, many government contractors turn their attention to year-end planning. Rather than focusing on the usual end…
- December 6, 2021
- Accounting | Lease Accounting Standards
While the new lease accounting requirements are effective for fiscal years beginning after December 15, 2021, businesses are not required to present financial statements…
- December 1, 2021
- Accounting | Human Resources
Applicable large employers (ALE), or employers with more than 50 full-time equivalent employees in the prior year, must file Forms 1095-C and 1094-C on…
- November 24, 2021
- Accounting | Construction | COVID-19 | Tax
On November 15, President Biden signed the $1.2 billion Infrastructure Investment and Jobs Act (IIJA), offering an economic boost in the construction industry. The…
- November 23, 2021
- Accounting | Construction | Lease Accounting Standards
The construction and real estate industry is heavily impacted by the new lease accounting standards under ASC 842, particularly those companies that lease a…
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
