Accounting Insights
- August 29, 2022
- Accounting | Lease Accounting Standards | Not-for-Profit
It’s not uncommon for not-for-profit entities to be allowed to use real estate or equipment for no (or, de minimis) payment or for amounts…
- August 17, 2022
- Accounting | Construction | Site Selection
If your business project has attractive job and investment numbers in a desirable industry, local and state incentive programs may add significant value. In…
- July 28, 2022
- Accounting | Audit and Tax | COVID-19
The Shuttered Venue Operators Grant (SVOG) was provided to eligible for-profit entertainment businesses for COVID-19 relief. The federal grant – equaling more than $16…
- July 25, 2022
- Accounting | Wealth Management
Are we headed into a recession? With negative returns in several asset classes and discussion of the Fed’s interest rate campaign putting further pressure…
- July 11, 2022
- Accounting | Lease Accounting Standards
Accounting professionals have undoubtedly been busy for some time now. COVID-related opportunities and disruptions on top of increased employee turnover have resulted in prolonged…
- 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 | Site Selection | 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 for a tutorial of the Sikich Lessee Ledger tool SCOPE Q: Does ASC 842, Leases, apply to my organization? A: If your organization…
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.
