Accounting Insights
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- 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…
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- 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…
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- 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…
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- 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…
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- 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…
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- 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…
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- 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…
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- 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,…
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- 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…
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- 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…
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- 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…
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- 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…
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- 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…
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- 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…
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- 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…
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- November 11, 2021
- Accounting | COVID-19 | Lease Accounting Standards
The question of delaying the effective date of the new lease accounting standards was back on the table – should the effective date of…
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- November 3, 2021
- Accounting | Human Resources | Tax
The Affordable Care Act (ACA) doesn’t appear to be going anywhere. Applicable large employers (ALE) with more than 50 full-time equivalent employees in the…
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- October 22, 2021
- Accounting | Lease Accounting Standards
FASB Accounting Standards Codification Topic 842 (“ASC 842”) is possibly the most impactful accounting standards change for many organizations in recent memory. With all…
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- October 20, 2021
- Accounting | Lease Accounting Standards
As the new lease accounting standards become a reality, there’s plenty of new language and lingos to familiarize yourself with. With that said, what…
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.