Tax Insights
- October 4, 2021
- Accounting | Lease Accounting Standards | Tax
In part one of this article, we discussed the changes under the new lease accounting standards, Topic 842, Leases (ASC 842), and began to…
- September 29, 2021
- Accounting | Lease Accounting Standards | Tax
The Financial Accounting Standards Board (FASB) recently codified new lease accounting standards in Accounting Standards Codification Topic 842, Leases (ASC 842), representing a material…
- September 27, 2021
- Accounting | Tax
With both monetary policy and pandemic-related supply chain disruption driving current and future price increases, safeguarding inventory – often a company’s largest asset –…
- September 22, 2021
- Accounting | Distribution | Manufacturing | Tax
INFLATION INFLATION INFLATION Are you a manufacturer or distributor facing higher prices this year? Whether due to supply chain issues, product shortages, tariffs or…
- September 21, 2021
- Human Resources | Marketing & Communications | Public Relations | Security | Tax | Technology | Transaction Advisory Services
Ready for the understatement of the year? Mergers and acquisitions can get really complicated really fast. Think of something between solving a Rubik’s Cube…
Tax legislation is moving full speed ahead in Congress. The behind-the-scenes preliminary work for the summer is done, and congressional leaders are making a…
- September 8, 2021
- Accounting | COVID-19 | Tax
Part 2 of 2 In addition to the reminders in Part 1 of this blog, the IRS recently issued Notice 2021-49 and Rev Proc…
- September 8, 2021
- Accounting | COVID-19 | Tax
Part 1 of 2 Congress introduced several provisions in 2020 to assist businesses and individuals dealing with the financial effects of the COVID-19 pandemic….
- September 2, 2021
- Accounting | Tax
On August 27, 2021, Illinois Governor J. B. Pritzker signed S.B. 2531 that provides a pass-through entity workaround to the recent federal limits on…
- August 18, 2021
- Accounting | Audit and Tax | COVID-19 | Not-for-Profit | Tax
In the world of higher education during the pandemic, freshmen spent their first year in college joining Zoom classes, and seniors graduated in their…
- July 30, 2021
- Accounting | COVID-19 | Tax
It’s summertime, and people are eager to enjoy time spent outside. From picnics and cookouts to parades and water balloons, this summer already looks…
- July 21, 2021
- Accounting | Audit and Tax | Construction | COVID-19 | Tax
The Plan Announcement On March 31, 2021, the White House unveiled its unique two-part major infrastructure bill. This bill, titled the American Jobs Plan…
- July 16, 2021
- Accounting | COVID-19 | Tax
The American Rescue Plan enacted in March this year provided for Advanced Child Tax Credit Payments in 2021. The IRS starts sending these payments…
- June 24, 2021
- Accounting | Tax | Wealth Management
How a cash balance plan saved a business over $550,000 Background A local family-owned company was undergoing a business succession plan with our team…
- June 23, 2021
- Accounting | Audit and Tax | Tax
Tax planning is a year-round activity. As we approach the halfway mark of the year, it’s the perfect time to make sure you are well-prepared or begin planning for your projected year-end…
- June 21, 2021
- Accounting | Audit and Tax | COVID-19 | Tax
When the Administration passed the American Rescue Plan (ARP), it released new rules about Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) benefits, too….
- May 28, 2021
- Accounting | COVID-19 | Tax
Click below to watch the Employee Retention Credit and American Families Plan webinar recording. Download the slides here. https://youtu.be/xYVyxrp7Ukc…
- May 6, 2021
- Accounting | COVID-19 | Tax | Videos
Click here to download the slides from Sikich’s Restaurant Revitalization Grant (RRG) webinar and watch the recording below. For more information, read our article…
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.
