Tax Insights
Reading Time: 7 minutes
- 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…
Reading Time: 6 minutes
- 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…
Reading Time: 6 minutes
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…
Reading Time: 6 minutes
- 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…
Reading Time: 5 minutes
- 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….
Reading Time: 5 minutes
- 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…
Reading Time: 6 minutes
- 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…
Reading Time: 7 minutes
- 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…
Reading Time: 5 minutes
- 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…
Reading Time: 5 minutes
- 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…
Reading Time: 2 minutes
- 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…
Reading Time: 3 minutes
- 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…
Reading Time: 3 minutes
- 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….
Reading Time: 1 minute
- 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…
Reading Time: 1 minute
- 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…
Reading Time: 6 minutes
- April 28, 2021
- Accounting | COVID-19 | Tax
Following enactment of the recent American Rescue Plan (ARP) for COVID-19 relief and a major infrastructure proposal, the Biden Administration moves ahead with another…
Reading Time: 10 minutes
- April 27, 2021
- Accounting | Audit and Tax | COVID-19 | Tax
DOWNLOAD SIKICH’S “MENU” HERE The COVID-19 pandemic impacted many businesses and employees over the past year, but arguably few industries were hurt as severely…
Reading Time: 3 minutes
- April 5, 2021
- Accounting | Government Contractors | Tax
Any contract with a federal agency is subject to special accounting rules. These rules are applied to ensure fairness, efficiency and taxpayer confidence. They also encourage competitive…
Reading Time: 3 minutes
- April 1, 2021
- Accounting | Audit and Tax | COVID-19 | Tax
On the heels of the recent American Rescue Plan (ARP) for COVID-19 relief, the Biden administration and Congress are embarking on their next major…
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.