Accounting Insights
- 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…
- April 20, 2021
- Accounting | Government Contractors
Government contractors typically allocate their indirect costs in one of three pools: fringe benefits, General and Administrative (G&A) costs or overhead costs. Overhead costs are costs…
- 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…
- March 26, 2021
- Accounting | Audit and Tax | COVID-19 | Title IV
With the advent of the global COVID-19 pandemic and the Department of Education waiving the on-site requirements, auditors had to change the way that…
- March 26, 2021
- Accounting | COVID-19 | Not-for-Profit
Much anticipated guidance for higher education institutions from the Department of Education was released following the Higher Education Emergency Relief Fund (HEERF) III under…
- March 25, 2021
- Accounting | Audit and Tax | COVID-19 | Title IV
The Department of Education’s Updated Guidance on the Higher Education Emergency Relief Fund (HEERF) Programs for Institutions of Higher Education Now that Higher Education Emergency Relief…
- March 24, 2021
- Accounting | Assurance
Does your bank statement accurately report your businesses cash balance? Probably not! Oftentimes, there is a difference in the amount of cash reported on the balance sheet and…
- March 24, 2021
- Accounting | Title IV
As the pandemic still strongly lingers and most schools have returned to the routine of in-person education, a new administration is settling in, and…
- March 15, 2021
- Accounting | Not-for-Profit | Title IV
As much as everyone wants a clean audit each year, chances are that most audits will contain at least one finding. Title IV is…
- March 11, 2021
- Accounting | Audit and Tax | COVID-19 | Title IV
With the change in the administration this November, the higher education industry is in line for some likely changes over the next four years….
- February 19, 2021
- Accounting | COVID-19 | Distribution | Manufacturing | Tax
If you missed the first installment of this two-part article, click here to find Part One. Throughout the pandemic, companies reacted with drastic cost-cutting…
- February 11, 2021
- Accounting | COVID-19 | Distribution | Manufacturing | Tax
When confronted by his head scout about challenging baseball norms, Billy Beane, former Oakland A’s general manager (and featured in both book and movie),…
- February 10, 2021
- Accounting | Not-for-Profit
In September 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed…
- February 4, 2021
- Accounting | Government Contractors
As a Federal Contractor, you are required to maintain an adequate accounting system to ensure compliance with applicable cost principles. Fortunately, the cost accounting data…
- January 26, 2021
- Accounting | COVID-19 | Title IV
In December 2020, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSAA) legislation passed, which created the Higher Education Emergency Relief Fund II (HEERF II). While similar to the first round of…
- December 3, 2020
- Accounting | Not-for-Profit | Title IV
Are you a for-profit institution owner considering an entity change? Are you curious what the benefits of being a not-for-profit educational institution are? There…
- December 1, 2020
- Accounting | COVID-19 | Title IV
The Higher Education Emergency Relief Fund (HEERF) was implemented under the CARES Act by the federal government earlier this year. The fund allocations became…
- November 30, 2020
- Accounting | Audit and Tax | Tax
It’s been over two years since the U.S. Supreme Court shook up the state tax world in South Dakota v. Wayfair (Dkt 17-494, 6/21/2018)…
- November 23, 2020
- Accounting | COVID-19 | Tax
Due to the uncertainty of the pandemic, the Department of Education (DOE) has continually provided updates to its guidance for interruptions of study related…
- November 20, 2020
- Accounting | Tax
A Monetized Installment Sale can provide up to 93.55% of the selling price in cash at closing while deferring the taxes for 30 years…
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.
