Accounting Insights
- 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 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….
- June 21, 2021
- Accounting | Audit and Tax
It is the responsibility of both the Department of Labor (DOL) and the Internal Revenue Service (IRS) to make sure a participant’s account balance…
- June 17, 2021
- Accounting | Audit and Tax | Lease Accounting Standards
Major changes in lease accounting lie ahead for private companies that have not yet adopted the guidance in Accounting Standards Codification (ASC) Section 842,…
- June 17, 2021
- Accounting | Lease Accounting Standards | Technology
FIND MORE RESOURCES ON LEASES HERE…
- June 16, 2021
- Accounting | Audit and Tax | Construction
When a new multifamily project is constructed under the Housing and Urban Development (HUD) programs, the project typically is required to undergo a cost…
- June 16, 2021
- Accounting | Audit and Tax | Lease Accounting Standards
Leasing transactions with related parties are common among privately held companies for various reasons – including tax, estate planning and legal liability. So much…
- June 15, 2021
- Accounting | Audit and Tax | Lease Accounting Standards
Private companies that have not yet adopted the provisions of ASC 842, Leases, will soon see changes in the lease accounting rules. As privately…
- June 10, 2021
- Accounting | Audit and Tax | Lease Accounting Standards
Lease accounting rules are soon to change for private companies with the adoption of the provisions of ASC 842, Leases. As privately held entities…
- June 8, 2021
- Accounting | Audit and Tax | Lease Accounting Standards
Lease accounting rules are soon to change for private companies that have not yet adopted the provisions of ASC 842, Leases. As privately held…
- June 3, 2021
- Accounting | Audit and Tax | Lease Accounting Standards
If you haven’t already implemented the new lease accounting standards under FASB ASC Topic 842 or GASB Statement 87, the deadline is quickly approaching. …
- May 28, 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…
- 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 18, 2021
- Accounting | Lease Accounting Standards
The revised deadline for implementing the new lease accounting standards (ASC 842) for private companies is fast approaching. Private companies are required to adopt…
- 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…
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.
