Accounting

Restaurant Revitalization Grant Webinar Recording

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…

Sikich Leaders Recognized by the Illinois CPA Society

Sikich is pleased to share the recognition of Anthony Cervini, Brent DeMay and Brian LeFevre as award recipients by the Illinois CPA Society. The…

Administration Proposes American Families Plan with Individual Tax Hikes

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…

Restaurant Revitalization Grant: Congress Serves Up Relief for Restaurants

The COVID-19 pandemic impacted many businesses and employees over the past year, but arguably few industries were hurt as severely as the restaurant industry….

6 Common Mistakes in Reporting Overhead Costs

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…

Cybersecurity guidance for plan sponsors and participants released by the DOL

On April 14, the Department of Labor’s (DOL) Employee Benefits Security Administration released its first official cybersecurity guidance. This guidance, which includes best practices…

Mary O’Connor Featured in Illinois CPA Society’s Insight Magazine

Mary O’Connor was featured in the Illinois CPA Society’s Insight Magazine. She was quoted on how commercial real estate properties may change post-pandemic in the…

Jim Brandenburg Featured in Spectrum News 1

Jim Brandenburg was interviewed in a Spectrum News 1 broadcast, in which he discusses the filing changes this year, including legislative developments and changes…

News of Process Stream Acquisition Covered in Media

Sikich’s announcement that the firm would acquire Process Stream, a leader in digital transformation services for regulated industries, including life sciences and insurance, was…

Fringe Benefits: Considerations for Government Contractors

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…

Administration Proposes Infrastructure Plan with Corporate Tax Hikes

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…

Conducting Remote Audits: Best Practices for Schools

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…

Recent Department Of Education Guidance On HEERF Grants

Much anticipated guidance for higher education institutions from the Department of Education was released following the Higher Education Emergency Relief Fund (HEERF) III under…

Updates to the Higher Education Emergency Relief Fund – March 2021

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…

Reconciling Differences Between Bank Statements and Business Cash Balance

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…

Title IV Common Findings Corner: Quick Hits on Hot Topics

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…

Jim Brandenburg is Honored in WICPA Magazine

Jim Brandenburg was spotlighted in the WICPA’s publication, On Balance, referring to Jim in the title of the feature as the “Tax Man.” The…

The American Rescue Plan (CARES 3) Webinar Recording

Watch the webinar here:…

Jim Brandenburg Featured in Financial Advisor

Jim Brandenburg was featured in a Financial Advisor article and was quoted on the Restaurant Revitalization Grant (RRG) as well as the reporting changes…

Implementing SAS 136: Assessing if a Section 103(a)(3)(c) Audit is Permissible

As plan sponsors and their auditors implement SAS 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA,…