Accounting

12 Commonly Asked Questions on the Employee Retention Credit

UPDATED ON 02/26/2021 Much Interest in the Enhanced Employee Retention Credit (ERC) but Questions Remain – We Offer Some Answers The recent “Consolidated Appropriations…

Administration Outlines Changes in PPP Loans – Focuses on Small Businesses

On February 22, 2021, the Biden Administration announced its intentions to assist primarily small businesses through the PPP loan. This focus will take effect…

Jim Brandenburg Featured in Financial Advisor

Jim Brandenburg was quoted in a Financial Advisor article, “Tax-Filing Relief Can Open Door For Opportunity Zone Investing.” Jim is quoted on the subject…

Questions I’m wrestling with about the future of work.

The coronavirus pandemic has pushed many organizations into large-scale remote work. At Sikich, we were well prepared to adjust to this reality. Long before…

Adapt or Die – Budgeting and Costing in a Pandemic: Part Two

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…

CARES 2 and the Employee Retention Credit: Webinar Recording

DOWNLOAD THE PRESENTATION SLIDES…

Ray Lampner Featured in Construction Executive

Construction Executive featured Ray Lampner’s article on succession planning on their website and in their latest issue of the “CE This Week” e-newsletter. The…

Coming Soon to your Employee Benefit Plans: Changes to Your Auditor’s Report and Expanded Responsibilities for both Auditors and Management

Introduction The American Institute of Certified Public Accountants (‘AICPA’) has issued Statement on Auditing Standards (‘SAS’) 136, Forming an Opinion and Reporting on Financial…

Adapt or Die – Budgeting and Costing in a Pandemic: Part One

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),…

Updates to the Accounting Standards for Gifts-in-Kind and How They Impact Your Organization

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…

Congress Extends and Expands PPP Loans

Congress recently enacted the ‘‘Consolidated Appropriations Act, 2021” (CAA – H.R.133) on December 27, 2020 – nine months to the day after Congress passed…

Cost Accounting for Federal 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…

FAQs for Not-for-Profit Organizations and the COVID Relief Packages

At the onset of the COVID-19 pandemic last March, Congress enacted three pieces of legislation over a few short weeks – the largest being…

Cheryl Aschenbrener Featured on M&A Podcasts

Cheryl Aschenbrener was recently interviewed on podcasts with the M&A CornerCast and SLS Capital Advisors. During these episodes, Cheryl discusses the benefits of a…

Ray Lampner on OSCPA the State of Business Podcast

Ray Lampner was featured on the Ohio Society of CPAs’ “The State of Business” podcast, discussing the latest details of the Paycheck Protection Program….

Overview of Higher Education Emergency Relief Fund II

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…

IRS Issues Final Regulations on Executive Compensation Tax for Exempt Organizations

On January 11, 2021, the IRS issued final regulations providing guidance on the federal excise tax on executive compensation in excess of $1,000,000 paid…

Tax Planning and SECURE Act Updates for the Construction Industry Webinar Recording

Download the PowerPoint Here…

Wisconsin Will Not Follow Federal Law Permitting Deduction of PPP Loan Expenses

The Wisconsin Department of Revenue (WDR) released guidance on January 15, 2021 on how PPP loan expenses will be treated for Wisconsin tax purposes….

Cheryl Aschenbrener Featured in WICPA’s On Balance Publication

Cheryl Aschenbrener’s article, “Top Trends and Topics for Manufacturers” was featured in the Wisconsin Institute of CPAs’ (WICPA) publication, On Balance. This article provides…