Accounting

It’s Not Too Late: Wisconsin Unclaimed Property VDA Program

The Wisconsin Unclaimed Property Voluntary Disclosure Agreement (VDA) Program closes on February 28, 2023 All states, including Wisconsin, have laws that require businesses to…

Jim Brandenburg Featured in the Akron Beacon Journal

Jim Brandenburg was featured in the Akron Beacon Journal’s article regarding errors with tax reporting requirements for third-party settlement organizations. Jim, CPA, MST, has…

Hoosier Tax Madness: Senate Bill 2 Allows for Tax Savings for Indiana Businesses

Filing season for Hoosier business owners just got more exciting. Update: on February 22, 2023, Governor Holcomb signed into law Senate Bill 2. The…

Jerry Murphy Featured in Smart Industry

Jerry Murphy’s article, “3 steps to improve manufacturers’ optimism amid an economic downturn,” was featured in Smart Industry. The article, which highlights insights from…

Jim Brandenburg quoted in How New Tax on Stock Repurchases Could Impact Investors

Jim Brandenburg was quoted in a Financial Advisor article, “How New Tax on Stock Repurchases Could Impact Investors.” In it, he discusses transactions subject…

Correcting Errors in 401(k) Plan Employee Deferral Elections

How to Correct a Frequent Error: Not Withholding the Proper Amount of 401(k) Deferrals Administering a 401(k) plan can be complicated and challenging, creating…

Cotton, A Sikich Company, Named a 2023 National Top Workplace by Energage

CHICAGO – February 1, 2023 – For a second consecutive year, Cotton, a Sikich company, has been recognized as a top national workplace by…

Congress Passes Omnibus Spending Bill Without Key Tax Provisions

IRS announces Form 1099-K delay, too What’s become a bit of a holiday tradition, Congress engaged in its end of year procrastination to complete…

What is SVOG Monitoring? Do I Need an Audit or Compliance Examination?

Did you receive a Monitoring Action item in your SVOG portal? Monitoring is a regular and important part of all Federal grant programs. It…

Vonya Global Acquisition Media Coverage

Sikich’s acquisition of Vonya Global was highlighted by several media publications. These include: Yahoo! Finance WGN News Accounting Today Inside Public Accounting Consulting.us…

ASC 842 Proposed Update: Common Control Arrangements

UPDATE as of February 16, 2023: The FASB met February 15, 2023 and approved the amendments for common control leasing arrangements described below. However,…

Sikich Continues to Grow in Chicago with Acquisition of Vonya Global

CHICAGO — Dec. 8, 2022 — Sikich announced today the signing of a definitive agreement to acquire Vonya Global LLC, a Chicago-based consulting firm…

Tax and Financial Planning Considerations before Year-end

The end of the year marks one of the most critical times for investors, as they face many decisions that impact their overall financial…

Reminders for the Construction and Real Estate Industry: End of Year Accounting

Download the end of year checklist for lease accounting in construction and real estate. Click below:…

Getting Technical with GASB-87 Webinar

https://youtu.be/T72KaprgIRM Getting Technical with GASB-87 November 30, 2022 In this recording, our experts review key components of the GASB-87 standard, including lessons learned from…

Tom Bayer Featured in Market Watch

Tom Bayer was quoted in an MSN Market Watch piece about the tax deductibility of assisted-living costs as medical expenses. Tom, CPA, CExP, is…

The Acquisition of O’Malley & Kwit Media Coverage

The recent acquisition of O’Malley & Kwit was covered in a variety of media publications. Please find coverage below: Yahoo! Finance WGN Accounting Today…

Recent Legislation Offers New and Enhanced Tax Credits and Incentives

The CHIPS and Science Act of 2022 was signed into law in August, with a goal to increase semiconductor chip manufacturing within the U.S….

Lesley Keller Featured in Financial Advisor

Lesley Keller was quoted in a Financial Advisor article about new versions of the IRS’ schedules K-2 and K-3 for partnerships and the associated…

Sikich Expands in Chicago with Acquisition of O’Malley & Kwit

CHICAGO — Nov. 22, 2022 — Sikich announced today that it has signed an agreement to acquire the operating assets of O’Malley & Kwit…