Audit and Tax

Preparing for a Single Audit Webinar Recording

Click here to download the slides from Sikich’s “Preparing for a Single Audit” webinar and watch the recording below….

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….

Glen Birnbaum Featured in Farm Progress

Glen Birnbaum appeared in a video with Farm Progress, in which he shares tax guidance for the agriculture industry related to the COVID-relief funds….

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…

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…

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…

Marco Fernandes Featured in ABC of Metro Washington

Marco Fernandes was featured in Associated Builders and Contractors (ABC) of Metro Washington’s member spotlight series, where he talks about the challenges COVID-19 has…

The Future of Title IV Under the New Administration

With the change in the administration this November, the higher education industry is in line for some likely changes over the next four years….

The Employee Retention Credit Enhanced by Stimulus Legislation

The recently enacted “Consolidated Appropriations Act, 2021” (“CAA”) [1] was the latest effort by Congress to provide stimulus and relief to individuals, businesses, health…

SBA Issues FAQ Guidance on Questionnaire for PPP Loans Over $2 Million

The Small Business Administration (SBA) released on December 9, 2020 its latest FAQ on the Paycheck Protection Program (“PPP”) loan. Background The PPP loan…

Sikich expands in St. Louis with acquisition of Hochschild, Bloom & Company

CHICAGO — Dec. 10, 2020 — Sikich announced today that it has signed an asset purchase agreement to acquire the operating assets of Hochschild,…

Final Regulations Released for UBTI of Separate Trades or Businesses in an Exempt Org

Back in May, the IRS released Proposed Regulations under Section 512(a)(6), related to the separate reporting for each unrelated trade or business of tax-exempt…

Aftermath of Wayfair: State Tax Nexus Update Webinar Recording

It’s been over two years since the U.S. Supreme Court shook up the state tax world with the Wayfair case. Since that time, all but…

Aftermath of Wayfair – State Tax Nexus Update

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)…

Title IV Common Findings Corner: Credit Balances and Timing

Dating all the way back to July 2016, the cash management updates that coincided with the release of the Audit Guide created changes as…

Timing of PPP Loan Forgiveness and Impact on Bonding

Many borrowers of the Paycheck Protection Program (PPP) loan are currently submitting loan forgiveness applications. While construction and real estate (CRE) companies can greatly…

The Long-awaited Implementation of State Authorization Requirements

This has certainly been an interesting year on many levels. The COVID-19 pandemic shook the landscape and ended up delaying a lot of regulations…