COVID-19

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…

Aftermath of Wayfair – State Tax Nexus Update: Part Two

In part one of this series, we discussed Wayfair developments, changes at the state level and marketplace facilitator updates. As it’s been over two…

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…

Preparing for the Post-COVID Boom in Construction

COVID-19 did not create the economic and demographic forces that will cause unprecedented capital investment in real estate in the coming years – but…

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

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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),…

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

We recently sent a communication regarding the current situation involving Wisconsin not allowing Paycheck Protection Program (PPP) loan expenses to be deductible, as the…

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…

Brad Lutgen Featured in IMA’s the Illinois Manufacturer

Brad Lutgen’s article on cybersecurity was published in the Illinois Manufacturers’ Association magazine, The Illinois Manufacturer. Brad is a partner on the IT Solutions…

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…

A Roundtable Recap: Manufacturers Across the States Facing the Brunt of Continued Pandemic Business Conditions

Manufacturing executives from across the Midwest virtually connected mid-January to discuss continued pandemic impacts on business, the new relief bill, and what the year…

IRS Provides Relief for Temporary COVID-related Workforce Reductions

During 2020, many employers experienced significant changes in their workforce, including temporary furloughs, workforce reductions or decreases in pay rates either temporary or permanent. …

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….

Jerry Murphy Featured in Industry Today

Jerry Murphy authored an article that discusses the potential for a rise in U.S.-based manufacturing amidst the global pandemic and trade tensions, which was…

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…

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…