Tax

IRS Takes Gloves Off – Announces Immediate Suspension of Processing New ERC Claims

First GLAM, and now Slam: the IRS is getting serious with questionable Employee Retention Credit (ERC) claims. GLAM On July 21, 2023, the IRS…

Employee Retention Credit is getting a GLAM Up

As the summer winds down, Employee Retention Credit (ERC) compliance activity and new guidance from the IRS are heating up. From IRS’s release of…

Jenny Kramer Featured in Financial Advisor

Jenny Kramer was quoted in a Financial Advisor article, “What Tax Preparers Want From Clients’ Advisors.” Mary discussed the need for tax professionals and…

Mary O’Connor Featured in Accounting Today

Mary O’Connor was quoted in articles from Accounting Today. In these articles, Mary weighed in on a number of topics, including today’s hiring and…

WICPA’s Bottom Line Features Article from Jim Brandenburg

Jim Brandenburg’s article was featured in the Wisconsin Institute of CPAs’ “The Bottom Line” publication. The article breaks down the Employee Retention Credit (ERC)…

Sikich Names New Leaders in CPA Business

CHICAGO – July 10, 2023 – Sikich announced today that it has named new market expansion and industry leaders in its CPA business, following…

M&D Industry Pulse Featured in the News June 2023

Sikich’s M&D Industry Pulse results were featured in various publications, highlighting manufacturers’ steady optimism of business prospects. Coverage also included mention of decreased optimism…

President Signs Legislation Raising the Debt Ceiling and Making Budget Changes

Over the Memorial Day weekend, Congressional leaders and the Administration reached an agreement to extend the debt limit, also agreeing to make various changes…

On Demand – Establishing and Monitoring Internal Controls for Not-For-Profits

https://youtu.be/qkIFqn26RvM Establishing and Monitoring Internal Controls for Not-For-Profits May 23, 2023 Join our internal audit experts as they cover financial and IT risk management,…

Richard Lynch, Antony Nettleton Named New Leaders of CPA Business at Sikich

CHICAGO – May 15, 2023 – Sikich announced today that partners Richard Lynch and Antony Nettleton will take over as managing partners of its…

The IRS Strikes Back: Employee Retention Credit Crackdown

The IRS Strikes Back: Employee Retention Credit Crackdown May 4, 2023 Join our tax experts as they cover ERC rules and regulations, the latest…

Laura Culp in Akron Children’s Hospital Children’s Progress Magazine

Laura Culp discusses charitable giving with a designated beneficiary gift in the Akron Children’s Hospital Children’s Progress Magazine. Laura, CPA, PFS, MT, CCIFP, is…

Jim Brandenburg in Financial Advisor on Taxing Distributions from Retirement Plans

Jim Brandenburg was quoted in a Financial Advisor article to discuss how states tax distributions from qualified retirement plans. Jim, CPA, MST, has extensive…

Next Act for the Employee Retention Credit (ERC): Top of the 2023 IRS “Dirty Dozen” List

Since its introduction three years ago under the CARES Act, the Employee Retention Credit (ERC) has had a significant impact on many for-profit and…

Addressing Unclaimed Property for Businesses

Many business owners are unaware of their obligation to perform due diligence regarding uncashed checks. Background: What is unclaimed property? Unclaimed property is a…

What You Need to Know about Cryptocurrency Contributions and Charitable Deductions as a Not-for-Profit Organization

Monetary donations are a large part of a not-for-profit organization’s funding portfolio. With many individual taxpayers contributing donations through non-cash means, it’s important to…

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…

On Demand – SECURE 2.0 Retirement Legislation: Tax Implications for Employers, Employees and Advisors

https://youtu.be/kvbhNcQvRkM SECURE 2.0 RETIREMENT LEGISLATION: TAX IMPLICATIONS FOR EMPLOYERS, EMPLOYEES AND ADVISORS February 8, 2023 The SECURE 2.0 Act of 2022 was signed into law…