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Technology
Microsoft MFA Update
November 23, 2020
Microsoft has recently updated its Multifactor Authentication (MFA) process. Here's how you can get it set up for your accounts.
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Reduce Tax and Increase Liquidity on Sales of Ag Assets
November 20, 2020
A Monetized Installment Sale can provide up to 93.55% of the selling price in cash at closing while deferring the taxes for 30 years on the sale of agriculture assets. This could be an ideal way to structure a sale for sellers. Keep reading to learn more fom Sikich.
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Collaborating With a Construction-savvy Technology Partner
November 20, 2020
Our Sikich Business Central for Construction can consolidate and improve your processes, but you also need a construction-savvy technology partner.
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NetSuite’s New Feature: Invoice Grouping (2020.2)
November 19, 2020
The NetSuite invoice grouping feature allows you to group invoices that share the same Customer, Currency, Terms, Subsidiary, and Bill To.
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Title IV Common Findings Corner: Credit Balances and Timing
November 18, 2020
The cash management updates with the release of the Audit Guide created changes as to how schools would charge tuition and track financial aid payments for Title IV recipients. Click here for more from Sikich Title IV.
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Consolidations in Microsoft Dynamics 365 for Finance and Operatio...
November 18, 2020
We previously covered flexibility in consolidation functionalities with D365FO, now we're covering configuring online consolidation.
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Presidential Election Recap, Outlook and Year-End Tax Planning Re...
November 17, 2020
The 2020 elections are over, and potential tax policies are now top-of-mind. If you’re interested in how the election results might impact your individual and business tax situation, watch Sikich's webinar.
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Consolidations in Microsoft Dynamics 365 for Finance and Operatio...
November 17, 2020
D365FO has always had answers to issues surrounding consolidations, no matter the type of business consolidation. Here's how to utilize it.
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Timing of PPP Loan Forgiveness and Impact on Bonding
November 16, 2020
While construction and real estate companies can greatly benefit from the financial offerings that Congress enacts, methods for recording PPP loans and loan forgiveness come with a great deal of complexities. Click here for more from Sikich.
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A misguided push back into offices
November 16, 2020
The future of the workplace looks a little different now thanks to COVID-19. Working remotely is a new norm many employees value. Sikich’s CEO, Chris Geier, explains his thoughts on a remote workforce.
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Revenue Recognition – An example of an automated approach i...
November 16, 2020
Dynamics 365>Dynamics 365 Finance and Operations
Revenue Recognition – An example of an automated approach i...
November 16, 2020
We've previously covered how to setup a D365FO automated revenue deferral, and now we'll demonstrate one way to defer the revenue.
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Switched Jobs or Retired? Options for Your 401(k)
November 13, 2020
When you leave a job, sometimes your 401(k) stays behind. Your options may not always be clear, so we wanted to review the choices that you have to make an informed decision. Click here to learn more from Sikich wealth management.
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The Long-awaited Implementation of State Authorization Requiremen...
November 13, 2020
The Department of Education did not delay final regulations on state authorization for distance education programs. Click here for more Title IV news.
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Revenue Recognition – An automated approach in D365 for Finance...
November 13, 2020
Looking to automate Revenue Recognition in Dynamics 365 for Finance and Operations? Here's how to easily set up D365FO Revenue Recognition.
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Agriculture innovation: how technology is affecting the feed and ...
November 12, 2020
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Agriculture innovation: how technology is affecting the feed and ...
November 12, 2020
The food and agriculture industries are among the least digitized industries remaining. That status is rapidly changing, as we see many innovative companies bringing software, sensors and automation to market, helping to make our food system safer and more efficient.
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NetSuite Invoice Groups – Consolidated Invoicing
November 12, 2020
The NetSuite 2020.2 update includes a new feature called "Invoice Groups," which allows users to combine invoices for a single customer.
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Adding Credit Holds and Order Holds to Sales Orders – Increasin...
November 11, 2020
What happens to a customer who tries to create a sales order when their credit limit is exceeded? D365FO allows users to place credit holds.
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D365FO Item Creation Workflow – Confirm the creation of new Ite...
November 10, 2020
D365FO Item Creation Workflow ensures that new items have been approved before they can be used for purchasing, inventory, and sales.
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2020 Elections – Outcomes and Outlook on Taxes
November 9, 2020
While several races are still undecided, most of the results from the 2020 elections have been decided. Here is a summary of the 2020 elections and the tax implication.
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Keystone Insurers Salesforce Case Study
November 6, 2020
Learn how Sikich helped enhance a Salesforce environment for Keystone Insurers Group to aid with improved efficencies.
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IRS Issues Final Regulations on Interest Expense Deduction
November 5, 2020
The IRS issued final regulations for the interest expense deduction. They cover changes introduced by the Tax Cuts and Jobs Act that limit the deductibility of interest expense by businesses in all industries.
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Jim Brandenburg Featured in Financial Advisor
November 5, 2020
Jim Brandenburg was featured in a Financial Advisor article, "Tax Moves that Advisors should Consider before the Elections."
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5 Key Performance Indicators to Measure Your Association’s Succ...
November 2, 2020
In this article, Sikich's Rally Kamenova distinguishes 5 key performance indicators that can provide valuable insight into an association’s operations.
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Sustainability Through Hardship – Not-for-Profit Edition
October 30, 2020
Not-for-profit leaders have learned to quickly adapt this year, not by choice but out of necessity. Unlike many other industries, not-for-profit organizations rely entirely on donations and funding to maintain their mission and stay afloat. Now that we are several months into this new reality, it’s critical to focus on sustaining your organization for the long-haul.
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2020 Year-End Hot Topics for Not-for-Profits Webinar Recording
October 30, 2020
Watch our on-demand webinar recording on PPP loan implications and advice followed by a presentation on how to boost fundraising efforts by embracing communications.
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The IRS Restores Form 1099-NEC for 2020 Year-end Reporting
October 30, 2020
New for 2020 year-end reporting is the return of the 1099-NEC form. This form was last used in the early 1980s as essentially a single box to report non-employee compensations of $600 or more—thus, the abbreviation “NEC.”
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Using Bundles to Implement Sales Order Kitting in Dynamics Financ...
October 29, 2020
Bundles are a great option for D365FO sales order kitting that combines the features of bill of material explosion and retail kits.
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PPP Reporting Period Net Income Management & Tax Considerati...
October 29, 2020
In this article, we list some factors to consider when managing your net income during the current reporting period, as well as the potential tax implications of recognizing PPP loan forgiveness.
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Due Diligence the Right Way During COVID-Era Acquisitions: Part T...
October 28, 2020
Buyers are still buying and sellers are … still selling. Businesses are pushing through the uncertainties of COVID-19 to get deals done, and they are succeeding with heightened vigilance and good old-fashioned attention to detail.
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Compensation Definition In 401(K) Plans
October 27, 2020
In retirement planning, the definition of compensation isn’t so cut and dry. There are multiple definitions of compensation, and depending on the definition your plan uses, compensation in your plan may appear quite different than that of another company.
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