Insights2018-05-18T10:34:43+00:00

Latest Insights

Dive into Sikich’s entrepreneurial thought leadership, for clarity on the recent trends affecting your business.

AICPA Issues Statement on Auditing Standard Impacting Audit Reports of Employee Benefit Plans Subject to ERISA

January 16th, 2019|Audit and Tax|

The Association of International Certified Public Accountants (AICPA) has elected to pass a new Statement on the Auditing Standard titled Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, to be effective no earlier than periods ending on or after December 15,

Using Formula Values as Available Filters in NetSuite Saved Searches

January 16th, 2019|NetSuite, Technology, Tips & Tricks|

Saved Searches are a powerful tool to solve problems in NetSuite. You can add standard and custom fields as criteria and results to perform basic searches for customers, transactions, vendors, and just about any other type of record. If you

The New Model for Lease Accounting’s Impact on the Construction and Real Estate Industries

January 10th, 2019|Accounting|

With the issuance of ASU 2016-02, Leases, the Financial Accounting Standards Board (FASB) made changes to accounting standards for leases that will have a significant impact on many companies’ balance sheets including construction and real estate industry businesses. Companies

Why your B2B PR strategy shouldn’t be “Wall Street Journal or bust”

January 9th, 2019|Uncategorized|

Media coverage in the Wall Street Journal, New York Times and other prominent national publications can boost a B2B company’s reputation – and a public relations professional’s ego. However, B2B companies and their PR advisers shouldn’t overvalue national media

Sikich Series on Tax Reform: IRS Update on Government Shutdown and Impact on 2018 Individual Tax Filings

January 9th, 2019|Audit and Tax, Tax|

IRS Opens Up on Government Shutdown and Tax Refunds The current “government shutdown,” is in its third week. Some government agencies are not impacted, while others are working with decreased staffs and reduced operations. The IRS is one such

Outsourced Production – New Ideas in D365 for Finance and Operations

January 9th, 2019|Dynamics 365, Technology|

Outsourcing is a widely used business process in the manufacturing industry. The main reasons are: In the manufacturing facility, certain machines are not available because they would not be used enough to justify the high cost. Outsourced anodizing, heat treatment,

Sikich Series on Business Succession Planning: How Much is My Business Worth?

January 7th, 2019|Uncategorized|

Following a discovery process, an advisor will create a realistic picture of what your business is worth.  To begin, the next questions you and your advisors should discuss are:  Do you know what your business is worth?  How attractive

An Architecture Firm’s Success Story With Implementing Dynamics 365 in the Cloud

January 4th, 2019|Azure, CRM, Dynamics 365, ERP, Power BI, Technology|

One of our clients is an architecture firm with vast experience in architecture, engineering, construction program management, and professional services. They pride themselves upon be a client-centric, highly agile organization. They aspire to be the best in the world at

Sikich Series on Tax Reform: JCT Staff Releases Long-Awaited “Blue Book” on Tax Cuts and Jobs Act

December 21st, 2018|Tax|

With the Tax Cuts and Jobs Act (TCJA) being such a comprehensive bill, there is often some uncertainty over various provisions and how they are to be interpreted. While the IRS has offered some guidance over the past year, one

Explosion Options for Advanced Users of Microsoft Dynamics 365 and AX 2012

December 21st, 2018|Dynamics 365, Dynamics AX, Technology|

The explosion screen is the well known “mini-MRP” in Microsoft Dynamics 365 for Finance and Operations (D365FO) and AX 2012 that is available from Sales order lines, Production orders, Net Requirement screen, and planned production orders. Below you see a

3 Reasons Chief Security Officers Should Have PR on Speed Dial

December 18th, 2018|Uncategorized|

As Warren Buffet says, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” If every executive or chief security officer considered the long-term effects that crises

Dynamics 365 Case Study: Sevan Multi-Site Solutions

December 18th, 2018|Case Study, Cloud, Dynamics 365, Technology|

Sevan Company Profile Headquarters Downers Grove, Illinois Team Members 500 Industry Integrated design-build firm; architecture, engineering, construction (AEC); program management; facilities management Company Type Privately Held Sevan Multi-Site Solutions builds a cloud-based infrastructure to enable employees to

Sikich Series on Tax Reform: IRS Issues Guidance on Employee Parking Benefits for Exempt Organizations

December 18th, 2018|Uncategorized|

The adage goes “there is no such thing as a free lunch.” Perhaps this could be expanded now to be “there’s no such thing as free parking.” Last year’s “Tax Cuts and Jobs Act” (TCJA) heralded sizable tax cuts

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