Latest Insights
Dive into Sikich’s entrepreneurial thought leadership, for clarity on the recent trends affecting your business.
How to Correct Purchase Order Receipts in Dynamics 365
In the day-to-day operations of a warehouse, incorrect transactions are a part of life. Recently, a colleague asked for my help on one of these scenarios, specifically correcting a purchase order receipt. After reviewing my notes and finding piecemeal answers
Regarding Security Breaches and Passwords
Two of the most frequently asked questions that come across my desk are “Do I need to worry about the ‘fill in the blank’ security issue I saw on the news this week?” and “Why do you IT guys always
Understanding your Composite Score
The importance of a composite score Introduced as an amendment to the Higher Education Act of 1965, a composite score is a tool used to measure the relative financial health of an educational institution. What
Why Do I Need Multifactor Authentication in Office 365? Isn’t a Password Enough?
Just 8-10 years ago, if you had a business, you needed email. And if you needed email, you needed a Microsoft Exchange server. It was just the way the world was. When you had your own email server, that meant
Server Recovery Using StorageCraft HeadStart Restore
StorageCraft ImageManager provides several functionalities, including the ability to create an HSR (HeadStart Restore) job. An HSR job is used to start a restore operation before a disaster happens. An HSR job can significantly reduce server restore time when a
Using Live Migration to Move Virtual Machines to a New Host
Moving a Virtual Machine (VM) from one stand-alone Microsoft Hyper-V host server to another is a common practice. It is most often associated with an upgrade cycle where the old Hyper-V server is being replaced with new hardware and an
Is Your Private Information Protected from Phishing During Tax Season?
Whether you’re an individual or a person in a finance role such as accounts payable, accounts receivable, or payroll, you could be the target of phishing this tax season. Gone are the days of obvious spam messages filled with
Changes in Office 365 Email Encryption
The Office 365 email encryption service has been around for a long time. I can still recall doing some configurations for a predecessor to this service back when it used to be called Exchange Hosted Encryption! For the most part,
How to Track Serial and Lot Assembly Items in NetSuite
NetSuite provides you with complete visibility into all of your different lot and serial numbers throughout your entire supply chain process. More specifically, the Lot Traceability SuiteSolution allows users to trace assembly lot items or component lot items all the way
Tax Considerations for Real Estate Investors: New Limitation on Interest Expense Deductions
How the Interest Expense Deduction Affects Real Estate Investors Under the Tax Cuts and Jobs Act, “TCJA,” one of the revenue generators was new IRC code section 163(j) which limits the ability of a business to deduct its interest
Other, Less Obvious Considerations for Calculating the Total Cost of Ownership for ERP
We've already covered all of the big costs a business needs to consider when calculating the Total Cost of Ownership for a new ERP solution. However, a full calculation for TCO is not complete without considering all of the less
Using External Business Websites in NetSuite
Are there external business websites that you use for daily tasks, and you’re tired of switching in and out of NetSuite on your browser to view them? Well, you can easily add them to your NetSuite dashboard for quick referencing!
Revenue Recognition for Contractors – Actually, It Will Affect You
The impact of revenue recognition on contractors Over the last several months, our conversations with contractors about the new revenue recognition standard have typically started with their assertion that “it's not going to affect us.” By and large, they
Cost Considerations for Calculating Total Cost of Ownership for ERP Business Applications
As good a source as any for this purpose, Wikipedia defines Total Cost of Ownership (TCO) as a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. TCO, when incorporated
Employee Expense Reimbursement – Changes in Illinois Law
Effective January 1, 2019, the Illinois Wage Payment and Collection Act (IWPCA) now requires employers to reimburse employees for “all necessary expenditures and losses incurred within the employee’s scope of employment and directly related to services performed for the
Wealth Management: How to Set Goals & Save for Retirement
What is the secret to losing weight? It's eating less and working out. It's simple, but it's not easy. It's not easy because it requires discipline, a hard attribute to pin down. Like losing weight, budgeting and saving can be hard.
Tax Alert for Contractors Doing Business in Indiana – New Excise Tax Replaces Property Tax on Heavy Rental Equipment
How the New Excise Tax Affects Contractors in Indiana Effective January 1, 2019, Indiana approved House Enrolled Act No. 1323 creating a new excise tax on heavy equipment rentals without operators at a rate equal to 2.25% of the
Creating Billing Rate Cards in NetSuite Charge-Based Billing Projects
Utilizing Billing Rate Cards can be a beneficial addition for any users in NetSuite who are already working with Billing Classes. If you currently use Billing Classes today without Rate Cards, you may notice that there is only a 1
Why Private Equity Firms Need to Include Cybersecurity in Their Due Diligence Process
The threat of a cybersecurity breach is often overlooked in the chaos of an acquisition, despite the potential risk such breaches can have on the valuation of an organization. Private equity firms purchasing portfolio companies should conduct thorough cybersecurity due
Sikich M&A Disputes Roundtable Discussion
Download our Sikich Forensics Academy - M&A Disputes Roundtable Discussion recording to learn more about key considerations in M&A disputes and disputes involving private equity and portfolio companies, principals/managers and investors. M&A experts cover how to manage increasing regulatory burden
Sikich Series on Tax Reform: What to Expect this Tax Filing Season – Part 1: Individuals
You may recall about a year ago all the articles and published materials covering tax reform that Congress and President Trump enacted on December 22, 2017. As you might remember, 2018 is the first full year that this new
Troubleshooting Network Issues With Hyper-V Guest Virtual Servers
Experiencing odd network issues with Hyper-V guest virtual servers is an old issue, but it is one I still occasionally see. It especially crops up on HPe Proliant Servers. What typically happens is that your Hyper-V guest virtual servers seem
Sikich Series on Tax Reform: IRS Issues Final Regulations for New 20% Deduction for Pass-through Businesses
The IRS issued its final regulations on January 18, 2019 on the new 20% deduction for Qualified Business Income (“QBI”) for pass-through businesses (Section 199A). This new deduction was added as part of the “Tax Cuts and Jobs Act”
Tax Reform Opportunities for Private Equity Firms in the M&D Industry
The Tax Cuts and Jobs Act (TCJA) is a comprehensive tax bill impacting all manufacturing and distribution (M&D) companies, both large and small. TCJA offers significant tax cuts and tax rate reduction for businesses, applying to both C Corporations and
