Oversight Over Outsourced Service Providers and Review of a SOC 1 Report

Many employee benefit plans (the Plan) engage consultants (such as record keepers, trustees, and custodians) to provide services and process transactions on behalf of the… Read More Oversight Over ...

Forfeitures, Revenue Sharing and ERISA Accounts: Here’s What You Need To Know

Forfeitures in Defined Contribution Plans The term forfeiture comes from Internal Revenue Code Section 411, which addresses vesting requirements for qualified plans. Forfeitures are a… Read More Fo...

Want to be Eligible for the New 2018 Employer Tax Credit? Take the Time to Document Your Family Medical Leave Policy

Congress signed a new tax act into law in January that will have federal tax credit implications for 2018. To take advantage of the new… Read More Want to be Eligible for the New 2018 Employer Tax ...

HSA Contribution Limit: Changes and What It Means for You

Under the Tax Cuts and Jobs Act, Health Savings Account (HSA) contributions for family coverage decreased from $6,900 to $6,850. The $50 reduction for employees… Read More HSA Contribution Limit: C...

Top 10 Reasons to Host ERP in the Azure Cloud

By now you’ve heard countless arguments about why moving your ERP solution to the cloud is the smartest decision your business can make. Once you’ve… Read More Top 10 Reasons to Host ERP in the Azu...

The Microsoft Business Applications Summit Will Help Move Your Business Forward

The Microsoft Business Applications Summit is coming this summer, July 22-24, 2018 in Seattle. Microsoft calls this event their “Convergence of Conferences,” that includes the… Read More The Micros...

Attracting & Retaining Talent in the Trade Industry

The U.S. commercial and residential construction industry is booming with work; spending on new projects peaked at $1 trillion in late 2017. However, the industry… Read More Attracting & Retaining ...

Introducing the Sikich NetSuite Prendio Connector

The Sikich NetSuite Prendio Connector is intended to provide clients with a solution that integrates their NetSuite ERP application with their Prendio purchasing application. This… Read More Introd...

Sikich Teaches at 2018 WGFOA Governmental Accounting Workshops – Summer 2018

The Wisconsin Government Finance Officers Association is offering a workshop that covers important topics as it relates to the special reporting and principles for state… Read More Sikich Teaches a...

How SD-WAN Is Changing Business in the Cloud

By now you’ve probably heard of SD-WAN. It’s a hot buzzword and like other buzzwords, the meaning is often attention grabbing, yet it lacks real… Read More How SD-WAN Is Changing Business in the Cl...

Introducing Microsoft Dynamics 365 Business Central

On April 2, 2018, Microsoft released a new SaaS (software as a service) offering as part of the Dynamics family, Dynamics 365 Business Central. If… Read More Introducing Microsoft Dynamics 365 Busi...

Sikich Series on Tax Reform: A Company’s Response to Tax Reform Legislation

On December 22, 2017, the “Tax Cuts and Jobs Act” (“TCJA”) was signed into law. This was comprehensive tax legislation—the first in over 30 years.… Read More Sikich Series on Tax Reform: ...

How Dynamics 365 Business Central Licensing Works

Now that we know what Dynamics 365 Business Central is and the value it can deliver, how does the licensing model work? Dynamics 365 Business… Read More How Dynamics 365 Business Central Licensing ...

Incorporating reCAPTCHA in NetSuite Forms

NetSuite provides the ability to create online forms that can feed your leads, prospects, and other record types in your NetSuite system, but one of… Read More Incorporating reCAPTCHA in NetSuite F...

How to Create a Microsoft Flow Directly From Email

Lately I’ve really been digging into Microsoft Flow and Azure Logic Apps. One of my favorite features in Flow is actually an Outlook 365 action!… Read More How to Create a Microsoft Flow Directly...

Tax Reform Legislation Whitepaper

Your Amazon Business Playbook

Not-for-Profits and Restricted Assets: What You Need to Know

Not-for-profit organizations are required to follow specific guidelines when it comes to accounting and financial reporting—particularly when involving restricted assets. Jennifer Casacchia, an a...

How to Rename Custom Fields in NetSuite

The ability to add a custom field to forms in NetSuite is a great feature that allows you to change the view of your system… Read More How to Rename Custom Fields in NetSuite

Should I Move My File Server to the Cloud?

Multiple times per week, I’m discussing the idea of a traditional on-premises file server versus moving to the cloud. Moving to the cloud could mean… Read More Should I Move My File Server to the...

What is SD-WAN and Why Should You Care?

Your deadline is coming up and you’re working feverishly to finish a project, when the Internet dies. Okay, the Internet didn’t really die, but the… Read More What is SD-WAN and Why Should You Care...

Tackling Inventory Dilemmas in a Connected World

NetSuite Will No Longer Support TLS 1.0 or 1.1 as of April 21, 2018

What is TLS? TLS is Transport Layer Security and is an industry standard designed to protect the privacy of information communicated over the Internet. Analysis… Read More NetSuite Will No Longer S...

Administration Announces New Tariffs – Analysis and Observations

On March 8, 2018 President Trump announced global tariffs of 25% on steel imports and 10% on aluminum imports. The tariff was imposed under Section… Read More Administration Announces New Tariffs –...

Strategic Marketing: Build your Marketing Plan with GOST Framework

How to Convert Phone Number Types in Skype for Business Online

Skype for Business makes it easy for businesses to simplify their infrastructures with one platform for calling, conferencing, video, and sharing. With Skype for Business,… Read More How to Convert...

Achieving Business Breakthroughs with Cloud ERP

Outlook on Wholesale Distribution for 2018

A Risk-Based Approach to Maximizing Security Control Investments

Buying the latest and greatest, best-of-breed security solutions without employing a risk-based approach to security is not a sound strategy for an information security program.… Read More A Risk-B...

NetSuite CSV Import: Import Credit Memo and Apply to Invoice

NetSuite supports the ability to import a Credit Memo and apply it to a Sales Invoice in the process. This process is similar to importing… Read More NetSuite CSV Import: Import Credit Memo and App...

Congress Passes Appropriations Bill with Several Tax Provisions

Early on March 23, 2018 Congress passed the Consolidated Appropriations Act, 2018 (H.R.1625 – “CAA” or the “Act”). This Act was a $1.8 trillion spending… Read More Congress Passes Appropr...

Sikich Series on Tax Reform: “Grain Glitch” Gone – Congress Fixes Special Deduction with Cooperatives Impacting Farmers

The Consolidated Appropriations Act of 2018 (“CAA”) passed Congress and was signed into law by President Trump on March 23, 2018. The $1.3 trillion spending… Read More Sikich Series on Tax Refo...

The Importance of IT Contract Management

When most people think of IT, they think of the purely technical side of things. However, there are management components that are necessary to keep… Read More The Importance of IT Contract Managem...

NetSuite Planning and Budgeting Cloud Services (PBCS)

We are excited to now be able to offer Oracle’s PBCS (Planning and Budgeting Cloud Service). We are able to assist our NetSuite clients with… Read More NetSuite Planning and Budgeting Cloud Service...

Measuring Customer Satisfaction Helps Both Clients and Managed Services Providers

If your business utilizes a Managed Services provider for its technology, you’ve undoubtedly had to submit a support ticket or two. You’ve also most likely… Read More Measuring Customer Satisfactio...

Sikich Series on Tax Reform: Tax Reform Impact for Manufacturers and Distributors

Executive Summary The recently enacted “Tax Cuts and Jobs Act” will impact businesses of all sizes, in virtually all industries. There are a number of… Read More Sikich Series on Tax Reform: Ta...

A Better Way to Handle NetSuite Rejection Reasons on Approval Workflows

Often, when developing an approval processes in NetSuite via Workflows, we are posed with the issue of how to handle rejections. Should the record be… Read More A Better Way to Handle NetSuite Reje...

Working Together: Human Resources & Branding

The term “branding” is commonly used when speaking about an organization’s marketing strategy, but the value of a brand as it relates to human resources… Read More Working Together: Human Res...

How to Create NetSuite Mandatory Sublists in Update 2018.1

Missing or incomplete data in NetSuite can adversely impact sales and financial reporting. Here's how to create NetSuite mandatory sublists to prevent missing data, thanks to NetSuite update 2018.1...

NetSuite 2018.1 Includes New Features for Wholesale Distributors

NetSuite is a true cloud solution and includes major releases twice per year as part of your subscription. The fantastic thing is that the upgrades… Read More NetSuite 2018.1 Includes New Features ...

A Look Ahead for Small & Mid-Sized Businesses

Small and mid-sized business owners can quickly gain an advantage over their competitors by working smarter, not harder. The metrics highlighted below can help you build… Read More A Look Ahead fo...

Restricting Access to Microsoft Azure PaaS Databases from Microsoft Azure Virtual Machines

The Problem PaaS (Platform as a Service) SQL instances in Azure take a lot of work out of having to maintain and license an instance… Read More Restricting Access to Microsoft Azure PaaS Databases ...

Pre-Recorded Webinar: Navigating the New Tax Landscape

We invite you to view our webinar, “Navigating the New Tax Landscape.” Recorded on January 18th, our experts explored how the tax landscape has changed… Read More Pre-Recorded Webinar: Navigating t...

How to Avoid Accruals Related to Vendor Bill Approvals in NetSuite

Reduce accruals by using the payment hold field instead of approval status field in NetSuite! With NetSuite’s SuiteFlow (workflow) tool, companies can implement custom approval… Read More How to ...

Content Marketing: The Power of a Good Story

How to Track Revenue Recognition in NetSuite

Are you tired of manually tracking revenue recognition outside your ERP system? With NetSuite, you can easily account for any contract under any revenue standard,… Read More How to Track Revenue Re...

What is the Underlying Technology Behind Blockchain?

Businesses that hear about blockchain might be wondering just how they can utilize this new technology to their benefit. There isn’t a one-size-fits-all solution for… Read More What is the Underlyi...

NetSuite 2018.1 New Features for Manufacturers

NetSuite is a true cloud solution and includes major releases twice per year as part of your subscription. The fantastic thing is that the upgrades… Read More NetSuite 2018.1 New Features for Manuf...

5 reasons why SEO is key for small business success

Sikich Series on Tax Reform: How the New Tax Law Will Affect Charitable Giving for Colleges and Universities

Under the Tax Cuts and Jobs Act (the “Tax Act”), the new law preserves the deductibility of charitable contributions, restructures other itemized deductions, and increases… Read More Sikich Ser...

Sikich Series on Tax Reform: Leveling the Playing Field for Pass-Through Entities: Overview of the New 20% Deduction for QBI

How Small Businesses Can Use Blockchain

How can small-to-medium-sized business use blockchain technology to their advantage? This new advancement is more than a buzzword or new kind of digital currency. In… Read More How Small Businesses...

Do I Convert Back to C Corporation, S Corporation or Not Convert At All?

We consistently get the question from clients and contacts about how the new tax law impacts them. For example, business owners want to know whether… Read More Do I Convert Back to C Corporation, S...

Printing Journal Entries in NetSuite 2017.2

NetSuite continues to add functionality and depth to their user experience with the 2017.2 update. Controllers, Accountants, and Auditors will finally be able to print… Read More Printing Journal E...

Database Health and the Check Database Integrity Maintenance Task

Most users are focused on Dynamics GP performance and the validation of the data within the system. This is extremely important. Yet, we sometimes forget… Read More Database Health and the Check Da...

Top 10 INFLUENTIAL Graphic Design Trends for 2018

Side-by-Side Bank Reconciliation Tools in NetSuite 2017.2

Protecting Yourself Against Data Breaches

As an advisor to middle-market businesses, I have become increasingly aware of the new risks that face our business owners, one of which is the… Read More Protecting Yourself Against Data Breaches...

NetSuite Success Story: In USA Case Study

In USA is a manufacturing company that produces ozone monitoring and ozone generation systems for the water treatment industry, food and beverage industry, and semiconductor… Read More NetSuite Suc...

Responsive Web Design in 2018: A necessity not a luxury

Dynamics GP Success Story: Clarke Corp Case Study

Clarke Corp distributes high-end appliances throughout New England. Tom Clarke founded the company in 1991. His idea for distributing appliances was to invite consumers into… Read More Dynamics GP ...

Vulnerability Scanning Scope – The ASV Program Guide and Sampling

When you’re wading into the external vulnerability scanning requirement of the Payment Card Industry Data Security Standard (PCI DSS), the most frequent question we hear… Read More Vulnerability ...

Dynamics 365 Success Story: Adamas Pharmaceuticals Case Study

Adamas Pharmaceuticals is a biopharmaceutical company that focuses upon the central nervous system (CNS). They have focused their main product on levodopa-induced dyskinesia. They currently… Read M...

Congress Passes Budget Agreement

What You Need to Know About Several Retroactive Tax Provisions Congress reached an agreement on a two-year budget in early February. The Bipartisan Budget Act… Read More Congress Passes Budget Agre...

Positioning your brand in 2018: How to make your brand stand out

The Azure Response to the Recent Meltdown/Spectre Intel Security Vulnerability

In case you hadn’t heard, Intel recently revealed on January 3, 2018 two critical vulnerabilities they found in Intel chips. These vulnerabilities allow cyber-attackers to steal… Read More The Azu...

Download our 30-Minute Guide to Human Resources eBook

Human Resources (HR) and compliance often go hand in hand. Often lumped together with administrative or financial tasks or sometimes even managerial duties, HR departments… Read More Download our 3...

IRS Update on ACA Penalty Notices

By Brandon Soris, CPA On November 2, 2017, the Internal Revenue Service (IRS) updated its Questions and Answers page to provide information regarding employer shared… Read More IRS Update on ACA Pe...

ACA Extension granted for Issuance of Health Coverage Forms for 2017 to Individuals

The IRS announced that it has extended the due date for employers to provide 2017 health coverage information to individuals. Insurers, self-insuring employers, and other… Read More ACA Extension g...

Sikich HR Consulting Services

NetSuite Success Story: Community Boating Center Case Study

Sikich had the opportunity to help Community Boating Center in Bedford, Massachusetts consolidate their multiple software systems into one complete application—NetSuite. About Community Boating C...

A Simple Blockchain Guide on its Underlying Technology

30-Minute Guide To Human Resources

Is Your ERP Making All the Right Plays?

Is your ERP system running as smoothly as the Philadelphia Eagles’ run to the Big Game or does it miss a crucial catch like Tom… Read More Is Your ERP Making All the Right Plays?

New Section 199A – Impact on Cooperative and Non-Cooperative Elevators/Companies

Last minute amendments to the 2017 Tax Cuts and Jobs Act have created a significant controversy in the agricultural industry. A provision sponsored by Senators… Read More New Section 199A – Impact ...

Dynamics GP Success Story: Roche Bros. Case Study

Roche Bros. is a privately owned and operated supermarket company based in Wellesley, Massachusetts. The company was founded in 1952, and now there are 18… Read More Dynamics GP Success Story: Roch...

2018 Manufacturing Survey

Let Your Voice Be Heard Hundreds of industry leaders and business owners alike invest 10-15 minutes of their time to participate in our annual survey.… Read More 2018 Manufacturing Survey

THE BASICS OF THE DEDUCTION FOR QUALIFIED BUSINESS INCOME UNDER SECTION 199A FOR FARMERS

The Tax Cuts and Jobs Act (the Act) was signed into law on December 22, 2017. This legislation is the most comprehensive tax reform since… Read More THE BASICS OF THE DEDUCTION FOR QUALIFIED BUSINE...

What is Search Engine Optimization? S-E-Ohhh

Sikich Series on Tax Reform – Meal and Entertainment Deductions

Congress Puts Businesses on a Diet  The recently adopted “Tax Cuts and Jobs Act” is a comprehensive and complex piece of tax legislation. It is… Read More Sikich Series on Tax Reform – Meal an...

6 Signs Your Company Website is Out of Date

Employee Benefit Provisions Impacted in the Tax Cut and Jobs Act (TCJA)

The recently enacted tax law included a variety of employee benefits. Below are some highlights to be aware of in the coming years: Individual Mandate… Read More Employee Benefit Provisions Impacte...

Sikich Series on Tax Reform – Estate Planning After Tax Reform: Does This Mean I Don’t Need to Do Anything Unless I’m Rich?

On December 22, 2017, Congress and the White House signed Tax reform into law marking the most sweeping overhaul of the tax code in 30… Read More Sikich Series on Tax Reform – Estate Planning Aft...

Sikich Series on Tax Reform – Tax Reform’s Impact on the Construction Industry

The Tax Cuts and Jobs Act signed by the President on December 22, 2017 has several provisions that are important to contractors. These include: C… Read More Sikich Series on Tax Reform – Tax Refo...

Sikich Series on Tax Reform – The New Landscape of U.S. International Tax under Tax Cuts and Jobs Act of 2017

On December 15, 2017, the House and Senate Conference Committee released an updated version of the Tax Cuts and Jobs Act of 2017 (the “Tax… Read More Sikich Series on Tax Reform – The New Lands...

How NetSuite is Your Private Business’s Best Asset for ASC 606

The new regulatory standard, ASC 606, has had a large impact on finance teams that affects all industries. If you are a private company, there… Read More How NetSuite is Your Private Business’s Bes...

Sikich Marketing: Who We Are and What We Do

Design, Passion, and the School of Hard Knocks Sikich Marketing & Design traces its roots to an entrepreneurial pair of ambitious designers. As one of… Read More Sikich Marketing: Who We Are and Wh...

New Ohio Tax Amnesty Program Available Until February 15

The Ohio Department of Taxation oversees a variety of taxes within the state. The most common taxes include the Commercial Activity Tax (CAT), Sales and… Read More New Ohio Tax Amnesty Program Avai...

Is Your Private Business Ready for ASC 606?

It’s no surprise that revenue is the most critical financial measure for most businesses as well as their owners, lenders, and stakeholders. In the early… Read More Is Your Private Business Ready f...

Revolutionize Manufacturing with Blockchain

Blockchain is yet another—excuse the pun—link in the Internet of Things chain that can set manufacturers to outpace their competition. Whereas the Internet of Things… Read More Revolutionize Ma...

Five 2018 Technology Trends Your Business Will Benefit From

In 2018, many of the most surprising and valuable events impacting your business will be the result of technology and industry trends that are well… Read More Five 2018 Technology Trends Your Busin...

Sikich Series on Tax Reform – Tax Cuts and Jobs Act Includes Significant Changes for Tax-Exempt Organizations

The passing of the tax reform bill means a new tax landscape for numerous businesses, individuals, and not-for-profit organizations. Congressional leaders and the administration announced… Read Mor...

Sikich Series on Tax Reform – 8 Before ’18

The “Tax Cuts and Jobs Act” (H.R. 1) passed Congress on December 20, 2017. The President signed the tax bill into law on December 22,… Read More Sikich Series on Tax Reform – 8 Before ’18...

Sikich Series on Tax Reform – Congress Passes Historic Tax Reform Package

On what is now a historic day, Congress fulfilled its promise of delivering comprehensive tax reform before the New Year. After some last minute glitches,… Read More Sikich Series on Tax Reform –...

How NetSuite Overcomes Clinical Research Organization Software Challenges

We recently discussed the various software challenges that Clinical Research Organizations (CROs) face and explained how Enterprise Resource Planning (ERP) software addresses these challenges. Here...

Sikich Series on Tax Reform – House-Senate Conference Adopts Compromise Tax Reform Bill

 Legislation Set for Final Votes in Congress Next Week The “Tax Cuts and Jobs Act” (H.R. 1) is one step closer to passage. The House-Senate… Read More Sikich Series on Tax Reform – House-Sen...

Happy Holidays from Sikich and Chris Geier, CEO and Managing Partner

Overcoming Clinical Research Organization Software Challenges

Clinical Research Organizations (CROs) are a subset of contract research organizations that provide clinical trials and other research support services for various industries. These industries… Rea...

Filing EO Applications? Expect These Changes in Early 2018

If you’re filing EO applications next year, you may see some additional questions and boxes on your forms. Soon, the IRS will revise Form 1023,… Read More Filing EO Applications? Expect These Cha...