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.

Boosting the Spending Value of Procurement in Life Sciences Companies

November 19th, 2018|NetSuite, Technology|

In the spending of most life sciences companies, roughly equal amounts go to CRO engagements and the volume purchasing of lab supplies and other goods. Contracts may be few in number and purchasing transactions many more. That lends additional weight

Pursuing the millennial parent: Three tips to reach today’s mom

November 15th, 2018|Marketing|

By Kara Hamstra Editor: Mackenzie Gorham There are 2 billion moms in the world. Yet, a study from Saatchi & Saatchi finds that half of these women feel that marketing efforts geared towards today’s mamas are “outdated and inaccurate.” With billions

Enabling Outstanding Program Management as a Competitive Advantage for Life Sciences Companies

November 15th, 2018|ERP, NetSuite, Technology|

When life sciences businesses engage with contract research organizations (CRO) to perform pre-clinical testing and other scientific work, millions of dollars can be committed to contracts. Typically, research performed under contract terms comprises multiple projects which are part of larger,

Ensuring the Long-Term Viability of Life Sciences Businesses

November 12th, 2018|ERP, NetSuite, Technology|

Life sciences companies often start small, and their business operations may remain so even as the organization and its activities expand. While scientists and researchers explore promising approaches to new medication or other vital pursuits, a core group of finance,

Sikich Series on Tax Reform: American Idle – Post Mid-Term Election Outlook on Taxes

November 9th, 2018|Tax|

The much anticipated 2018 mid-term elections are over. While there are still several unresolved races, there has been a change in Congress. As was expected, the House will move from a Republican majority to Democratic majority when the new

5 Signs It’s Time to Break Up With Your Dynamics 365 Partner

November 9th, 2018|Dynamics 365, Technology|

When you sign on with a Dynamics 365 partner, you aren't only asking for assistance with installing the Microsoft Dynamics 365 system. You're needing someone to tailor your install specifically for your company's needs. A quality Dynamics 365 partner knows your

Sikich Series on Tax Reform: IRS Guidance on New Credit for Paid Family and Medical Leave

November 9th, 2018|Tax|

Don’t “Leave” Money on the Table by Missing out on this New Tax Incentive The IRS issued guidance on September 24, 2018 related to the new employer credit for paid family and medical leave. This credit was enacted as part

How to Earn a Reporter Interview Without News

November 7th, 2018|Marketing|

It’s a bit of a public relations-style take on the age-old “chicken-or-egg” dilemma: Companies want to be in the news – or, as we’ve heard, “on the front page of The Wall Street Journal.” At the same time, these same companies tell us that they don’t consider their company or leadership newsworthy; that is, they say they haven’t

By the Numbers: How is your retirement plan doing compared to America’s overall savings programs?

November 6th, 2018|Human Resources|

Most plan sponsors want to know how their 401(k) plan stacks up to the average plan. This is often the first question asked when attempting to determine whether an effort should be made to upgrade the features and benefits of

IRS Approves Request for 401(k) Plan-related Student Loan Benefit Program

November 6th, 2018|Human Resources|

The IRS recently released a letter in response to and in favor of an employer’s proposal to amend its plan to offer a student loan benefit program.   Most employers today offer employees retirement plans allowing pretax contributions, such as 401(k) Plans, and have been

Sikich Series on Business Succession Planning: How to Value Your Business

November 5th, 2018|Uncategorized|

There are many reasons a business owner may want or need a business valuation, including negotiating a merger or business sale, considering new shareholders, estate planning, or marital dissolution; however, there are only a few accepted business valuation approaches.

OSHA Provides Important Clarification on Safety Incentive and Drug Testing Guidance Programs

November 5th, 2018|Human Resources|

Earlier this month the Occupational Safety and Health Administration (OSHA) announced important clarifications to the 2016 injury and illness rule. Previously, the 2016 ruling was viewed as having the potential to penalize U.S. employers for certain drug testing policies and

Finding N:N Relationships with Dynamics 365, Logic Apps, and Flow

November 1st, 2018|Dynamics 365, Technology|

Where is my new relationship?? After searching the list of entities, my eyes were getting tired. I could not find the N:N relationship that I had created between Contacts and Customers (Accounts). The schema name was new_contact_customerlocation and it had

Update Your #HashtagStrategy

October 31st, 2018|Marketing, SEO|

Businesses can connect with their audience and build their brand by leveraging hashtags. But don’t think that just putting the “#” symbol in front of any word will make it #effective. If you fear your current digital marketing efforts aren’t reaching or engaging your target market, driving sales, or increasing web traffic, consider reviewing your hashtag strategy. Read on for

New Custom Wisconsin Sales and Use Tax Exemption Certificate

October 30th, 2018|Tax|

The Wisconsin Department of Revenue (WDOR) recently made available a customizable electronic sales and use tax exemption certificate. According to WDOR’s website, taxpayers can “use the electronic certificate to claim an exemption from Wisconsin state, county, baseball stadium, local exposition,

Merger & Acquisition Disputes Involving Private Equity Firms

October 30th, 2018|Uncategorized|

Private equity (PE) firms are built on business models unlike a traditional firm. The operating model of a PE firm is fueled by a shorter-term investment horizon and financial engineering/transformation; whereas, strategic and traditional buyers opt for a longer-term

How Will Like-Kind Exchanges (Trades) of Equipment Affect Farmers Under the New Tax Law?

October 26th, 2018|Audit and Tax|

Have you heard talk at the coffee shop or grain elevator that the new tax law will prevent you from a tax-free exchange of your farm equipment? Yes, it is true for exchanges completed after 2017. The new tax law,

How to Create Quick Access to File Attachments in NetSuite

October 25th, 2018|NetSuite, Technology, Tips & Tricks|

One of the great things that NetSuite allows for is the attachment of files to a transaction. This is perfect for adding supporting documentation like acknowledgments and invoices sent from a vendor. What if you could take it a step

Microsoft’s Task and Project-based Ecosystem – Part 1

October 24th, 2018|Dynamics 365, Office 365, Technology|

Microsoft has historically provided a variety of tools to help you manage and track the work you as an individual perform as well as what your team delivers in terms of a “temporary endeavor to deliver a product, service or

Green Manufacturing: How to Be an Eco-friendly Manufacturer

October 24th, 2018|Manufacturing|

Green manufacturing is the concept of decreasing waste, minimizing the use of natural resources, and reusing and recycling materials within a manufacturing plant or factory. This eco-friendly approach utilizes research and technology to reduce pollution, resources, and, ultimately, a company’s adverse impact on the planet.   

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