Insights 2018-05-18T10:34:43+00:00

Latest Insights

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

M&D Mini Series: Manufacturing Outlook: 2018 and Beyond

August 16th, 2018|Manufacturing|

Fewer manufacturers and distributors say they’re more optimistic about the U.S. economy than the previous year. The number of manufacturers saying they’re more optimistic about the U.S. economy fell to 66 percent, down from 75 percent last year. In addition,

Potential Relief for Not-for-Profit Organizations Expected to Pay Taxes on Transportation Fringe Benefits/Parking

August 16th, 2018|Not-for-Profit|

Effective since January 1, 2018 and under guidance of the Tax Cuts and Jobs Act of 2017, tax-exempt organizations will pay an Unrelated Business Income Tax (UBIT) on qualified transportation fringe benefits for employees. The flat UBIT of 21 percent

Sikich Series on Tax Reform: Tax Reform’s Impact on the Construction and Real Estate Industry

August 15th, 2018|Tax|

The Tax Cuts and Jobs Act (the Act) was signed into law by the President on December 22, 2017. The comprehensive reforms contained in the Act impact industries and businesses of all sizes. As the main goal of the Act

Tax Considerations for Real Estate Investors Mini Series: “The Land of OZ” Opportunities with the New Opportunity Zone Incentives

August 13th, 2018|Tax|

You may recall that the “Tax Cuts and Jobs Act” enacted last year was a comprehensive tax bill impacting businesses of all sizes in every industry, as well as all individual taxpayers. As with many tax bills, there were several

M&D Mini Series: More Business Leaders are Writing Exit Plans

August 9th, 2018|Manufacturing|

One of the most overlooked yet critical business strategies is succession planning. Business owners know circumstances can change quickly. Economic trends, health issues and buyout offers can catch owners by surprise. That’s why an exit plan is essential. Most business

Sikich Series on Tax Reform: IRS Releases Proposed Regulations on New 20% Pass-through Deduction

August 8th, 2018|Tax|

One of the pillars of last year’s “Tax Cut and Jobs Act” (“TCJA”) was to make the tax code more competitive with the rest of the world. This was accomplished by reducing taxes on businesses, which led to a cut

Sikich Series on Business Succession Planning: Make a Plan, Sell Your Business

August 6th, 2018|Corporate Development|

The old adage, “If you fail to plan, then you are planning to fail,” is applicable in many aspects of life. Planning and preparation lead to a higher level of success in both personal and business endeavors. When it comes to high stakes activities like

FASB Proposes Accounting Standard Update

August 6th, 2018|Audit and Tax, Not-for-Profit|

Proposed Standard Addresses Diversity in Accounting Practice that Exists Between the Application of the Definition of Collections On June 26, 2018, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standard Update (ASU) intended to realign the definition and

Common Issues When Uninstalling Exchange 2010

August 1st, 2018|Information Technology, Technology, Tips & Tricks|

If you follow the Sikich blog, you might notice a reoccurring theme in my past couple blog articles – Exchange 2010. Microsoft Exchange On-Premise Coexistence Issues Related To Time Fixing Exchange Server Message Queue Error “451 4.4.0 DNS QUERY FAILED” This

M&D Mini Series: Robotics are Poised for Growth Amid Workforce Issues

July 26th, 2018|Manufacturing|

Global spending on robotics is expected to reach $87 billion by 2025, up from a previous projection of $67 billion. In many cases, robots are not replacing workers, but actually working alongside them. These collaborative robots, or “cobots,” can perform

Sikich Series on Tax Reform: Another Round of Tax Legislation in 2018? Keep an Eye Out for Tax Reform 2.0

July 25th, 2018|Audit and Tax, Tax|

Last fall, Congress and the Administration enacted significant tax reform - the Tax Cuts and Jobs Act (“TCJA”). This was the first comprehensive tax bill in over 30 years. It was a major political challenge overcoming many legislative hurdles along

Network Recon – Identifying the Location of Equipment on a Network

July 24th, 2018|Technology|

Frequently, it will be required to identify where on the network a device or piece of equipment is connected. This type of reconnaissance can usually be accomplished using information gleaned from typical network protocols and applications. The process consists of

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