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.

Reducing the Risk, Complexity, and Cost of Compliance and Reporting in Life Sciences Companies

November 28th, 2018|NetSuite, Technology|

For life sciences companies, regulatory compliance never becomes any less complex and stringent. Depending on the exact nature of your work and where you do business, multiple regulatory frameworks apply. Existing frameworks may be refined by regulators and governments, requiring

Sikich Series on Tax Reform: IRS Issues Proposed Regulations on New Limits for Deducting Business Interest Expense

November 27th, 2018|Tax|

Among the stated principles in last year’s tax reform legislation, the “Tax Cuts and Jobs Act” (TCJA) was to promote economic growth, create new jobs, and make U.S. companies more competitive with companies around the world. Some of the key

Sikich Series on Tax Reform: IRS Issues Guidance on New Opportunity Zone Incentive

November 27th, 2018|Tax|

Opportunity Knocks One of the lesser known provisions in last year’s Tax Cuts and Jobs Act (TCJA) may soon be a popular topic, as the new Opportunity Zones (OZ) offer a tax incentive for many taxpayers. While we addressed this

Tax Considerations for Real Estate Investors: How Does the Qualified Business Income Deduction Apply to Real Estate Businesses?

November 26th, 2018|Tax|

General Qualified Business Income Deduction Under the tax reform legislation passed in December 2017, individuals with business income from pass-through entities (partnerships, LLCs, S Corporations and sole proprietorships) may qualify for the new Qualified Business Income Deduction under new IRC

How to Change Windows Default Apps For Your Entire Organization

November 26th, 2018|Technology, Tips & Tricks|

The time may come when as an administrator you need to enforce a handful of default applications for a set of users or workstations across your organization. I suppose you could walk to each user and open each machine’s default

Sikich Series on Tax Reform: Changes NOT Included in Tax Cuts and Jobs Act Offer Opportunity – LIFO Inventory Method

November 21st, 2018|Manufacturing, Tax|

An “Interest-Free Loan” from the Government - Compliments of LIFO Are you a manufacturer or distributor interested in an interest-free loan from the government? If so, then please complete the following short “loan” checklist to see if it's right for you: Does

Attention Manufacturers: You Probably Qualify for R&D Tax Credits

November 21st, 2018|Manufacturing, Tax|

In today’s competitive global marketplace, manufacturers must constantly innovate in response to evolving customer needs. The companies that do this will more than likely end up performing activities that qualify for Research and Development (R&D) tax credits.  Opportunities for Growth  Sikich’s 2018 Manufacturing Report found that 28

Workforce Challenges Continue as Top Priority for Manufacturing

November 21st, 2018|Human Resources, Manufacturing|

By: Joy Duce, SPHR  In the manufacturing arena, recruiting employees is harder now than it has ever been in the past ten years. In fact, according to the Society for Human Resources Management, one-third of HR professionals in manufacturing have said in recent months that they can’t fill

The Top Six Ways to Show Employee Appreciation Besides Bonuses During the Holidays

November 21st, 2018|Human Resources|

‘Tis the season to celebrate your employees and show appreciation for their hard work and commitment. Not every organization has the means to offer bonuses to their entire staff, nor do some companies wish to reward their employees solely on

Microsoft’s Power Platform and (Your Business’) Common Data Model

November 20th, 2018|Dynamics 365, ERP, Technology|

Announcement at Ignite 2018 At the recent Microsoft Ignite 2018 Conference, an announcement was made by Microsoft, SAP, and Adobe named the “Open Data Initiative.”  The purpose of this pre-announcement was to demonstrate to business organizations that their data is

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

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