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

3 Reasons Chief Security Officers Should Have PR on Speed Dial

December 18th, 2018|Uncategorized|

As Warren Buffet says, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” If every executive or chief security officer considered the long-term effects that crises

Dynamics 365 Case Study: Sevan Multi-Site Solutions

December 18th, 2018|Case Study, Cloud, Dynamics 365, Technology|

Sevan Company Profile Headquarters Downers Grove, Illinois Team Members 500 Industry Integrated design-build firm; architecture, engineering, construction (AEC); program management; facilities management Company Type Privately Held Sevan Multi-Site Solutions builds a cloud-based infrastructure to enable employees to

Sikich Series on Tax Reform: IRS Issues Guidance on Employee Parking Benefits for Exempt Organizations

December 18th, 2018|Uncategorized|

The adage goes “there is no such thing as a free lunch.” Perhaps this could be expanded now to be “there’s no such thing as free parking.” Last year’s “Tax Cuts and Jobs Act” (TCJA) heralded sizable tax cuts

Production Gantt Chart – Functional Details You Probably Did Not Know

December 18th, 2018|Dynamics 365, Technology, Tips & Tricks|

Gantt charts for Production orders have existed since the earliest versions of the system. Recently in D365 for Finance and Operations significant improvements have been made to the graphics and a new feature for material shortage has been added. This

NetSuite Multi-book Accounting – The Multiple Reasons it May be Useful to Your Business

December 13th, 2018|NetSuite, Technology, Tips & Tricks|

How many finance people have spent countless hours using excel spreadsheets to adjust NetSuite Reporting to conform to a secondary Accounting Standard including Tax Adjustments, IFRS reporting, ASC 606 Retrospective Reporting, or Industry specific reporting? If any of these situations

What You Could Be Doing Wrong on LinkedIn: Your Title and Employer Aren’t Up-to-Date

December 12th, 2018|Uncategorized|

We live in an age where yesterday’s news is old news (remember Grumpy Cat? Me neither). We have live news streams available at our fingertips and can stay up-to-date with current events in real time, pushing yesterday’s news far down

Sikich Series on Tax Reform: Impact of the “Tax Cuts and Jobs Act” on Private Equity

December 12th, 2018|Tax|

The guiding principles in the 2017 Tax Cuts and Jobs Act (“TCJA”) enacted in December 2017 were to create jobs, stimulate economic growth, and make American businesses more competitive in the global marketplace. The key focus of this new

New Jersey Offers Tax Amnesty Program Through January 15th (New Mexico’s Program Set to Expire on December 31st)

December 11th, 2018|Audit and Tax|

Businesses with New Jersey underreported taxes and/or unfiled tax returns may now qualify for a tax amnesty program that ends on January 15, 2019.  Program Breakdown   This program provides relief from state tax liabilities for tax returns due on/after February 1, 2009 and through September 1, 2017. Taxpayers can pay back taxes, file past due tax returns,

Sikich Series on Tax Reform: Guidance on Gifting – What It Means for Your Taxes

December 11th, 2018|Audit and Tax, Tax|

On November 20, 2018, the IRS issued proposed regulations which further clarified the taxation of past and future gifts under the new tax law. It provides guidance on how gifts will be treated in the future and how the tax will be mathematically calculated to avoid unfair results. 

Creating a Custom Field That Uses Calculated Data from a Saved Search

December 11th, 2018|NetSuite, Technology|

Sometimes a business requirement demands that the data in a custom field is not something that can be derived by sourcing or using a formula. You may need to provide a total of the quantity of all items on a

Reminder: 403(b) Plan Documents Deadline Coming Up

December 7th, 2018|Uncategorized|

The deadline for plan sponsors to update their 403(b) plan documents to a pre-approved plan is quickly approaching. Background On March 31, 2017, the Internal Revenue Service (IRS) issued a letter regarding pre-approved prototype plans in Revenue Procedure 2017-18. This

How to Add Employee Details in NetSuite Charge-Based Invoices

December 7th, 2018|NetSuite, Technology, Tips & Tricks|

A Project record in NetSuite allows for several different billing types: Fixed Bid Interval, Fixed Bid Milestone, Time & Materials and Charge-Based. The first three options (Fixed Bid Interval, Fixed Bid Milestone and Time & Materials) are basic options for

Sikich Series on Tax Reform: Impact of Tax Reform on Choice of Entity

December 6th, 2018|Uncategorized|

The question of entity choice is again top of mind for many business owners, given the many changes that became effective January 1, 2018. With change comes a lot of questions and we’ve outlined several key points to explore.

You Have More Time! The ACA Reporting Deadline Is Extended

December 5th, 2018|Uncategorized|

The Affordable Care Act (ACA) 2019 reporting deadline was extended from January 31, 2019 to March 4, 2019 in IRS Notice 2018-94. The Notice extends the date that employers and insurers must provide individual statements on 2018 health coverage. Also

Translating Life Science Companies’ Data Assets into Business Advantages

December 5th, 2018|NetSuite, Office 365, Technology|

The medical and scientific innovation and research that is core to life sciences companies is reflected in large and continuously expanding volumes of data. Most often, research and scientific data is generated and managed in applications that are purpose-built for

How to Customize Advanced PDF Templates for NetSuite Custom Records

December 4th, 2018|NetSuite, Technology, Tips & Tricks|

Users of NetSuite custom records previously had two options for printing: Using the Print button, which essentially did a poorly formatted “print screen,” or building a customized PDF using SuiteScript. NetSuite now automatically creates a Standard Advanced PDF HTML Template

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