Latest Insights

Accounting

Tax Implications of the New Lease Accounting Standards: Part One

September 29, 2021

The rules around lease accounting for books are set to change; however, the changes do not directly impact the rules governing lease accounting for income tax purposes. It is still crucial to review the impact of the new lease accounting rules from a tax perspective.

Article

Common Findings Corner: Clock-to-Credit Conversion Update

September 29, 2021

The Department of Education is no longer considering out-of-class hours for the purposes of the clock-to-credit conversion. This means that the formulas are going back to the way they were before any changes were made, reverting back to 20 clock hours per quarter credit and 30 clock hours per semester/trimester credit.

Technology

Infographic: ETO Projects vs. Construction Projects

September 29, 2021

The lines are becoming blurry between ETO projects and construction projects, which means that the ERP systems can fall behind.

Technology

Turn CRO Client Experience Into Your Competitive Advantage

September 28, 2021

The best way to improve CRO client experience and turn it into a competitive advantage is access to info. The best way to do that is with cloud-based tech.

Technology

Windows 365 Cloud PC: What You Need to Know

September 27, 2021

Microsoft announced a new feature coming to its growing cloud services, Windows 365, which is a full cloud PC solution. Here's what to expect.

Article

Intro to New Lease Accounting Standards (ASC 842): Session 1 Reco...

September 23, 2021

The Sikich team has put together helpful tools and information to share in this first session as you begin to prepare for the new Lease Accounting Standards (ASC 842) implementation.

Article

Intro to New Lease Accounting Standards (ASC 842): Session 1

September 23, 2021

Article

Sikich named a Top 50 Construction Accounting Firm™

September 23, 2021

Sikich ranked 30th on Construction Executive’s annual ranking of the top construction accounting firms. Sikich works with contractors and construction firms across the country, offering everything from DOT and HUD compliance to succession planning to bonding and financing.

Article

The New Lease Accounting Standards: Discount Rates

September 22, 2021

Under the new guidance in ASC 842, lease liabilities reported on the balance sheet represent a lessee’s obligation to make lease payments, measured on a discounted basis. Determining the appropriate discount rate for the lease is now a critical component of calculating lease liability.

Article

Inflation, Inflation, Inflation: Is Now the Time to Consider LIFO...

September 22, 2021

Are you a manufacturer or distributor facing higher prices this year? Whether due to supply chain issues, product shortages, tariffs or all of the above, many businesses are experiencing significantly higher prices this year. When prices go up, it is time to evaluate the benefits of the LIFO (last-in, first-out) inventory method.

Human Resources

Building the Right Staffing Model for Your HR Systems Project: Pa...

September 21, 2021

In the final article of our series, we discuss dispelling the belief that your existing human capital staff can handle an HR systems project while still performing their current jobs and how proper staffing is critical to a successful cloud implementation.

Article

All-in-One Vendor Relationship: How to Choose a Preferred Partner...

September 21, 2021

Having an all-in-one preferred partner lets you bypass the hassles and delays of discrete scoping, separate NDAs, RFPs, processing, the whole nine yards. In a world where time kills all deals, this type of speed is a lifesaver for transactions.

Article

LinkedIn blogging: four compelling reasons to get started

September 21, 2021

To help you on the path to becoming a thought leader, here are four reasons to blog on LinkedIn, a platform that is ideal for developing business, nurturing relationships and raising your profile - from The Agency at Sikich.

Technology

How to Migrate the Windows Server DHCP Role

September 21, 2021

With server hardware and operating systems reaching end of life, one of the Windows server roles that you may need to migrate is the DHCP role.

Article

Bring Home the Gold Medal with Your Next In-Person Event

September 17, 2021

Many marketers are finding that planning in-person events today is quite different than it was pre-COVID. Here are three considerations for your next in-person event that’s gold medal-worthy.

Article

Survivor’s checklist: What to do after the loss of a loved one

September 16, 2021

When you suddenly find yourself in unfamiliar territory – after the death of a loved one – we can offer assistance to guide you through the financial aspects of this event. The basic action steps are similar in all situations; however, every family dynamic is different, and various twists and turns can be expected for survivors to navigate.

Article

New e-books detail post-pandemic technology strategies for manufa...

September 16, 2021

Two new e-books, authored by Sikich technology experts, offer key insights for manufacturing and distribution executives to more efficiently implement technology solutions and modernize supply chain strategies in a post-pandemic world.

Technology

Salesforce Winter ’22 Release Highlights

September 16, 2021

After a long summer, the Salesforce Winter '22 release is finally upon us, and it is chock full of new features. These are our favorites.

Technology

4 Keys to Successful Change Management Planning for Your New D365...

September 15, 2021

As you consider upgrading your ERP to Microsoft Dynamics 365 (D365), you'll want to begin change management planning.

Technology

Dynamics 365 Business Central Licenses Pricing

September 15, 2021

When it comes to D365 Business Central licenses, there's a lot of questions regarding what they offer and what's fact vs fiction. Let's look.

Article

ASC 842 Lessee Practical Expedients

September 14, 2021

A practical expedient is an accounting policy election allowed by the FASB that provides relief from the burden on financial statement preparers to apply the requirements of an accounting standard. The FASB provides several practical expedients in ASC 842, which entities may elect to use in implementing the new lease accounting standard to reduce the burden of adoption.

Article

House Releases Details on Proposed Tax Hikes

September 14, 2021

Congress currently aims to move a $3.5 trillion reconciliation package as part of the administration’s Build Back Better strategy. While we have provided updates on the general themes of this tax legislation, we are now at the stage where we have actual proposed legislation to review and analyze. Here’s our findings.

Technology

5 Reasons Life Science Companies are Moving to the Cloud

September 14, 2021

Life science companies are moving their business to the cloud earlier than we've seen in the past. Here are 5 reasons why it's a great idea.

Article

Manufacturing Leaders Still Waiting For ‘A Turn of the Tide:’...

September 13, 2021

This article is based on a recent conversation we had with leading manufacturers in the Midwest during a roundtable discussion. While many manufacturing leaders are no longer expecting the industry to return to pre-COVID business as usual, everyone is eager for some of the pandemic-inflicted hurdles to dissipate.

Article

Benchmarking Your Association: Where Do You Stand?

September 13, 2021

Do you know where your association stands in comparison to others in your arena? It’s important for association leaders to know how their organization matches up with others to be able to make informed, strategic decisions for the future. In this article, we identify factors that should be taken into account when conducting a benchmarking analysis, as well as limitations to keep in mind throughout the process.

Technology

Getting it built: working with Sikich to deploy your cloud constr...

September 13, 2021

When it comes time to deploy cloud construction software, Sikich as a tech partner will collaborate with you to get the project underway. Here's how.

Article

Jason Tuma Featured in The Ohio Society of CPAs’ Podcast

September 10, 2021

Jason Tuma was featured in the Ohio Society of CPAs’ podcast to discuss the status of the manufacturing industry in the wake of the pandemic. Jason references key results from the Q2 M&D Industry Pulse survey.

Article

Lessons Learned in NFP & Planning for the Future

September 10, 2021

How the past year taught not-for-profit leaders to create a plan when the future is uncertain. Read more from Sikich.

Technology

Enabling profitability: Business insight and construction-specifi...

September 10, 2021

We designed Sikich Business Central for Construction to be one consolidated ERP software system for the industry.

Article

Building the Right Staffing Model for Your HR Systems Project: Pa...

September 9, 2021

In this two-part article, our human capital management specialists cover key concepts to consider when staffing an HCM project, whether it is an on-premise vendor implementation, internal development or a cloud-based deployment.