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Tax
Sikich Series on Tax Reform: College Endowments Excise Tax
July 22, 2019
The IRS and Treasury recently released proposed regulations for the new 1.4% excise tax imposed on the net investment income of certain private colleges and universities. These proposed rules define several terms to help educational institutions determine whether this new Section 4968 excise tax applies to them.
Read MoreTechnology
Security vs Convenience in IT
July 22, 2019
When it comes to IT security, not much is convenient about it. However, what does that convenience cost if a breach occurs?
Read MoreManufacturing
Automating Back-Office Responsibilities in the Manufacturing Indu...
July 17, 2019
When people who work in manufacturing and distribution hear the word “robot,” they are likely to imagine a machine that performs physical labor, such as assembly and packaging work or building machine parts. However, with Robotic Process Automation, or RPA, the emphasis is on process automation.
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Correct Time Settings More in Depth Using w32tm
July 17, 2019
This blog post goes into more technical depth regarding PDC correct time settings, with a stronger focus upon using w32tm.
Read MoreAudit and Tax
Just Released: A New EBP Auditing Standard for ERISA Plan Audits
July 17, 2019
New requirements under Statement of Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, were issued earlier this month.
Read MoreTax
Sikich Series on Tax Reform: Wisconsin’s SALT Shaker –...
July 16, 2019
What You Need to Know about the Wisconsin Entity Level Tax Election and Next Steps
Read MoreArticle
Revenue Recognition for Contractors – Reminders During Implemen...
July 16, 2019
At long last and after several years of discussion regarding the new GAAP revenue recognition standard, we have entered the period of implementation for most private companies. The standard is effective for the calendar year 2019 and for fiscal years that begin within 2019, so now is the time to make any changes that haven’t already been implemented. As we’ve been communicating over the past few years, even though many contractors won’t see widespread changes to their revenue recognition process under the new standard, it is important to understand its provisions and nuances, since there is whole new accounting language to be used going forward.
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Installments Feature in NetSuite
July 16, 2019
With the latest update, the NetSuite Installments feature allows the total amount for a vendor bill to be divided into installments instead of a single due date.
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Sikich named to 2019/2020 Inner Circle for Microsoft Dynamics
July 12, 2019
Microsoft included Sikich in this elite Inner Circle group because of the firm’s involvement in Microsoft Dynamics, digital transformation and cloud.
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Microsoft Password Recommendations Have Changed
July 12, 2019
Microsoft has recently changed their own password recommendations, specifically they are no longer recommending passwords to expire. Here's why.
Read MoreTechnology
Discover the Salesforce Lightning Experience
July 11, 2019
Salesforce Lightning transforms the entire user experience for the better, from the design to the UI to improving workflows.
Read MoreArticle
What Happens When I Name My Estate the Beneficiary of My IRA?
July 10, 2019
First and foremost, it’s important to make it common practice to periodically update your estate planning documents and review beneficiaries of your retirement plans. While naming your trust or estate may seem like an easy route to take, it could cost your heirs in taxes and flexibility.
Read MoreTechnology
How to Accurately Recognize Vendor In-Transit Payments in NetSuit...
July 10, 2019
Using the new NetSuite In-Transit Payments feature allows more precise accounting by showing the payment across time. Here's how to accurately use it.
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Tracy Burkhart and M&D Report Featured in Crain’s Clev...
July 9, 2019
Tracy Burkhart and findings from Sikich’s 2019 M&D Report about manufacturers’ preparations for a potential recession were featured in a Crain’s Cleveland Business article.
Read MoreTechnology
Preventing Attacks From a Compromised Local Admin Account
July 9, 2019
The worst has happened: your local admin has been compromised. Is there away to prevent compromised admin account attacks from your own admin?
Read MoreArticle
Webinar: Changing Perspectives: HR Leadership Through the Busines...
July 9, 2019
Get key insights into the business lifecycle with supporting case studies to help you define where your business stands and where it's going from our Sikich HR Advisory Services experts.
Read MoreTechnology
Office 2010 End of Support
July 8, 2019
Microsoft will shut down all Office 2010 support in 2020 on its tenth anniversary. What can you do to keep using Office and not lose your data?
Read MoreTechnology
What Is Your Office 365 Secure Score?
July 3, 2019
Using Office 365 Secure Score from Microsoft is a great way to gain a broader understanding of your security position as well as tips for improvement.
Read MoreAudit and Tax
Form W-4 Draft Released for 2020
July 3, 2019
The Internal Revenue Service (IRS) released a new draft of the 2020 Form W-4, Employee’s Withholding Allowance Certificate. The federal income withholding form draft includes instructions and a worksheet.
Read MoreTechnology
What Is Salesforce Einstein?
July 2, 2019
Have you heard of Salesforce Einstein but aren't sure exactly what it is? We've got the info on everything you need to know.
Read MoreTax
The Illinois Manufacturer Purchase Credit Gets a New Look
July 2, 2019
Please note that this is not a return of the Manufacturer Purchase Credit (MPC) process—and that’s a good thing. Instead, the manufacturing and equipment sales tax exemption was expanded to include production related tangible personal property. Under the new expansion, manufacturers are no longer obligated to go through the previous time-consuming MPC credit request process and can now purchase qualifying property upfront without having to pay Illinois state and local sales tax, Retailers’ Occupation Tax, or use taxes.
Read MoreTechnology
From Transaction to Transformation: Revitalizing Customer Relatio...
July 2, 2019
It's not enough for high-tech manufacturers to only be a product company; they must focus upon transforming customer relationships.
Read MoreArticle
Jerry Murphy Discusses 2019 M&D Report Findings on WGN Radio...
July 1, 2019
Jerry spoke with reporter Steve Grzanich on report findings related to cybersecurity, economic outlook, labor challenges and e-commerce.
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Easy Wins for Active Directory – Part 1
July 1, 2019
Active Directory is a prime target and is commonly misconfigured. Here's how you can zip up your Active Directory security.
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Remote Access Software Best Practices
July 1, 2019
Remote access is a wonderful practicality for today's modern workplace, but it comes with security risks. We recommend these remote access security tips.
Read MoreArticle
Thomas Insights Features the 2019 Manufacturing & Distributi...
June 28, 2019
Thomas Insights featured an article, “50% of Manufacturers Saw Data Breaches in Past Year,” about Sikich’s M&D Report findings.
Read MoreHuman Resources
Alert: Minnesota Wage Theft Law
June 28, 2019
On May 30, 2019, Minnesota Governor Tim Walz signed into legislation the Minnesota Wage Theft law (HF2), thus enacting a law designed to create additional protections for workers, including adding criminal penalties for employers who commit wage theft.
Read MoreArticle
Plant Services Features Sikich’s Manufacturing Report
June 28, 2019
An excerpt of the BizTimes Milwaukee coverage of Sikich’s 2019 Manufacturing & Distribution Report appeared in a Plant Services article, “Nearly two-thirds of manufacturers prepping for recession, survey finds.”
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