Insights

Insights

The latest insights on topics that matter to you.

Wipfli is dedicated to business leaders and their organizations. Each month, we bring you thought-provoking articles on long-range organizational issues related to people, processes, technology, customers, and financial management.

You'll also find whitepapers, blogs, webinars, and eBooks. You can sort via your industry or the topic

Filter by Industry:

Filter by Service:

Articles

The Top 3 Technology Trends Disrupting Construction and Real Estate: Part I

Although most construction firms utilize technology, much of it is used to manage projects and ease the burden of back-office tasks. When it comes to investing in cutting-edge technology, or even a tool like a customer relationship management (CRM) platform, it all comes down to whether the firm has the money and time to do so.

2/18/2019
Industries: Construction and Real Estate
Services: Consulting, Technology
By: Matt Gelb, Kenneth F. Kortas

> Read More

Final Regulations Issued for 199A Deduction – Its Impact on Farmers

The Treasury Department (IRS) moved with commendable speed and issued final regulations to address several matters involving the new Section 199A, or qualified business income (QBI), deduction. This provision allows for taxpayers with QBI to claim a deduction on their individual tax return equal to 20% of the QBI amount. Our experience with this deduction so far is that it can often result in meaningful federal tax savings.

2/15/2019
Industries: Agribusiness
Services: Tax
By: Curt Barnekoff

> Read More

3 Ways Qlik Sense Enhances Business Intelligence for QlikView Customers

In order to operate a successful business, corporate leaders must have visibility into the performance of the company across all areas. Access to data and analytics not only enhances business intelligence but also empowers smarter decision-making.

2/6/2019
Services: Consulting, Technology
By: Jared Papador

> Read More

How Revenue Recognition Could Impact Your Business Valuation

If you’ve kept tabs on the regulatory space over the past few years, you’ve likely heard about the new revenue recognition standard. In 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) each issued new standards for recognizing revenue on contracts with customers. In the United States, the result is the guidance in ASC 606. What you may not know is that ASC 606 affects how businesses are valued.

2/5/2019
By: Kevin Janke

> Read More

Accounting Changes Impacting Valuation of Bankers’ Bank Stock and Other Equity Securities Without a Readily Determinable Fair Value

Accounting Standards Update (ASU) 2016-01, Recognition and Measurement of Financial Assets and Liabilities, introduces new guidance that impacts accounting for equity investments, including equity investments without a readily determinable fair value. Under ASU 2016-01, equity investments are required to be measured at fair value on the balance sheet with changes in fair value recognized in net income. However, an entity may elect to value equity investments without a readily determinable fair value at its cost minus impairment (if any) plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer, with any changes recognized through net income. 

1/31/2019
Industries: Financial Institutions
Services: Audit and Accounting
By: Nick G. Ansley

> Read More

Q&A: Employee Engagement and Risk Management Are Critical in This Community Bank’s CRM Implementation Journey

To recap, FSBT uses Wipfli Connect for Banking powered by Microsoft Dynamics 365. This robust CRM is designed for financial institutions to manage the total customer relationship and enhance the customer experience.

1/31/2019
Industries: Financial Institutions
Services: Consulting, Technology
By: Jason Muhlstein

> Read More

Automating Purchase Orders and Going Paperless: How Electronic Approval Enhances Casino Operations

Traditional accounting software used by casinos has many functional gaps. This has led to their business operations, specifically procurement and document management, becoming a source of inefficient, manual and paper-based processes. These manual workflows force gaming organizations to devote exorbitant amounts of time and resources, which leaves employees unable to focus on value-added projects and the bigger picture of the casino’s success.

1/31/2019
Industries: Tribal Gaming and Government, Tribal Gaming, Tribal Government
Services: Consulting, Technology
By: Jason Winkler

> Read More

Electing Out of the New Centralized Partnership Audit Rules

Federal audits of partnership tax returns for tax years beginning after December 31, 2017, will be drastically different than in the past. While the old partnership audit regime (known as a TEFRA audit) resulted in the partners being liable for the tax implications resulting from an IRS audit, this new audit regime (known as a BBA or centralized audit) potentially creates an actual tax liability at the partnership level for any audit adjustments made to partnership-related items. In addition, these new rules are expected to result in a significantly greater number of IRS audits of partnerships because they are intended to simplify the audit and collection process for the IRS.

1/30/2019
Industries: Agribusiness, Construction and Real Estate, Dealerships, Financial Institutions, Financial Services, FinTech, Freshwater, Governments, Health Care, Insurance, Manufacturing and Distribution, Nonprofits, Private Equity, Tribal Gaming and Government
Services: Tax
By: Crystal Christenson

> Read More

Blogs

Ag Conversations

Ag Conversations

The ag landscape is always changing, and you need reliable information you can depend on. Designed with you in mind, Ag Conversations covers topics important to you and your business — everything from how to successfully navigate the current tax environment to updates on court rulings and policy issues. Let your voice be heard. Join the conversation!

Industries: Agribusiness
Services: Audit and Accounting, Tax, Consulting, Outsourcing, Private Wealth Services

View More
Bank On Wipfli

Bank on Wipfli

Count on Bank on Wipfli to be your go-to source for need-to-know-now information that affects the financial institution industry.

Industries: Financial Institutions
Services: Audit and Accounting, Consulting, Tax

View More
Dynamics CRM Blog

Connect – Microsoft Dynamics 365

Stay connected with product news, best practices, ideas, and tips to explore alignment with strategic business objectives, meet a short term tactical need, or just get thinking.

Services: Technology, Consulting

View More
Get Dynamic Blog

Get Dynamic - Microsoft Dynamics GP

Get the most out of Microsoft Dynamics GP with the latest tips, tricks, and announcements that help keep it simple.

Industries: Manufacturing and Distribution
Services: Consulting, Technology

View More
Health Care Perspective Blog

Health Care Perspectives

This blog covers a variety of current topics in the health care industry.

Industries: Health Care
Services: Audit and Accounting, Consulting, Tax

View More

Webinars

Building Enduring Value: Is Your Manufacturing Organization Transferable?

Truly understanding your business and its value goes beyond numbers. Whether you’re building your business, reaping the benefits of experience but not ready to retire or getting ready to plan your exit strategy, now is the perfect time to improve the transferability characteristics of your company. Learn what you can be doing today to help perpetuate your manufacturing organization into the future.

1/16/2019
Industries: Manufacturing and Distribution
Services: Business Succession Planning
By: Paul T. Lally

> Read More

Managing Cybersecurity Risks for Nonprofits

You can invest in the most advanced security tools, like firewalls and intrusion prevention systems, but it takes only one click by an employee on an ill-intended email for cybercriminals to access your information. These types of missteps can lead to big problems for your organization.

12/28/2018
Industries: Nonprofits, Governments, Tribal Gaming and Government
Services: Cybersecurity
By: Jeff Olejnik

> Read More

CECL Implementation: Practical Ideas to Move Forward

“Am I doing the right things to get ready for CECL?” This is a common question asked by financial institutions as they struggle to figure out what CECL’s impact is going to be. This webinar looks at some practical ideas financial institutions should be considering to stay on track throughout the implementation process

12/15/2018
Industries: Financial Institutions
Services: Audit and Accounting
By: Nick G. Ansley, Brett D. Schwantes

> Read More

Dynamics GP Year-End Training

This seminar is designed to provide you with educational information to complete your year-end. Please click on the links for the recorded webinar and a PDF of the 2018 Dynamics GP Year End Manual.

12/14/2018
Services: Consulting, Technology
By: Barbara Bell, Dawn Schwarz, Cassaundra A. Soto-Gillon

> Read More

Tax Update for Financial Institutions

The Tax Cuts and Jobs Act was signed by President Trump at the end of 2017. This much anticipated tax reform comes with new rules that your bank can take full advantage of, if you prepare before the end of the year. Listen to a webinar regarding how the new tax law will impact banks and what will need to be done to prepare. 

12/7/2018
Industries: Financial Institutions
Services: Tax
By: Jessica H. Mac Naughton

> Read More

Accounting and Audit Update for Financial Institutions

Wipfli’s annual accounting and audit webinar provides an update on final accounting rules effective for 2018 and 2019, as well as some rules that have been finalized but will not be effective for several years. We also look at the current status of any significant proposed rules being deliberated by FASB and implications they would have for the financial institution industry.

11/20/2018
Industries: Financial Institutions
Services: Audit and Accounting
By: Brett D. Schwantes

> Read More

Recorded Webinar: Revenue Recognition, Misconceptions and Lessons Learned

The largest change to GAAP in 20 years—ASC 606—continues to mystify, challenge and frustrate the accounting world. Depending on the level of change required, organizations need a timely and efficient plan of adoption to ensure adequate resources are available and reporting deadlines are met. With the 2019 deadline for private companies to adopt ASC 606, Revenue from Contracts with Customers, looming closer, hear firsthand about some common misconceptions and lessons learned from adopters.

11/8/2018
Industries: Agribusiness, Construction and Real Estate, Dealerships, FinTech, Freshwater, Governments, Health Care, Insurance, Manufacturing and Distribution, Nonprofits, Private Equity, Tribal Gaming and Government
Services: Audit and Accounting
By: Ronald P. Hafner, Colleen Cooke-Varallo, Brian Dietz, Samantha A. Wimmer

> Read More