Insights

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

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

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

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

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

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

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

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