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

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Articles

The Value of Co-Op Pricing in Outsourced Accounting Services

The year is 1924. You’re the owner of a small hardware store, and a vendor has come to sell you sponges. The problem is, the sponges are too expensive. So you ask for a better price. The vendor says if you buy 100 sponges, he’ll sell them for a lower price overall.

6/14/2019
Services: Audit and Accounting
By: Tony J. Battaglia

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ASC 606 Revenue Recognition Adoption Methods: Full Retrospective or Modified Approach

U.S. generally accepted accounting principles (GAAP) require nonpublic entities to apply the new revenue recognition standard for annual reporting periods beginning after December 15, 2018, and interim periods within annual reporting periods beginning after December 15, 2019. Previously, companies could use industry-specific guidelines for recognizing revenue from customer contracts, but now they must adopt a consistent principles-based approach using the ASC 606 framework.

6/12/2019
Services: Audit and Accounting
By: Brad Werner

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6 Benefits of Streamlining Your Open Enrollment Process

As an HR professional, you know how much of your time open enrollment takes. The process is not only far longer than the average employee realizes but also far more work. But how much time and effort it takes your team is dependent on how your organization tackles open enrollment.

6/11/2019
Services: Human Capital Management Solutions
By: Chris Riba

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5 Life-Changing Outlook Features You Probably Don’t Know You Have

We all get busy in our day. It’s easy to miss or underutilize the things that can help make our lives easier and more organized. We generally don’t even think about how many emails we get in just one day, and we certainly never seem to have the time to explore Outlook’s features and see how we could benefit from using them. But the truth is, there are many Outlook features that could improve the quality of your day-to-day work life — and you probably don’t even know about most of them.

6/11/2019
Services: Consulting, Technology

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How Outsourced Accounting Services Help Ace Hardware Owners Get Back to Customers

As an Ace Hardware store owner, you pride yourself on your customer service. But running a store and providing quality service come with challenges. Do you find you can’t spend the time you want with your customers because you’re trapped behind a wall of accounting tasks? Are you not receiving reliable financial information fast enough to make strategic business decisions? Are you missing the proactive advice you need to grow your business?

6/6/2019
Services: Audit and Accounting
By: Tony J. Battaglia

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Economic Nexus Reporting Requirements Reference Table

The states listed in the table below have either enacted sales tax economic nexus filing requirements or are in the process of adopting reporting requirements either legislatively or through administrative rule as of June 6, 2019. Keep in mind that the sales threshold may be defined differently from state to state. The sales threshold may be a combination of both taxable and exempt sales or taxable sales only.

6/5/2019
Industries: Agribusiness, Construction and Real Estate, Dealerships, FinTech, Financial Institutions, Financial Services, Freshwater, Insurance, Manufacturing and Distribution, Private Equity
Services: Tax
By: Craig A. Cookle

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Health Savings Account Cost of Living Adjustments Announced for 2020

The Internal Revenue Service (IRS) has announced in Revenue Procedure 2019-25 the annual cost of living adjustments for Health Savings Account (HSA) contribution limits for calendar year 2020. These limits apply for qualifying High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums. Important for individuals and businesses alike, plan sponsors should verify that their administrative and payroll systems reflect the appropriate limits.

6/4/2019
Industries: Agribusiness, Construction and Real Estate, Dealerships, Financial Institutions, Financial Services, Freshwater, Governments, Health Care, Insurance, Manufacturing and Distribution, Nonprofits, Private Equity, FinTech, Tribal Gaming and Government
Services: Human Capital Management Solutions

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Business Roundtable Summary: How Leadership Transition Goes Beyond Succession

This year’s Small Business Strategies Roundtable in Minneapolis covered a very pressing topic for many leaders: business transition. An often emotional topic for private companies, family businesses and even public companies, succession planning is key to a business’s long-term success. But there’s more to it than you might think.

6/4/2019
Industries: Manufacturing and Distribution, Private Equity, Construction and Real Estate
Services: Business Succession Planning

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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

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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

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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

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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

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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

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Webinars

Microsoft Dynamics Roadmap — What’s Next?

Keep up with the ever-growing Microsoft Dynamics platform and product line.

6/5/2019
Services: Consulting, Technology
By: John Kirsch, Mark Christie

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Must-Have Features for Professional Services-Focused ERP

Professional services organizations face many challenges, including talent competition, demanding clients, increased project complexities and service flexibility. These challenges drive the need for more effective resource management and deeper relationships with clients, while delivering projects on time and within budget. To achieve growth and profitability, CFOs need a scalable and cost-efficient ERP solution.

5/24/2019
Services: Consulting, Technology
By: Rebecca A. Hurst, Brian Dietz

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Explore April’s New Business Central Features

Microsoft delivered a major update to Business Central last month. If you haven’t already explored what’s new, this is a great opportunity to get your organization ready and able to use the new, helpful features. Many of these features are convenient and save time, which means more efficiencies for your business.

5/22/2019
Services: Consulting, Technology
By: Connor R. McNamara, Mark Christie

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How to Turn Strategy From a Plan to a Way of Being

Strategy may start in the boardroom, but it shouldn’t just stay there. The highest performing financial institutions live and breathe strategy. 

5/18/2019
Industries: Financial Institutions
Services: Strategy and Operations
By: Marcie L. Bomberg, Deron J. Kling

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Gain a Competitive Edge With a Tech-Savvy Finance Team

The pressure is on. With new technologies, increasing domestic and global competition, and disruptors able to move more quickly than ever, CFOs are expected to develop a strategy and hire the right people to execute. Decision makers are relying on tech-savvy CFOs to strategize for the future, uncover new business opportunities and save money. Embracing this new technology will transform your role as a tech-savvy CFO, and — ultimately — your business.

5/9/2019
Services: Consulting, Technology
By: Brian Dietz, Brent Neitz, Shereen Mahoney

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New Opportunity Zones Rules Just Released

The Treasury just issued the long-awaited second round of Proposed Regulations, clarifying some key issues in connection with investing in and forming Qualified Opportunity Funds (QOFs). The issues covered in the first set of Proposed Regulations were favorable to investors. However, the second set of Proposed Regulations contained some surprises. These additional Regulations are only proposed and are potentially open to further revisions based on feedback received by the Treasury.

5/7/2019
Industries: Construction and Real Estate
Services: Tax
By: Dannielle Lewis, Josh A. Graham

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The Realities of Revenue Recognition for Tech Companies

In what has been described as one of the largest changes to GAAP in the past decade, 2014 marked a year in which the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) sought to bring consistency across industries and enhance disclosure and simplicity for those preparing and relying on financial statements.

5/1/2019
Services: Consulting, Technology
By: Brent Neitz, Brian Dietz

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Product Demo Webinar: Is Business Central Right for You?

Microsoft Dynamics 365 Business Central is an all-in-one business management solution. With Business Central, organizations can upgrade from their entry-level accounting software or legacy system into a comprehensive, cloud-based solution to manage finance, sales, HR, operations and customer service.

4/11/2019
Services: Consulting, Technology
By: Mark Christie, Connor R. McNamara

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