Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How do the rules work?
That email or text from the IRS: It’s a scam!
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through email, text messages, telephone calls or regular mail. Criminals regularly target both individuals and businesses and often prey on the elderly.
SEK announces 2023 mid-year promotions
The Members are pleased to announce the following Manager and Senior Staff promotions effective July 1, 2023:
How QuickBooks and Word improve customer relationships
The pandemic taught businesses a lot of things. One was the importance of staying in touch with customers.
Audit Manager Erin Clark receives local United Way Kagle Award
Erin E. Clark, CPA, MBA, Manager at SEK, CPAs & Advisors, has received the United Way of Washington County, Maryland’s ultimate volunteer recognition, the Jesse L. Kagle Award for Distinguished Service.
Pregnant Workers Fairness Act (PWFA) goes into effect on June 27, 2023
A new federal law, the Pregnant Workers Fairness Act (PWFA), goes in effect on June 27, 2023.
2023 Q3 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.
Overcoming benchmark resistance in your nonprofit
If your not-for-profit sets performance goals — and most organizations should — then you need benchmarks to measure your performance. Staffers and your board may not enthusiastically embrace benchmarking at first.
In financial planning, forecasts and projections aren’t the same
Businesses are rightly encouraged to regularly generate professionally prepared financial statements. Doing so is important for both understanding your own financial position and providing accurate, comprehensive information to stakeholders such as investors, lenders and advisors.
Outsourced CFO Services - What are they and how can they benefit your organization?
By: Krista Gardner, CPA Member of the Firm