Pinched nonprofits may want to free up board-designated assets
In general, nonprofits can’t use restricted assets for purposes other than those specified by the original donor. Board-designated assets (or board-designated funds) are another matter.
How to review a resume for better hiring
Hiring the right person begins with reviewing resumes effectively. This can feel a bit daunting, but with a little structure and the right approach, you can quickly identity which applicants are worth a closer look.
Should a living trust be part of your estate plan?
As its name suggests, a living trust (also known as a revocable trust) is in effect while you’re alive. It’s a legal entity into which you title assets to be managed during your lifetime and after your death.
How progress invoicing can improve your cash flow
These are uncertain economic times. Bring in money faster by using progress invoicing.
The new law includes a game-changer for business payment reporting
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made in 2026, the new law raises the threshold for information reporting on certain business payments from $600 to $2,000.
Cindy Carothers & John Stoner recognized in Best of Cumberland County Awards
Two Managers from SEK, CPAs & Advisors have been honored in The Sentinel’s 2025 Best of Cumberland County Awards in the Best CPA/Accountant category.
Income taxes can negatively impact your estate plan
As the federal gift and estate tax exemption increases, the number of families affected by gift and estate tax liability decreases.
Using your nonprofit’s endowment to navigate financial obstacles
Even not-for-profits that make realistic budgets and hold adequate funds in reserve to cover shortfalls can run into financial emergencies — particularly if they lose a major funding source.
What you still need to know about the alternative minimum tax after the new law
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system.
The QBI deduction and what’s new in the One, Big, Beautiful Bill Act
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligible taxpayers to deduct up to 20% of QBI, not to exceed 20% of taxable income.