The tax rules for donating artwork to charity

The tax rules for donating artwork to charity

If you’re an art collector, you may wonder about the tax breaks available for donating a work of art to charity. Several different tax rules may come into play in connection with such contributions. Basic rules Your deduction for a charitable contribution of art is...
Matthew Detar, CPA joins SEK as Member of the Firm

Matthew Detar, CPA joins SEK as Member of the Firm

SEK, CPAs & Advisors welcomes Matthew Detar, CPA as a new Member of the Firm, effective April 1, 2023. Based in York, Detar will serve as a Commercial Audit Partner for clients in the Central and Southcentral Pennsylvania region. Prior to joining SEK, Detar spent...
Demystifying deferred taxes

Demystifying deferred taxes

Deferred taxes are a confusing topic — and the accounting rules for reporting these items often seem to defy the logic of real-world economics. Here’s a brief overview to help clarify matters. What are deferred taxes? Companies pay income tax on IRS-defined taxable...
Do you need to add users in QuickBooks Online? 2023

Do you need to add users in QuickBooks Online? 2023

QuickBooks Online allows you to give multiple users access to your account. Here’s how to set them up. Adding employees to your staff is reason to celebrate. It means you’re growing enough that you need to bring new people on board to get all of your work done. Adding...