SEK

Recent News & Blog

  • How business owners and execs can stay connected with staff

    With the empty bottles of bubbly placed safely in the recycling bin and the confetti swept off the floor, it’s time to get back to the grind. The beginning of the year can be a busy time for business owners and executives, because you no doubt want to get off to a strong start in 2020.

  • Local Minimum Wage Law Changes

    The Federal minimum wage rate increased to $7.25 back in 2010 and has remained at that level ever since. As you know, many states have passed their own minimum wage laws that increased the minimum wage in their respective states.

  • Nondeductible IRA contributions require careful tracking

    If, like many people, your traditional IRA holds a mixture of deductible (after-tax) and nondeductible (pretax) contributions, it’s important to track your contributions carefully to avoid double taxation of distributions. Why?

  • New Overtime Rules Effective January 1, 2020

    The DOL recently finalized its new rules effective January 1, 2020, to determine whether an employee qualifies as exempt from overtime under the Fair Labor Standards Act (FLSA). What has changed?

  • 5 ways to strengthen your business for the new year

    The end of one year and the beginning of the next is a great opportunity for reflection and planning. You have 12 months to look back on and another 12 ahead to look forward to. Here are five ways to strengthen your business for the new year by doing a little of both:

  • Stretch your marketing dollars further with smart strategies

    If your marketing budget is limited, there may be ways to make that money go further. Smart strategies abound for small to midsize businesses. Let’s look at a few ideas for stretching your marketing dollars a bit further. Check out the big guys

  • What lenders look for in a succession plan

    Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone else who holds a key interest in the longevity of your company: Your lender.

  • Bridging the gap between budgeting and risk management

    At many companies, a wide gap exists between the budgeting process and risk management. Failing to consider major threats could leave you vulnerable to high-impact hits to your budget if one or more of these dangers materialize.

  • Is multicloud computing right for your business?

    Cloud computing — storing data and accessing apps via the Internet — has been widely adopted by businesses across industry and size. Like many technological advances, though, new derivatives continue to emerge — including so-called multicloud computing.

  • Depreciation and Cost Recovery Rules: 2019 and Later

    The Tax Cuts and Jobs Act of 2017 (TCJA) brought with it some changes and updates to Depreciation rules. SEK’s tax department has created this one page quick reference guide to help answer some of the most common Depreciation questions we receive.

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