Recent News & Blog

  • Don’t forget to empty out your flexible spending account

    If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up. You may have to use the money in the account by year-end or you’ll lose it (unless your employer has a grace period).

  • Naming a guardian is critical for parents of young children

    If you’re the parent of young children, you’ve probably put a lot of thought into raising your kids, ranging from their schools to their activities to their religious upbringing. But have you considered what would happen to them if you — and your spouse if you’re married — should suddenly die?

  • There still may be time to reduce your small business 2023 tax bill

    In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities. Time deductions and income

  • Best practices for effective board meeting minutes

    If you think the recorded minutes of your nonprofit’s board meetings are just a formality, think again. Meeting minutes can become critical documents if, for example, your organization is audited by the IRS or your directors are sued due to a board decision.

  • Key 2024 inflation-adjusted tax parameters for small businesses and their owners

    The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and their owners. Rates and brackets

  • Key 2024 inflation-adjusted tax amounts for individuals

    The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.

  • Overview of the offsetting rules

    As companies explore hedging strategies in today’s uncertain economy, management might need to become familiar with the accounting rules for offsetting. Here are the basics, including what needs to be disclosed in your footnotes about these contractual arrangements.

  • SEK, CPAs & Advisors celebrates 60th anniversary

    A full-service, certified public accounting and consulting firm, SEK, CPAs & Advisors first opened its doors in 1963.

  • How to get the financing your nonprofit needs

    Relatively high interest rates and tight lending standards are making it difficult for even for-profit businesses to apply and qualify for bank loans.

  • 11 Exceptions to the 10% penalty tax on early IRA withdrawals

    If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before you’ve reached age 59½. For this purpose, traditional IRAs include simplified employee pension (SEP-IRA) and SIMPLE-IRA accounts.

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