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Recent News & Blog

  • 4 tough questions to ask about your sales department

    Among the fastest ways for a business to fail is because of mismanagement or malfeasance by ownership. On the other hand, among the slowest ways is an ineffective or dysfunctional sales department.

  • A few basics of safe harbor 401(k) plans

    Many growing businesses and other types of employers want to offer a 401(k) plan but don’t want to deal with the stress and administrative challenges of following the IRS’s nondiscrimination testing rules for elective deferrals and matching contributions.

  • Reporting discontinued operations

    Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset group or another component. In certain situations, such a disposal should be reported as a discontinued operation under U.S.

  • What to expect during a franchise audit

    It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years of operations or if performance starts to deteriorate.

  • Taking distributions from your traditional IRA

    If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a SEP-IRA). It’s even more critical to carefully plan for withdrawals from these retirement-savings vehicles.

  • Should you elect S corporation status?

    Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level).

  • A poorly worded apportionment clause can upend an estate plan

    Federal estate tax liability is no longer an issue for many families, now that the gift and estate tax exemption stands at $11.4 million for 2019. But there are still affluent individuals whose estates may be subject to hefty estate tax bills.

  • SEK Named Readers’ Choice Accounting Firm

    FOR IMMEDIATE RELEASEAugust 15, 2019 SEK Named Readers’ Choice Accounting Firm

  • Dashboard software helps you keep your eyes on the prize

    Like most business owners, you’ve probably been urged by industry experts and professional advisors to identify the most important key performance indicators (KPIs) for your company. So, just for the sake of discussion, let’s say you’ve done that.

  • Understanding the contents of a will

    You probably don’t have to be told about the need for a will. But do you know what provisions should be included and what’s best to leave out? The answers to those questions depend on your situation and may depend on state law. Basic provisions

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