Nonprofits: Outsourcing HR could save time and money
Approximately one-third of U.S. employers outsource at least one HR function and for good reason: Many HR responsibilities, such as benefits administration and recruiting, have recently become more complex and specialized. If your nonprofit’s HR staff is still trying to do everything in-house, you may want to consider handing over some duties to outside professionals.
The advantages of using an LLC for your small business
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets. Or maybe you’re launching a new business and want to know your options for setting it up.
Tackling volunteer liability issues
Most not-for-profits regard their volunteers as invaluable assets. However, like your paid staffers, volunteers represent some liability risk. Act now to reduce the possibility that a volunteer could threaten your nonprofit’s future.
How can an estate be kept vital after death?
When a loved one passes away, you might think that the options for his or her estate plan have also been laid to rest. But that isn’t necessarily the case. Indeed, there may be postmortem tactics the deceased’s executor (or personal representative), spouse or beneficiaries can employ to help keep his or her estate plan on track. Contact our estate planning advisors for help with a QTIP trust.
Identifying and avoiding business valuation pitfalls
Do-it-yourself business valuations and the use of unqualified financial experts can increase the odds of making an error, misstatement or erroneous deviation from customary valuation practice.
Moving Mom or Dad into a nursing home? 5 potential tax implications
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. But there may be tax consequences. Let’s take a look at five possible tax breaks.
The time to make health care decisions is when you’re healthy
When it comes to estate planning, your ultimate goal likely is to provide for your family after your death. To achieve this goal, consider placing assets in an irrevocable trust to protect against creditors and drafting a will to clearly state who gets what. Contact the estate planning advisors at SEK with questions.
Nonprofits: Special events call for tax planning
Tax reporting may be the last thing on your mind when planning a special fundraising event. But your not-for-profit should carefully track revenues and expenses and retain related documentation now to facilitate the reporting process later. Pay attention to the following issues. Contact SEK's nonprofit advisors for more information.
Improving your company’s sales pipeline management
Your sales pipeline, however, is a very real thing. Simply defined, it identifies and quantifies the prospective deals in progress at various stages of the sales process. Properly managing your pipeline can help your business avoid losses and meet - or even exceed - its revenue goals. Read here how to improve your sales pipeline management. Contact our business advisors with questions.
What you should know about the chart of accounts in QuickBooks Online
The Chart of Accounts works in the background of QuickBooks Online as a critical element. In this article, we will help you understand the role and importance of the Chart of Accounts.