SEK

Recent News & Blog

  • The 2021 gift tax return deadline is almost here, too

    April 18, 2022, is the deadline for filing your federal income tax return. Keep in mind that the gift tax return deadline is on the very same date. So, if you made large gifts to family members or heirs last year, it’s important to determine whether you’re required to file Form 709.

  • Entrepreneurs and taxes: How expenses are claimed on tax returns

    While some businesses have closed since the start of the COVID-19 crisis, many new ventures have launched. Entrepreneurs have cited a number of reasons why they decided to start a business in the midst of a pandemic.

  • Does your trust need protection?

    Designing an estate plan can be a delicate balancing act. On the one hand, you want to preserve as much wealth as possible for your family by protecting it from estate taxes and creditors’ claims. On the other hand, you want to have some control over your assets during your life.

  • Keeping meticulous records is the key to tax deductions and painless IRS audits

    If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim all of the tax deductions to which you’re entitled.

  • Smooth sailing: Tips to speed processing and avoid hassles this tax season

    The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are two quick tips to help speed processing and avoid hassles.

  • SEK Wins 2022 Best of Accounting Award for Service Excellence

    FOR IMMEDIATE RELEASEFebruary 1, 2022

  • What your nonprofit needs for a successful capital campaign

    Many nonprofits have put major purchases and other ambitious initiatives on hold during the pandemic. But if you need to buy or expand a facility, purchase expensive equipment, or seed an endowment, your organization may not want to wait any longer.

  • The Ins and Outs of IRAs

    Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview. Traditional IRAs

  • How to automate email reminders for overdue customers

    One way to keep your company’s cash flow positive is by sending email reminders to overdue customers. QuickBooks Online can automate this.

  • Preparations vs. compilations

    Your business needs financial statements so management can monitor performance, attract investment capital and borrow money from a bank or other lender. But not all financial statements are created equal. Audited statements are considered the “gold standard” in financial reporting.

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