4 Questions of Compensation Philosophy to Ponder
In the simplest of worlds, an employee effectively performs a set of tasks on an agreed-upon schedule and you pay him or her a fair wage. End of story.
Financial Statements Tell Your Business's Story, Inside and Out
Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their bookkeeping software. Although tracking financial transactions is critical, spreadsheets aren’t financial statements.
DOL Increases Penalties for Many Labor Law Violations
Every employer knows that failing to comply with federal laws is costly, but it’s getting even more so. The Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 directs federal agencies to adjust civil penalties for inflation each year.
Private Companies: Have You Implemented the New Revenue Recognition Standard?
Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must comply with the landmark new revenue recognition standard in 2019. Many private company CFOs and controllers report that they still have significant work to do to meet the demands of the sweeping rules.
Refine Your Strategic Plan with SWOT
With the year underway, your business probably has a strategic plan in place for the months ahead. Or maybe you’ve created a general outline but haven’t quite put the finishing touches on it yet.
Craig E. Witmer, CPA, CGFM Earns Advanced Single Audit Certificate
SEK, CPAs & Advisors is pleased to announce Craig E. Witmer, CPA, CGFM, Member of the Firm, has successfully completed the certification process with the American Institute of CPAs (AICPA) to earn the Advanced Single Audit Certificate.
Evaluating Your Audit Committee
Under the Sarbanes-Oxley Act, the audit committee — not management or the full board of directors — is directly responsible for appointing, compensating and overseeing external auditors.
Hastily Choosing an Executor Can Lead to Problems After Your Death
Choosing the right executor — sometimes known as a “personal representative” — is critical to the smooth administration of an estate. Yet many people treat this decision as an afterthought.
What Does "At-Will Employment" Really Mean Anyway?
Many, if not most, employers today use some form of an “at-will” employment contract when hiring. The arrangement is theoretically simple: The employer can terminate the employee at any time, for any cause — with or without notice. But is that what at-will employment really means?
Scott D. Stouffer Earns QKA Designation
The Members of SEK, CPAs & Advisors are pleased to announce that Scott D. Stouffer has successfully completed the certification process with the American Society of Pension Professionals and Actuaries (ASPPA) to earn the Qualified 401(k) Administrator (QKA) credential.