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.
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.
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
“It’s in the pipeline!” Business owners often hear this rather vague phrase, which may be good news in some cases or code for “don’t hold your breath” in others.
Retirement account catch-up contributions can add up
If you’re age 50 or older, you can probably make extra “catch-up” contributions to your tax-favored retirement account(s). It is worth the trouble? Yes! Here are the rules of the road.The deal with IRAs
How to address your frequent flyer miles in your estate plan
If you’re a frequent traveler, you may have accumulated hundreds of thousands or even millions of frequent flyer miles. The value of these miles may be significant, so it’s important to determine whether you can include them in your estate plan and share them with your loved ones.
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.