Making your nonprofit board retreat rejuvenating — and productive
Not-for-profit board members tend to be busy people. So even if your budget is tight, try to organize periodic retreats that enable members to clear their minds and focus on your organization’s most pressing issues. Make sure you write a thorough agenda and schedule adequate time for brainstorming, as well as breaks to have fun as a group. Contact the business advisors at SEK if you need more financial tips.
Do you owe estimated taxes? If so, when is the next one due?
Federal estimated tax payments ensure that certain individuals pay their taxes throughout the year. If you don’t pay enough during the year through withholding and estimated payments, you may be liable for a penalty on top of the tax due. Contact the CPAs and tax advisors at SEK with your tax questions.
The possible tax landscape for businesses in the future
The upcoming elections may significantly alter the tax landscape of U.S. businesses. The reason has to do with provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire on Dec. 31, 2025. The CPAs and business tax advisors at SEK will keep you informed so stay tuned or contact us with your tax questions.
Nonprofits: Don’t let myths and self-doubt thwart your capital campaign plan
Don't let unfounded fears prevent your organization from pursuing its philanthropic goals. Just make sure you plan carefully, choose the right leaders and communicate your goals forcefully, and you can execute a rewarding capital campaign. Contact the CPAs and business advisors at SEK for help analyzing the financial aspects of a capital campaign.
4 Tips for managing inventory in QuickBooks Online
Running out of products? Stocking too many? How QuickBooks Online can help solve both problems.
The tax implications of disability income benefits
Many Americans receive private disability income. How is it taxed? It depends on who paid for the tax treatment depends on who paid for the insurance coverage. Contact the CPAs and tax advisors at SEK for help with your tax questions.
Business website expenses: How they’re handled for tax purposes
Determining the proper tax treatment for the costs involved in developing a website can be difficult. Despite the widespread use of websites, the IRS hasn’t released formal guidance on when website costs can be deducted for businesses. Contact the CPAs and business tax advisors at SEK for guidance.
Nonprofits: Planning an event? Don’t neglect sponsorships
To be financially fruitful, nonprofit events need adequate sponsorship to cover a portion of expenses. Whether you’re planning a gala, a conference or something else, start early to beat out competition for philanthropic dollars. Contact the CPAs and financial advisors at SEK with financial and tax questions about special event planning.
SEK wins 2024 Best of Accounting Award for service excellence
SEK, CPAs & Advisors announced that the firm has won ClearlyRated's 2024 Best of Accounting® Award. This is the fourth consecutive year SEK has won this award.
Contributing to a Roth 401(k) plan may help achieve estate planning goals
When it comes to your 401(k) plan, you may have a choice to make regarding contributions. Should you make them on a pre-tax basis or on an after-tax (Roth) basis? The right answer depends on your current and expected future tax circumstances and the estate planning implications. Contact the CPAs and estate planning advisors at SEK with your questions.