Don’t procrastinate if you plan to transfer ownership of your life insurance policy
Generally, the proceeds of your life insurance policy are included in your taxable estate. You can remove them by transferring ownership of the policy, but there’s a catch: If you wait too long, your intentions may be defeated.
IRS announces per diem rates for business travel
In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2020.
Collective impact initiatives: All for one and one for all
Collective impact initiatives are growing among not-for-profits. Such initiatives are about more than collaboration. They represent the commitment of a group of organizations to a common agenda for solving a specific social problem. This group can include the nonprofits themselves, government agencies, businesses and constituent communities. Should your nonprofit participate in collective impact? Ask SEK's nonprofit advisors today!
How to report COVID-19-related debt restructuring
Today, many banks are working with struggling borrowers on loan modifications.
Weighing the risks vs. rewards of a mezzanine loan
To say that most small to midsize businesses have at least considered taking out a loan this year would probably be an understatement.
2020 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.
DOL Revises FFCRA Regulations to Clarify Paid Leave Rules
In response to a New York federal court ruling that invalidated several regulatory provisions of the Families First Coronavirus Response Act (FFCRA), the Department of Labor (DOL) has issued revised
On-time financial reporting is key in times of crisis
Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to injury, some have also fallen victim to arson, looting or natural disasters in 2020.