Fundamental Tax Truths for C Corporations
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same:
Depreciation-Related Breaks on Business Real Estate: What You Need to Know When You File Your 2018 Return?
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period.
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.
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?
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.
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.