SEK Managing Member of the Firm named one of the region’s Power Players
Kara Darlington, CPA, Managing Member at SEK, CPAs & Advisors, has been named to the 2025 Power 100 by Central Penn Business Journal (CPBJ).
BOI injunction lifted: FinCEN updates requirements for US companies
Important Update: On March 21, 2025, FinCEN issued an interim final rule removing the new BOI reporting requirements for U.S. companies and U.S. persons. Now, the newly implemented BOI reporting requirements will only apply to those entities that are formed in another country.
Incentive trusts: Use them to pass your wealth and values on to beneficiaries
If your estate planning goals include distributing your wealth while also encouraging specific behaviors or achievements among your heirs, using an incentive trust might be right for your plan. Essentially, an incentive trust sets guidelines for how a beneficiary becomes eligible to benefit from the trust. Contact SEK's estate planning advisors for guidance.
Planning for the future: 5 business succession options and their tax implications
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Here are five options to consider: 1) Transfer the business directly to family members. 2) Transfer ownership through a trust. 3) Engage in an employee or management buyout. 4) Establish an employee stock ownership plan. 5) Sell stock or assets to an outside buyer. The best approach for you depends on several factors. Contact our business advisors about how to move forward with your succession planning.
SEK Retirement Plans Manager Cory Cuffley earns Qualified 401(k) Consultant Credential
SEK, CPAs & Advisors is pleased to announce Cory Cuffley, QKC®, QKA®, CFP®, CPA, Manager, has successfully completed the certification process with the American Society of Pension Professionals and Actuaries (ASPPA) to earn the Qualified 401(k) Consultant (QKC®) credential.
Claiming losses on depreciated or worthless stock
Have you ever bought stock shares that later became worthless? You can claim a capital loss equal to your basis in the stock. Contact our tax advisors at SEK with your stock questions.
Who does what in your nonprofit organization?
To avoid confusion and misunderstandings, your nonprofit needs to establish guidelines about the roles and responsibilities of employees vs. board members. Draw “lanes” as early as orientation. Provide individuals with descriptions of their duties and offer specific examples illustrating their scope. Contact our nonprofit advisors with questions.
Riding the tax break train: Maximizing employee transportation fringe benefits
If your employer offers tax-favored transportation fringe benefits, you should probably take advantage of them. Here’s a quick summary of the current federal tax treatment of transportation-related benefits. Contact our tax advisors with questions.
What happens if you and your siblings inherit your parents’ home?
When estate planning, it’s common for parents to leave their primary residence or a vacation home to their children. Typically, you and your siblings will receive equal shares in the property. But what if you can’t agree on what to do with the home? Here are some considerations. Contact our estate planning advisors with questions.
SEK named a 2025 Regional Leader by Accounting Today
SEK, CPAs & Advisors has been named a 2025 Regional Leader by Accounting Today, ranking #9 among the top 20 firms in the Capital Region. The annual recognition highlights the most successful public accounting firms nationwide based on revenue and growth.