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Sweating Over a Company Audit?

There is no need to stress when you have Vrakas on your side! Our goal is to form a relationship with your team and develop an understanding of your business operations and strategies. This allows us to make proactive recommendations and assist you in addressing...

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Padding Your Tax Deductions? The Consequences Are Serious

"In this world, nothing can be said to be certain, except death and taxes" is a quote often attributed to Benjamin Franklin. With that in mind, it's best to be prepared, at least financially, for taxes and tax season each year. The Risks When it comes to deductions,...

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Do You Know the Key Metrics for Your Dealership to Succeed?

It's 2019, competition is at an all time high. Why? Because of the digital world ... E-commerce, social media marketing, Superbowl commercial advertising, and the list goes on! In this day and age, it is extremely important for dealerships to define their vision and...

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The 4 QuickBooks Reports Small Business Owners Need

In 2017, Vrakas gained a Small Business Accounting Department! Our SBA department works with both QuickBooks desktop & QuickBooks online and can answer any of your questions. QuickBooks offers business users a variety of reports. Knowing which to use and how to use...

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What to Know About Pensions and Taxes

The amount of taxes you should withhold from your pension is dependent on your tax rate and your household sources of income and deductions. Basically, you add up all your sources of income and subtract your deductions to get your taxable income. Your taxable income...

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Why Retail Loves the Pop-Up Store

Last summer, a quirky oddity emerged when tiny 500-square-foot stores starting popping up for just a couple of weeks and then vanishing. Now, this trend is sweeping across the nation from industries as random as canine toy-testing stores to high-end designer shoe...

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Be Wary of Scam Artists

By Tim Itzin, Audit Shareholder There continues to be an alarming growth in attempted fraud with respect to business checking accounts. There are numerous methods used by the scammers to defraud companies and different legal issues/remedies exist with each. The grace...

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