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Vrakas Learning Sessions
QuickBooks Desktop Training Session Tuesday, November 2, 2021 (Virtual Event) Join our Small Business Accounting department for a QuickBooks Desktop Training Session via Zoom. The topics covered during the session will include: Planning & Budgeting Bank Feeds...
2021 Vrakas/Blum User Conference
Tuesday, October 19 - Thursday, October 21, 2021 Designed with your continued education in mind, our affiliate company, Vrakas/Blum Computer Consulting, Inc., annual User Conference is bigger and better than ever. Enhanced sessions presented by our talented team of...
Expanded Tax Benefits For Charitable Contributions in 2021
The IRS has expanded tax benefits for individuals and businesses for 2021 charitable contributions. Click into the below article for more details regarding this update: [button...
COVID Economic Injury Disaster Loan (EIDL) Policy Updates
The federal small business loan program has updated its COVID Economic Injury Disaster Loan (EIDL) policy to assist small businesses in recovering from the COVID-19 disaster. This program offers small businesses low-interest fixed rate long-term loans providing...
SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal
The U.S. Small Business Administration (SBA) has launched a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA. Please see the...
Financial Accounting Standards Board (FASB) New Standard Related to Leases, ASC 842
After many years of deliberations and delays, the FASB’s new standard related to leases, ASC 842, is ready for adoption. Effective Date For private companies, the standard is effective for fiscal years beginning after December 15, 2021. For a calendar year-end...
IRS Issues Draft Form 941 and Form 941, Schedule R
Due to the COVID-19 pandemic, legislation has been signed into law that has provided multiple employment-related credits and other tax relief to employers. As a result, the IRS has issued drafts for Form 941 (Employer's Quarterly Federal Tax Return) and its...
Wisconsin Tomorrow Small Business Recovery Grant
In collaboration with the Wisconsin Economic Development Corporation (WEDC), the Wisconsin Department of Revenue (DOR) will award $420 million to small businesses impacted by the COVID-19 pandemic through the Wisconsin Tomorrow Small Business Recovery Grant program....
IRS Provides 2022 Inflation Adjusted Amounts for Health Saving Accounts (HSA)
The IRS recently provided the 2022 inflation-adjusted amounts for health savings accounts and the maximum amount that may be made newly available for excepted benefit health reimbursement arrangements. Click here for further information >>>
American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines
The Internal Revenue Service and the Treasury Department announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations. Click Here for More...