The Importance of Company Audits
Audits play a crucial role in providing transparency and fostering confidence in a company’s financial reporting. An audit is particularly reassuring in uncertain business environments.
How to Scan Documents Using the Notes App on an iPhone (iOS)
Scanning documents with the built‑in Notes app on your iPhone is fast and perfect for making your documents look professional, no separate app required. Follow
How to Scan Documents on a Samsung Device (Android)
Samsung Galaxy and other Android phones include a built‑in document scanner inside the Notes app. Below are step‑by‑step instructions. Scan Using Samsung Notes (Best for
What Happens if I Cannot Pay My Taxes?
Owing money to the IRS can be a significant source of stress, especially if you are unsure how to pay off your balance. The IRS
New Overtime Deduction Rules (Includes QuickBooks Tracking)
The OBBA has introduced a qualified overtime deduction available for tax years 2025 through 2028. This deduction applies to qualified overtime pay received during the year and is limited to:
Kicking Off the Year with New Talent at Vrakas
Vrakas is excited to welcome a talented group of interns and new hires to our Brookfield, Chicago, and Madison offices as we kick off the
From Graduate to CPA: Lessons in Building a Career
By Ben Rawson, CPA | Vrakas CPAs + Advisors Discovering My Path Finding the right career path can take time, and for many people, it’s
How Taxes Can Affect Your Home Sale
If you purchase a home and its value increases, selling it within a year means the IRS will treat your profit as short-term capital gains,
Get Ready for the 2026 Tax Filing Season: Key IRS Tips and Updates
The IRS “Get Ready” campaign is designed to help taxpayers prepare for the upcoming 2026 tax filing season. This year introduces several important updates under
Understanding 1099 Reporting Basics: MISC and NEC Requirements
If, during your trade or business, payments total $600 or more to a sole proprietor, partnership, or limited liability company (other than a corporation) for
What’s New in QuickBooks Online: Smarter, Faster, and More Connected
QuickBooks Online continues to roll out powerful updates, making bookkeeping simpler, more accurate, and easier to control. Check out the latest features below and how