Tax Planning for Real Estate Agents: Key Deductions, Estimated Taxes, and Business Structure Considerations
Real estate professionals enjoy flexibility and earning potential that traditional employees often don’t. Of course, with that flexibility comes a few extra tax responsibilities. Because
Illinois Expands Digital Asset Oversight with New Tax and Regulatory Requirements
Illinois is making big moves in the digital asset space. A new law will bring a tax on certain cryptocurrency and digital asset transactions, while
Vrakas CPAs + Advisors Announces Leadership Promotions and Staff Advancements
Brookfield, WI – Vrakas CPAs + Advisors, a public accounting and advisory firm, is pleased to announce multiple leadership and staff promotions across the firm. These
How Canceled Debt Can Impact Your Taxes
If you borrow money and are legally required to repay it, you have a debt. When a lender forgives all or part of that debt,
Vrakas CPAs + Advisors Promotes Nicole Rice to Principal
Brookfield, WI – Vrakas CPAs + Advisors, a public accounting and advisory firm, is thrilled to announce the promotion of Nicole C. Rice to Audit Principal.
Vrakas CPAs + Advisors Welcomes William Bares to Shareholder Group
Brookfield, WI – Vrakas CPAs + Advisors, a public accounting and advisory firm, is thrilled to announce the promotion of William A. Bares to the firm’s
Hobby vs. Business: IRS Guidance Every Taxpayer Should Know
Many taxpayers earn income from side activities, whether as a hobby or a business. Understanding the difference is important, as it impacts how you report
Vrakas Supports Local Chapter of Blessings in a Backpack at Kickball Event
To kick off the summer season, Vrakas CPAs + Advisors proudly served as the lunch sponsor for the southern Wisconsin chapter of Blessings in a Backpack’s annual Kick Hunger to the Curb kickball event.
Key Business Tax Issues Every Business Owner Should Know
Tax challenges can put real strain on businesses of any size. From IRS penalties and interest to missed deductions and audit costs, even small mistakes
Vrakas Welcomes Summer Interns
Vrakas CPAs + Advisors is excited to welcome four talented students to the firm for our 2026 summer internship program. These individuals bring strong academic
Changing CPA Firms: What Growing Businesses Should Expect
For established businesses, changing CPA firms is rarely about dissatisfaction alone. More often, it reflects growth. As organizations expand across entities, locations, revenue streams, or
CAS vs CAAS: What Do These Accounting Terms Really Mean?
If you’ve heard CAS and CAAS used as if they mean the same thing, you’re not imagining things. In many conversations, they are treated interchangeably.