Taxes and Business Startups
New entrepreneurs think about production, marketing, sales and human resources – but often forget the tax angle. You need to be on top of your
Wisconsin Unclaimed Property Voluntary Disclosure Agreement
Wisconsin recently enacted 2021 Wis. Act 87 which provides for a one-time unclaimed property voluntary disclosure program that runs from February 1, 2022 through February 28, 2023.
Tax Changes to Think About in 2022
The 2021 tax landscape was filled with headlines about new, possible, and pending legislation. When the year ended, taxpayers were left with many questions about
Advance Child Tax Credit Recipients (Letter 6419)
The Internal Revenue Service recently announced that it will issue informational letters to Advance Child Credit recipients. If you received such payments, this information will be
Vrakas Welcomes 2022 Interns
Vrakas welcomed five accounting interns on January 10, 2022. These interns will gain hands on experience working on real-world projects and learn more about the
IRS issues standard mileage rates for 2022
The Internal Revenue Service issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical,
Chili Cook-Off in Support of Make-A-Wish Wisconsin
There is nothing better than a Chili Cook-Off heading into the holiday season … especially when it’s in support of a great cause like Make-A-Wish
Form 1099-MISC and 1099-NEC Seminar
Form 1099-MISC and 1099-NEC Seminar Tuesday, December 7, 2021 Option to attend in-person or virtually Join Vrakas CPAs + Advisors Manager, Gina M. DeSota, CPA,
Vrakas CPAs + Advisors Expands its Footprint in Kenosha
The public accounting and business advisory firm, Vrakas S.C., is pleased to announce its Kenosha office is relocating as a result of its continued strategic
IRS Announces Increased 2022 Retirement Contribution Limits
The Internal Revenue Service (IRS) announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from
Taxable and Nontaxable Employee Benefits
As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have
Vrakas Keeps Growing!
This year has been BIG for the firm … not only are we celebrating our 50th anniversary, but we are continuing to add fantastic new employees and