We May Never See a Better Environment for Transferring Wealth…Here’s Why
Current Tax Laws Double Lifetime Giving Exemption For affluent individuals and their families, estate taxes can represent one of their largest tax liabilities. IRS rules
What is a Living Will?
Could you imagine being in a situation where you can’t communicate the type of medical care you want to receive? There’s nothing more frustrating than
Payroll of the Future
The relationship between an employee and an employer is a professional one. Employees do work for employers, who then pay said employees for their time
Vrakas CPAs + Advisors Welcomes New Interns & Full-Time Associate
Vrakas CPAs + Advisors is thrilled to welcome a group of talented young professionals including interns and a full-time associate. These individuals will enhance our
Setting Up a Business? Don’t Forget the Taxes!
In a recent announcement, the IRS is reminding would-be entrepreneurs of the importance of understanding the tax implications of setting up their own businesses. To
Vrakas Annual Volunteer Day 2023
In the month of December, Vrakas CPAs + Advisors had the honor of volunteering at Robyn’s Nest in West Allis, WI. Robyn’s Nest, an organization
Vrakas Welcomes New Shareholder
Brookfield, WI – The public accounting and business advisory firm, Vrakas CPAs + Advisors is pleased to announce the admittance of Jessica H. Schwantes to
Deferral and Exclusion of Long-Term Capital Gains for Investments
The following information is provided by the Wisconsin Department of Revenue. Fact Sheet 1102-2 Deferral of Gain Section 71.05(26), Wis. Stats., provides a deferral of
Guide to Basic Reporting Requirements for 1099s: MISC & NEC
The IRS is trying to make complying with the new lower filing requirement easier. Starting with the 2023 filing year, if a company has 10 information returns to complete,
Can You Get Rid of PMI?
Do you want to get rid of PMI? First, understand exactly what it is and how it works. PMI is a type of insurance that
Updating Sales Tax Rates in QuickBooks Online
Updating Sales Tax Rates in QuickBooks Online: Step-By-Step Guide • Sales tax collected set up in QuickBooks Online should automatically update with the new Milwaukee
Sales and Use Taxes to Increase for Milwaukee County in 2024
Sales of taxable products and services that take place in Wisconsin are subject to 5% Wisconsin sales or use tax, including county and city sales