Welcome to Vrakas! Our Summer Intern Class.
Vrakas welcomed five accounting interns on May 30, 2023. These interns will gain hands on experience working on real-world projects and learn more about the
Understanding Common Cost Management Levers
First of all, it is important to distinguish a cost optimization strategy from a cost cutting strategy. Cost optimization involves strategically aligning on the “special
Vrakas Recognized as a Top Workplace for a Fourth Consecutive Year
Milwaukee Journal Sentinel Names Vrakas CPAs + Advisors a Winner of the Southeast Wisconsin Top Workplaces 2023 Award. Vrakas CPAs + Advisors has been awarded
Option to Treat Employer Contributions as Roth Contributions Under SECURE 2.0
Of the many provisions within the SECURE 2.0 Act, there is one that plan sponsors may want to pay particular attention to: the option to
Vrakas Adds Director of Talent
Vrakas S.C., is pleased to announce that Tara Tomter has been hired to serve as the firm’s first Director of Talent. With 17 years of
IRS Denies Basis Step-up for Assets of Irrevocable Grantor Trust Not Included in Grantor’s Estate
The IRS on March 29 released Rev. Rul. 2023-2, which confirms that the assets of an irrevocable grantor trust not includable in the grantor’s gross estate
Does Form 5500 Reporting Apply to Your Retirement Plan?
Form 5500, the Annual Return/Report of Employee Benefit Plan, was developed by the Internal Revenue Service (IRS), the Employee Benefits Security Administration (EBSA), and the
How To Navigate an Individual Tax Audit
While it is accurate to say that the IRS has audited significantly fewer people, less than 1% of individual tax returns are audited and the
Three Key Supply Chain Management Questions for 2023
Manufacturers will continue to face supply chain headwinds in 2023, a cause for concern following a turbulent few years. Economic uncertainty, supply shortages, rising costs
Maximizing Tax Benefits of Transaction Costs
Whether related to an acquisition, merger, restructuring, reorganization, initial public offering or spin-off, the costs paid by companies to service providers such as investment bankers,
Vrakas Promotions to Shareholder
Vrakas CPAs + Advisors, is pleased to announce the promotion of Sara M. Johnson, CPA and Paul A. Rothering, CPA to Shareholder effective January 9,
Vrakas Promotes Paul Schoessow, CVA to Partner
Paul D. Schoessow, CVA – Previously a Principal, Paul has been promoted to Partner of Vrakas Business Valuations, LLC, part of the Vrakas CPAs +