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 +
5 Steps to Becoming Sales and Use Tax Compliant
Most U.S. states require businesses to collect and remit sales and use taxes even if the business has no in-state physical presence, only an economic
Fourth Consecutive Year – Vrakas/Blum Computer Consulting Named Sage Diamond Partner!
Vrakas/Blum Computer Consulting, LLC (VBCC), part of the Vrakas CPAs + Advisors family of companies, has achieved Sage Diamond Partner Status for the fourth year in
Welcome Interns of 2023!
Vrakas is excited to welcome its first intern class of 2023, and what a class it is! With 4 Brookfield interns and one for our
2023 Tax Deadlines
Individual Deadlines: January 17, 2023 4th Quarter 2022 estimated tax payment due. April 3, 2023 Required minimum distribution due if you turned 72 in
Welcome Andy Kamphuis
Vrakas New Hire Brookfield, WI – The public accounting and business advisory firm, Vrakas S.C., is pleased to announce the addition of Andrew A. Kamphuis