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How To Handle Student Loans

First, if you're just considering getting a student loan at the beginning of a college career, what can you learn about student loans to help you offer advice to your kids as they get ready to head to college? Let's take a closer look. Shop around for a loan Don't...

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New Standard Mileage Rates For 2019

According to a statement from the IRS, starting in 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents per mile driven for business use, up 3.5 cents from the rate for 2018. 20 cents per mile driven for medical...

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Five Home Fitness Programs for a Busy Lifestyle

A busy schedule can keep you from getting to the gym and, as a result, can cause your physical fitness to decline. As public accountants, in the prime of tax season, it is difficult to always make it to the gym. Same with any other profession, you have your busy times...

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Can You Still Deduct Meal Expenses?

The Tax Cuts and Jobs Act made changes to deductions for meals. In fact, it eliminated the deduction for any expenses related to activities that used to be considered entertainment, amusement or recreation. But you'll be glad to hear that you may continue to deduct 50...

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Business Valuation: How to Choose

Often the best way to find someone who can provide business valuation services for your company is word of mouth — recommendations from colleagues you trust. Or perhaps a firm that has already satisfactorily provided other services to you also is qualified to provide...

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Wisconsin Pass-Through Entity Tax

Written By: Scott Syrjala, Tax Principal    Overview 2017 Wisconsin Act 368 (“Act 368”) was signed by Governor Scott Walker on December 14, 2018. Included in Act 368 is a new election which permits S-Corporations, partnerships and LLCs (pass-through entities) to elect...

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Sweating Over a Company Audit?

There is no need to stress when you have Vrakas on your side! Our goal is to form a relationship with your team and develop an understanding of your business operations and strategies. This allows us to make proactive recommendations and assist you in addressing...

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Padding Your Tax Deductions? The Consequences Are Serious

"In this world, nothing can be said to be certain, except death and taxes" is a quote often attributed to Benjamin Franklin. With that in mind, it's best to be prepared, at least financially, for taxes and tax season each year. The Risks When it comes to deductions,...

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Do You Know the Key Metrics for Your Dealership to Succeed?

It's 2019, competition is at an all time high. Why? Because of the digital world ... E-commerce, social media marketing, Superbowl commercial advertising, and the list goes on! In this day and age, it is extremely important for dealerships to define their vision and...

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The 4 QuickBooks Reports Small Business Owners Need

In 2017, Vrakas gained a Small Business Accounting Department! Our SBA department works with both QuickBooks desktop & QuickBooks online and can answer any of your questions. QuickBooks offers business users a variety of reports. Knowing which to use and how to...

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