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, or moving purposes.    [button...

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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, for a learning session on Forms 1099-MISC and 1099-NEC. The topics covered during the session will...

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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 growth, effective November 15, 2021. Vrakas has taken over the Valeri Insurance Agency space located at: New...

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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 $19,500 for 2021 and 2020. Please click below for additional information regarding this update.   [button...

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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 more leeway to shop around for jobs that fit their lifestyles, needs, and values. Now, the onus is on employers to...

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Vrakas Learning Sessions

QuickBooks Desktop Training Session  Tuesday, November 2, 2021 (Virtual Event) Join our Small Business Accounting department for a QuickBooks Desktop Training Session via Zoom. The topics covered during the session will include: Planning & Budgeting Bank Feeds...

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2021 Vrakas/Blum User Conference

Tuesday, October 19 - Thursday, October 21, 2021 Designed with your continued education in mind, our affiliate company, Vrakas/Blum Computer Consulting, Inc., annual User Conference is bigger and better than ever.  Enhanced sessions presented by our talented team of...

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COVID Economic Injury Disaster Loan (EIDL) Policy Updates

The federal small business loan program has updated its COVID Economic Injury Disaster Loan (EIDL) policy to assist small businesses in recovering from the COVID-19 disaster. This program offers small businesses low-interest fixed rate long-term loans providing...

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