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Income Ranges for Determining IRA Eligibility Change for 2021
The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021 in Notice 2020-79, posted today on IRS.gov. Highlights of changes for 2021: The income ranges for...
IRS Provides Tax Inflation Adjustments for Tax Year 2021
The Internal Revenue Service today announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2020-45 provides details about these annual adjustments. Highlights...
Casting for HOPE
This past Saturday boats gathered on Random Lake for the 14th annual Casting for HOPE Muskie tournament, hosted by Brad Weckwerth, Managing Shareholder at Vrakas CPAs along with his friend, Erik Miller. Covid can’t kill everything. This year’s event included 21...
Second Round of “We’re All In” Small Business Grants is Now Open
The Wisconsin Economic Development Corporation (WEDC) is opening up a second round of grants for eligible small businesses. These grants are the result of an additional $50 million in funding made available by the Coronavirus Aid, Relief, and Economic Security (CARES)...
Virtual Sage 100cloud Conference presented by VBCC
Vrakas/Blum Computer Consulting, Inc. (VBCC) has been selling and implementing Sage products for over 25 years and is one of the top Sage resellers in the Midwest region. Sage 100cloud helps growing companies with accounting, manufacturing, distribution, inventory...
Vrakas Adds Two Tax Associates
Welcome Moriah and Parker! Moriah and Parker were offered full-time positions after completing their internship with the firm in spring 2019. They both went back to school to finish up their degrees and are officially back! Moriah joins the firm as a tax associate...
Vrakas Adds Audit Principal to Kenosha Office
The public accounting and business advisory firm of Vrakas Advisors, LLC is pleased to announce the addition of Kelli Keys as an Audit Principal to the Kenosha Office. Keys joins Vrakas with 15 year’s experience in providing assurance and consulting services. She has...
New Hires – Welcome to the Vrakas Family!
Kelli Keys | Audit Principal | Kenosha Office Kelli joins Vrakas with 15 year’s experience in providing assurance and consulting services. She has significant experience working with clients in the construction industry, with most of her career having focused on...
Top Workplaces Celebration
Vrakas held a three-day extravaganza of celebratory lunches for being named a Top Workplace by Milwaukee Journal Sentinel. We had boxed lunches catered in the first two days (tenderloin sandwiches from Skyline & burritos from Qdoba) and ended with a social...
IRS Issues Guidance to Implement Presidential Memorandum Deferring Certain Employee Social Security Tax Withholding
The Department of Treasury and the Internal Revenue Service recently released guidance implementing the Presidential Memorandum issued on August 8, 2020 allowing employers to defer withholding and payment of the employee’s portion of the Social Security tax if the...