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Vrakas Promotes Three to Shareholder Status

The public accounting and business advisory firm, Vrakas S.C., is pleased to announce the promotion of Michael J. Hall, CPA, Mary Ellen Michaelson, CPA and Scott M. Syrjala, CPA to Shareholder effective January 1, 2021. Each of them has demonstrated that they have the...

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Effect of New Federal Law on 2020 Wisconsin Tax Returns

The Wisconsin Department of Revenue recently published a bulletin describing the effect of new federal law changes on 2020 Wisconsin tax returns.     The federal Consolidated Appropriations Act, 2021 (Public Law 116-260) was enacted on December 27, 2020. The...

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New Hires & Interns

Vrakas is happy to add three new employees to the firm as well as four interns joining us for the 2021 prime time. Dan, Erek and Tim were offered full-time positions after completing their internships and are officially back as associates. Dan Leitinger...

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PPP: Second Draw Loan and Revised Borrower Application

The SBA has recently released a top-line overview describing the criteria for those who may qualify for a second draw of Paycheck Protection Program (PPP) loans as well as the application form for the second draw loan and a revised application for new borrowers. Click...

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Guidance Released Regarding PPP Loans

The U.S. Small Business Administration (SBA) and Treasury have issued two interim final rules (IFR’s) regarding the Paycheck Protection Program (PPP).  Below are links to the IFR’s and descriptions for the content included therein.  We will provide updates and...

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