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Blog Month: October 2021

Part I: The New Lease Accounting Standard Overview

In February 2016, the Financial Accounting Standards Board (FASB) issued the new standard on leases – Accounting Standards Update (ASU) 2016-02. After some delay, the adoption of the new lease

Evaluating Your Tech Stack

As new technology and software are developed each day, it is important to always be evaluating your organization’s technology stack. You might be asking yourself, “What is a tech stack?”.

Cost Segregation Study – when does it makes sense for your business

Often, businesses allocate all or most of their buildings’ acquisition or construction costs to real property, overlooking opportunities to allocate costs to shorter-lived personal property or land improvements. A cost

Why you should make Qualified Charitable Distributions (QCDs) from your IRA

If you are 70 ½ or older, have an IRA, and make charitable contributions this strategy may be for you. Under our current tax system, the standard deduction is very

Thinking about renting your vacation home? Here’s what you need to know for tax reporting.

It has become increasingly common for people with vacation homes to consider renting the home out to others when not in use, in order to earn some additional income and

Wegner CPAs Announces Two New Partners

Wegner CPAs is pleased to announce the appointment of Tim Seidel, CPA, MPA and Cheryl Wittmann, CPA, CVA as the newest partners of the firm effective October 1st, 2021. Since