Sales and Use Tax Basics for Construction Contractors in WI
The construction industry in Wisconsin is comprised of a wide variety of businesses. Commercial general contractors, specialty subcontractors in multiple...
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Business
11/01/2024
Case Study: Wisconsin Manufacturer Recovers $180K in Missed Tax Credits
By leveraging industry-specific tax knowledge, Wegner CPAs guided a Wisconsin-based manufacturer to reclaim over $180,000 in tax refunds through the...
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Business
10/28/2024
Cash or Accrual Accounting: What’s Best for Tax Purposes?
Your business ventures may have the option of choosing either the cash or accrual method of accounting for tax purposes....
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Business
10/23/2024
Mastering Month-End Close: Best Practices and Automation
Have you ever heard someone talk about “closing the books” at the end of the month? The Month-End Close process,...
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Business
10/23/2024
Potential Tax Implications of the November Election
Election Day is right around the corner, whether we are ready for it or not. One of the main points...
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Business
10/14/2024
4 Reasons You’re Not Reaching the Right Candidates
Are you trying to hire, but continue to get either unqualified or irrelevant resumes? It’s so frustrating, and it’s easy...
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Business
09/05/2024
Implementing Robotics and Automation in Manufacturing
With the U.S. Bureau of Labor Statistics projecting a 6% decline in employment for assemblers and fabricators from 2022 to...
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Business
08/22/2024
Voluntary Disclosure Program: IRS Provides Last Chance to Payback Improper ERC claims filed for 2021
On August 15, 2024, in Announcement 2024-212, the IRS provided a limited re-opening of the second round of a Voluntary...
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Business
08/12/2024
CECL: ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
The Current Expected Credit Loss (CECL) model is an accounting standard used to estimate allowances for credit losses based on...
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Business
08/09/2024
The DOJ and FBI Continuing to Investigate PPP Loan Recipients for Fraud
For several months now, a number of agencies, including the Federal Bureau of Investigation (FBI), have been working diligently to...
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Business
08/09/2024
IRS begins to process low risk ERC claims, review ERC claims, & notify taxpayers of claim denials where they’ve found red flags
The Internal Revenue Service (IRS) has started sending out denial letters related to the employee retention credit (ERC). The IRS...
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Business
06/03/2024
The Tax Advantages of Including Debt in a C Corporation Capital Structure
The term “debt” often has a negative connotation and leaves business owners feeling worried and stressed out. However, debt is...
