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Blog Category: Financial News

Did you lose your job? Here are the tax implications you need to know

Although the job market appears to be booming, some people are still losing or just leaving their current jobs. If you find yourself in this situation, taxes are probably the

There’s still time to decrease your 2021 Taxes; here’s 3 key questions to discuss with your tax advisor

As the economy continues to reel from the effect of the Covid-19 pandemic, many taxpayers continue to look for ways to save. Are you looking for ideas on how to
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Employee Retention Credit Services offered by Wegner CPAs

Is your organization or business still wondering if there are any options for stimulus relief? Good news! There might be! If you haven’t explored the Employee Retention Credit (ERC), you may have the
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Fiscal Agent services for families and care providers

Do you have a family member or know a child with disabilities?  If you do, then you know the daily challenges these families face.  At Wegner CPAs, we have a
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Be Capitalize Wise!

Should you capitalize or expense your business’ or organization’s latest purchase? This is a question that should be getting answered for each and every purchase you make.  The answer you
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SVOG, PPP, EIDL, and RRF Updates

Shuttered Venue Operators Grant Portal Open The Shuttered Venue Operators Grant (SVOG) portal opened on 4/8/21 at noon EST on the SBA.gov website.  There have been reports that the website
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Do you qualify as the “head of household” for filing purposes?

An individual’s filing status determines the rate they are taxed and their allowable standard deduction. The head of household filing status, generally, allows for a lower tax rate and a
"ppp loan" written on a chalkboard

PPP Updates and Considerations

On February 22nd, the Biden administration announced that PPP loans would be made exclusively available to employers with less than 20 employees beginning February 24th through Tuesday, March 9th.  This
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Schedule C Filers Now Eligible for Larger PPP Loans

On Wednesday, March 3rd, the SBA and Treasury released a new Interim Final Ruling (IFR) that details previous guidance announced by the Biden administration related to Schedule C filers and
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Say What?!? Wisconsin is going to tax my PPP?

The Wisconsin Department of Revenue recently announced on the WDR website a note to taxpayers regarding the Wisconsin-federal differences related to the treatment of expenses paid with PPP loan funds. It’s