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
10/28/2024
Enhance your year-end giving with tax-beneficial gifts
As the year ends, many consider their finances and tax strategies. A smart way to lower potential estate taxes and...
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Tax
10/24/2024
IRS Releases Next Year’s Tax Related Inflation Adjustments
On Tuesday, October 22nd the Internal Revenue Service (IRS) released the tax inflation adjustments for tax year 2025. These adjustments...
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Tax
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
10/17/2024
Make year-end tax planning moves before it’s too late!
With the arrival of fall, it’s an ideal time to begin implementing strategies that could reduce your tax burden for...
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Tax
09/30/2024
Considering an electric vehicle? Here’s what you need to know.
Electric vehicles (EVs) are becoming more popular by the day. Not only do they save you gas dollars, but they...
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Tax
09/26/2024
Cost Allocation on the IRS Form 990
All 501(c)(3) and (c)(4) nonprofit organizations who are required to file a Form 990 (not including Form 990-EZ or 990-N)...
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Non-Profit
09/12/2024
Rental Income for Nonprofits: Unrelated Business Income Tax or Exempt?
Donations and grants are typically the first things that come to mind when considering nonprofit funding sources. However, many organizations...
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Non-Profit
09/03/2024
Are you liable for two additional taxes on your income?
If you have a high income, there are additional taxes that may apply to you. To stay informed and up...
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Tax
08/30/2024
Estate Planning? Don’t Overlook Income Taxes
In 2011, there was a much smaller estate tax exemption, compared to the $13.51 million exemption of 2024, leading many...
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Tax
08/26/2024
Divorce in your future? Be aware of these tax implications.
Divorce can be challenging, and taxes might be the last thing on your mind. However, certain tax issues are important...
