Vrakas CPAs, Here Are Your Articles for Wednesday, September 12, 2018
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Did you know Vrakas has upcoming Seminars?


Quick Books User Conference

Vrakas CPAs + Advisors’ affiliate company, Vrakas/Blum Computer Consulting, has added a QuickBooks track to their annual Sage User Conference scheduled for Wednesday, October 24, 2018.

The QuickBooks User Conference is carefully designed to support continued education and growth. With a focus on learning, the format will be broken into a morning session on the QuickBooks Online Product and an afternoon session on the QuickBooks Desktop Product. Each session’s agenda will include:

  • Road Ahead
  • Month End
  • Planning & Budgeting
  • Tips & Tricks

To register and learn more CLICK HERE!


Accounting Update Seminar

Vrakas CPAs + Advisors is holding a seminar on the new revenue standards on Tuesday, November 13, 2018.


The FASB’s new revenue recognition model will become effective in January 2019 for private companies. This new revenue standard is expected to affect the revenue recognition practices of most companies. With the requirements quickly approaching, it is time to begin planning for implementation of the new standard.


Stacey Painter, CFO/COO of North American Filtration, Inc., presents Accounting Standards Update (ASU) No. 2014-09 Revenue from Contracts with Customers, as amended, from the perspective of company management preparing the financial information necessary to comply with the new ASU as it relates to small and mid-size businesses.


Participants will be able to:

  • Recognize how the new revenue guidance differs from legacy revenue guidance
  • Identify and describe the five steps involved in applying the new revenue recognition model
  • Identify the transition requirements to be applied upon the effective date of ASU 2014-09, as amended

To register and learn more CLICK HERE!


Basic Reporting Requirements for 1099s and S Corporation Shareholder Benefits Seminar

On Tuesday, December 4, 2018, Vrakas CPAs + Advisors will be holding a seminar on the Basic Reporting Requirements for 1099s and S Corporation Shareholder Benefits.


Vrakas principal, Mary Ellen Michaelson, will present the following topics:

  • Reporting 1099 Income – Various Form 1099 Requirements
  • Form 1099 Recipients
  • Deadlines for Filing Form 1099
  • Reporting S Corporation Shareholder Benefits on W-2 Forms


To register and learn more CLICK HERE!

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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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