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Vrakas CPAs, Here Are Your Articles for Wednesday, July 14, 2021
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Vrakas Promotions

Vrakas is pleased to announce the promotion of Adam Henning to Principal, Katelynn Lorenzi to Manager, Robert Grey to Senior Valuation Analyst, and Kayla Kakonis to Marketing Manager.

Vrakas Wins Top Choice Award

We are excited to announce that Vrakas CPAs + Advisors won the Milwaukee Journal Sentinel's Top Choice Award in the "Accountant" category! 

What to Know About Backup Withholding

You may be subject to backup withholding if you fail to provide a correct Taxpayer Identification Number, or TIN, or don't report interest or dividends. Click through to learn the consequences.

Do You Need Flood Insurance?

It's a common — but mistaken — assumption that a standard homeowners insurance policy covers damage from flooding. You typically have to buy it separately. Click through to learn whether you might need it and how best to get it.

How To Follow IRS Rules To Create a Nonprofit

Are you thinking of forming a nonprofit? There are a lot of rules — both state and federal — that affect the structure and tax status. Click through for an introduction to nonprofit regulation to make sure you start on the right foot.

How To Offer Internships

Internships provide real-life training to recent college graduates and workers transitioning to new careers. But there are rules: You can't simply use interns as underpaid workers. Click through for best practices and labor law requirements.

Local Entertainment And Events Calendar: Including Virtual Events

You'll always know where the fun's going on with our interactive local events calendar featuring social sharing, images, videos and ticket links. Click through to see what's happening or to add your own local events.

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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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