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Vrakas CPAs, Here Are Your Articles for Wednesday, August 11, 2021
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50th Anniversary Virtual Celebration

Clients, referral sources, family, and friends have been sending "virtual cheers" in celebration of Vrakas 50th Anniversary! Have you sent in your celebratory picture yet?! 

It's Time To Check Your Withholding

You may have been advised to check your tax withholdings at least once a year. But in 2021, considering all the pandemic-related changes, it’s a good idea to check more frequently. Click through for some IRS withholding advice to forestall any surprises at tax season.

Retirement Plan Startup Costs Tax Credit

You may be able to claim a tax credit of up to $5,000 when you set up a SEP IRA, a SIMPLE IRA or a 401(k) plan. Click through to see how the tax credit reduces the amount of taxes you owe.

Reverse Mortgage: Right for You?

If you're 62 years of age or older and want money to supplement your income, you might consider a reverse mortgage. You'll be able to convert part of your home equity into cash without having to sell your home or keep paying your mortgage.

FLSA Mistakes to Avoid

Enacted in 1938, the Fair Labor Standards Act (FLSA) governs federal minimum wage, overtime pay, child labor standards, and recordkeeping laws. Failure to follow these laws may come with a price. 

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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