Wisconsin employers should expect to see an increase in their unemployment tax expenses through 2014. This increase is driven by a decrease in the FUTA credit and the Wisconsin special assessment.   Read more >>>

The Wisconsin Department of Revenue is currently performing an office audit project which identifies purchases made by Wisconsin buyers where sales tax was not properly charged or paid.   Read more >>>

As part of its “Fresh Start” initiative, the IRS is offering help to businesses that may be wrongly classifying employees as independent contractors. The new Voluntary Classification Settlement Program (VCSP) gives certain taxpayers an opportunity to reclassify their workers at reduced tax rates without the threat of future audits and penalties.   Read more >>>

As the board member of a not-for-profit organization, you have many responsibilities, one of which should include reviewing the organization’s Form 990. On the Form 990, the IRS specifically asks the not-for-profit organization if it provides a copy of the Form to its board members before filing the return, and to describe the process, if any, they use to review it. This indicates that the IRS feels it is good governance for boards to be involved in the Form 990 review.     Read more >>>

The negative effect of the economic downturn on public companies has been publicized throughout the media. This is nothing new since we have been through stock market crashes, credit crises, and recessions throughout history. But what happens to the value of closely held businesses (non-public companies) during these volatile economic times?     Read more >>>

If your business files Federal Form W-2 or Federal Form 1099, there may be an opportunity for less paperwork. For both types of forms, if all of the forms you file have no Wisconsin withholding and you submit the forms to the IRS, you no longer need to provide copies to the State of Wisconsin. This change is effective for the 2011 tax year and beyond   Read more >>>

In 2009, the Wisconsin Legislature enacted significant changes to the Wisconsin sales and use tax laws as they relate to manufacturers, with different effective dates. The law changes were contained in Wisconsin Act 28. Manufacturers should be aware of the Manufacturing Consumables Exemption and the Biotechnology and Manufacturing Research Exemptions that are available.   Read more >>>

Recently the Wisconsin Department of Revenue, in its eagerness to recover lost funding from the federal government, has initiated more aggressive sales tax audits to determine if businesses are properly paying sales and use tax to the state. Is your practice in compliance in this area? Here are some items to watch for.   Read more >>>

Is your team underestimating patient expectations? Patients not only have high expectations for quality health care—equally important to them is exceptional customer service. Read on for some steps you and your staff can take to enhance the patient experience within your practice.   Read more >>>

The IRS gave us a “Christmas present” on December 23, 2011 when it issued temporary regulations analyzing whether costs to acquire or produce property need to be capitalized or are deductible as an expense. The temporary regulations are effective for taxable years beginning on or after January 1, 2012.   Read more >>>