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  • Leadership
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    • Privately Held Companies
    • Non-Profit Organizations
    • Government Agencies
    • Government Contractors
    • Healthcare
    • Individuals
    • Manufacturing & Distribution
    • Architects, Construction & Engineering
  • Lifecycle
    • Exit & Succession
    • GAP Management
  • Services
    • Assurance & Reporting
    • Customized Accounting Solutions
    • Payroll
    • Income Tax Strategies & Returns
    • Sales Tax Reporting & Audits
    • Employee Benefit Plans & ESOPs
    • Fraud & Internal Controls
    • Valuations
    • Exit & Family Succession
    • Advisory Support
    • Abila™ Nonprofit Solutions
  • Careers
    • Open Positions
  • Resources
    • Brochures
    • Client Portal
    • Secure Send
    • Newsletter
    • Record Retention
    • Tax Organizer
    • Videos
  • Contact Us

Yearly Archives: 2022

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  2. 2022

Improperly Forgiven PPP Loans Are Taxable

Business, Newsletter, TaxBy Wessel & CompanyDecember 6, 2022

Recipients of Paycheck Protection Loans (PPP) should be aware that when a taxpayer’s loan is forgiven based upon misrepresentations or omissions, they are not eligible to exclude the forgiveness from…

Retirement Contributions Limits Announced for 2023

Individuals, NewsletterBy Wessel & CompanyDecember 5, 2022

Cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for 2023 are as follows: 401(k), 403(b), 457 plans, and Thrift Savings Plan. Contribution limits for employees…

Small Business Taxpayers: The Year in Review

Business, Newsletter, TaxBy Wessel & CompanyDecember 1, 2022

Here’s what business owners need to know about tax provisions for 2022: Standard Mileage Rates Due to inflation, there were two standard mileage rates in 2022: 62.5 cents per business…

Individual Taxpayers: The Year in Review

Individuals, Newsletter, TaxBy Wessel & CompanyDecember 1, 2022

As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2022. Personal Exemptions Personal exemptions are…

Wessel & Company Annual Tax Update 2022

Business, Individuals, WebinarsBy Wessel & CompanyNovember 28, 2022

Eligible Families Can Claim Tax Benefits Until Nov. 17th.

Individuals, Newsletter, TaxBy Wessel & CompanyNovember 4, 2022

Eligible Families Can Claim Tax Benefits Until Nov. 17th. Starting in October, more than 9 million letters were sent out by the IRS to individuals and families who appear to…

Understanding IRAs: Terms to Know

Individuals, Newsletter, TaxBy Wessel & CompanyNovember 3, 2022

Understanding IRAs: Terms to Know IRAs, or Individual Retirement Arrangements, provide tax incentives for people to make investments that can provide financial security for their retirement. To help people better…

Year-end Tax Planning Strategies for Business Owners

Business, Newsletter, TaxBy Wessel & CompanyNovember 2, 2022

Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let’s take a look: Deferring Income Businesses using the cash method of accounting can defer…

Year-end Tax Planning Strategies for Individuals

Individuals, Newsletter, TaxBy Wessel & CompanyNovember 1, 2022

With the end of the year fast approaching, now is the time to take a closer look at tax planning strategies that could reduce your tax bill for 2022. General…

Tax Deductions for Homeowners

Individuals, Newsletter, TaxBy Wessel & CompanyOctober 7, 2022

For many people buying a home – whether it’s a fixer-upper in an up-and-coming neighborhood or that custom home you’ve always dreamed of – is a milestone event. While there…

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