What’s New for IRS Form 1040 This Year
If you’ve gathered your tax documents and are ready to tackle your tax return, there’s one more step you should take: becoming familiar with what’s new on the 2021 Form…
Wessel & Company is Pleased to Announce New Shareholders!
We are pleased to announce that Jared R. Mishler, CPA, and Chad D. Korenoski, CPA, have been named Shareholders Jared R. Mishler, CPA is a resident of Somerset County and…
Standard Mileage Rates for 2022
Standard Mileage Rates for 2022 Starting January 1, 2022, the standard mileage rates for the use of a car, van, pickup, or panel truck are as follows: 58.5 cents per…
Watch Out for Holiday Gift Card Scams
There’s never an off-season when it comes to scammers and thieves who want to trick people into scamming them out of money, stealing their personal information, or talking them into…
Important Tax Changes for Individuals and Businesses 2022
Important Tax Changes for Individuals and Businesses 2022 Every year, it’s a sure bet that there will be changes to current tax law, and this year is no different. From…
Getting Ready for the 2022 Tax Filing Season
Getting Ready for the 2022 Tax Filing Season Filing your tax return promises to be just as complicated as always – especially if you received stimulus payments or advance child…
Tax Credit for Hiring Long-Term Unemployed Workers
Tax Credit for Hiring Long-Term Unemployed Workers With many businesses facing a tight job market, employers should know about a valuable tax credit available to them for hiring long-term unemployment…
Highlights of the Infrastructure Investment and Jobs Act
Highlights of the Infrastructure Investment and Jobs Act While the recently passed Infrastructure Investment and Jobs Act primarily addresses infrastructure-related issues, it includes several tax provisions affecting individuals and small…
Small Business Taxpayers: The Year in Review
Small Business Taxpayers: The Year in Review Here’s what business owners need to know about tax changes for 2021. Standard Mileage Rates The standard mileage rate in 2021 is 56…
Individual Taxpayers: The Year in Review
Individual Taxpayers: The Year in Review 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…