by Lori Bowden | Apr 3, 2024 | Business, Newsletter, Tax
Businesses shut down for many reasons. Examples include an owner’s retirement, a lease expiration, staffing shortages, partner conflicts, and increased supply costs. If you’ve decided to close your business, you might need assistance with some steps in the process,...
by Lori Bowden | Apr 2, 2024 | Business, Newsletter, Tax
If you own a C corporation, you know there’s a tax advantage to taking money out as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but it can’t deduct dividend payments. Therefore, if funds...
by Lori Bowden | Apr 1, 2024 | Business, Newsletter, Tax
Generally, the IRS has three years to audit a tax return, from the later of the due date of the return or the date you file. You can also file an amended return within this time frame if you overlooked something. Here’s what you need to know about keeping financial...
by Lori Bowden | Mar 11, 2024 | Business, Newsletter
Wessel & Company is proud to announce that they have been named among Pennsylvania Business Central’s Top 100 Organizations for 2024. The list was created by Pennsylvania Business Central’s 23-county coverage area and Wessel & Company were selected for their...
by Lori Bowden | Mar 4, 2024 | Business, Newsletter
If you’re looking for a retirement plan for yourself and your employees but worried about the financial commitment and administrative burdens involved, there are some options to consider. One possibility is a Simplified Employee Pension (SEP). This plan, which comes...
