by Lori Bowden | Jun 3, 2026 | Business, Newsletter, Tax
When business owners think about risk, they often focus on market pressures or operational challenges. An IRS audit usually isn’t top of mind — but it can be costly, disruptive and time-consuming. Although some taxpayers are randomly selected for an audit, many audits...
by Lori Bowden | Jun 2, 2026 | Business, Individuals, Newsletter, Tax
If your business is like many today, you’re seeking more ways to attract and retain talent. One option is to offer tax-advantaged educational assistance under Internal Revenue Code Section 127. Recent legislative changes have expanded the value of this benefit. How...
by Lori Bowden | May 28, 2026 | Business
35th Annual Showcase for Commerce: Government Contracting Series Wessel & Company was proud to participate in the 35th Annual Showcase for Commerce, delivering timely and relevant presentations alongside an industry expert across three critical topics shaping...
by Lori Bowden | May 4, 2026 | Business, Individuals, Newsletter, Tax
Selling investment or commercial real estate can result in a substantial tax bill if the property has appreciated significantly. One strategy to help ease your tax burden is an installment sale. What’s an Installment Sale? In an installment sale, the seller gets at...
by Lori Bowden | May 3, 2026 | Business, Individuals, Newsletter, Tax
Tax documents can accumulate quickly. While clearing out old files can feel productive, it’s important not to discard anything until you’ve reviewed some record-retention guidelines. Why Good Recordkeeping Is Important Well-organized records make it easier to prepare...
by Lori Bowden | May 1, 2026 | Business, Newsletter, Tax
The wages you pay your child are generally deductible as a business expense. For your child’s income tax purposes, wages received will be at least partially protected from federal income tax by his or her standard deduction. Any wages in excess of the standard...
