by Lori Bowden | Jun 2, 2024 | Business, Newsletter, Tax
If you check the Internal Revenue Code, you may be surprised to find that most business deductions aren’t specifically listed there. For example, the tax law doesn’t explicitly state that you can deduct office supplies and certain other expenses. Some expenses are...
by Lori Bowden | Jun 1, 2024 | Fraud, Individuals, Newsletter
Scam artists seek new ways to steal financial data and money from vulnerable people in any season. Such fraudulent activities often target older adults. Here are three ways to help prevent elder financial abuse and fraud, whether you’re in this age bracket or you...
by Lori Bowden | May 6, 2024 | Newsletter
Wessel & Company would like to announce that our Aliquippa office will close on May 17th. Professionals currently at the Aliquippa office will now work out of our Cranberry office, located at 1667 Route 228, Suite 301, Cranberry Township, PA 16066. Our spacious...
by Lori Bowden | May 5, 2024 | Newsletter, Tax
If you employ a household worker who isn’t an independent contractor, you may be required to pay employment taxes on the worker’s cash wages. This is commonly referred to as the “nanny tax.” In 2024, when a household employee’s cash wages reach at least $2,700,...
by Lori Bowden | May 4, 2024 | Business, Newsletter, Tax
Every business wants to cut costs, but it isn’t easy. We’re talking about clear and substantial ways to lower expenses, thereby strengthening cash flow and giving you a better shot at strong profitability. Obvious places to slash costs (such as wages, benefits and...
by Lori Bowden | May 3, 2024 | Newsletter, Tax
If you received a large refund this year, you may want to adjust your withholding. Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you...
