News & Updates
What to Know About Backup Withholding
What to Know About Backup Withholding Backup withholding is a federal tax on income that otherwise typically doesn't require tax withholding, such as 1099 and W2-G income. Taxpayers who receive this type of income may have backup withholding deducted from their...
Employee Relocation: What Happens to Your Home?
Employee Relocation: What Happens to Your Home? Employees and small business owners often have questions about what to do with an employee's home - and what the tax consequences might be - when they move to a new job location. Here are some answers: Employees Most...
Advance Child Tax Credit Payments Start This Month
Advance Child Tax Credit Payments Start This Month The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting...
Business & Accounting Session
[vc_row][vc_column][vc_video link="https://vimeo.com/569547240/7df6c88498"][vc_btn title="PowerPoint Presentation" link="url:https%3A%2F%2Fwww.wesselcpa.com%2Fwp-content%2Fuploads%2F2021%2F06%2FWessel-Business-Accounting-Session.pdf"][vc_column_text]Watch our Business...
Defending champion Summerhays fronts impressive field in 68th Sunnehanna Amateur
The 68th Sunnehanna Amateur Tournament for Champions will bring a field of 101 golfers to the Westmont course, including defending champion Preston Summerhays. The tournament will begin Wednesday and conclude on Saturday at the par-70 Sunnehanna Country Club....
12 Best Small Towns in Pennsylvania
With so many different sides to it, Pennsylvania really is a treat to travel around and surely has something for everyone to enjoy. While its big cities of Pittsburgh and Philadelphia bustle with life, countless small towns in Pennsylvania can be found tucked away...
Lets Talk ERC
Employee Retention Credits Last year, the CARES Act introduced an Employee Retention Credit (ERC) to provide reimbursement of wages for businesses affected by the COVID-19 virus and incentivize employers to maintain a pre-pandemic level workforce. Although it was...
Tips for Students with a Summer Job
[vc_row][vc_column][vc_column_text] Tips for Students with a Summer Job If your child is a student with a summer job, the income your child earns over the summer is considered taxable income. Here's what they should know: Form W-4. When anyone gets a new job, they...
HSA Limits Increase for 2022
[vc_row][vc_column][vc_column_text] HSA Limits Increase for 2022 Contributions to a Health Savings Account (HSA) are used to pay current or future medical expenses of the account owner, his or her spouse, and any qualified dependent and are adjusted annually for...
Changing Jobs? Don’t Forget About Your 401(k)
[vc_row][vc_column][vc_column_text] Changing Jobs? Don't Forget About Your 401(k) One of the most important questions you face when changing job is what to do with the money in your 401(k) because making the wrong move could cost you thousands of dollars or more in...