News & Updates
Working Remotely Could Affect Your Taxes
When COVID-19 struck, many employers quickly switched to a work-from-home model for their employees. Many of them began working in a state other than where their office was located. While some workers have returned to their offices, as the pandemic drags on, more...
Three Tips for Getting an Accurate Business Valuation
If you're conscientious about financial reporting, you may already have a sense of your company's worth, but in some instances, you might need a formal business valuation, such as: Certain transactions: Are you selling your business? Planning an IPO? Need financing?...
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 1040. While the format of Form 1040 and its schedules remain similar to 2020, there are several...
Wessel & Company is Pleased to Announce New Shareholders!
[vc_row][vc_column][vc_column_text] We are pleased to announce that Jared R. Mishler, CPA, and Chad D. Korenoski, CPA, have been named Shareholders [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/4"][vc_single_image image="109"...
American Rescue Plan Act of 2021 – Overview of Final Rule
[vc_row][vc_column][vc_video link="https://vimeo.com/670790615/fb9de25523"][dt_default_button link="url:https%3A%2F%2Fwww.wesselcpa.com%2Fwp-content%2Fuploads%2F2022%2F01%2FAmerican-Rescue-Plan-Webinar-Final-Rule.pdf|target:_blank" size="custom"]Download the...
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 mile driven for business use, up 2.5 cents from the rate for 2021 18 cents per mile driven for medical...
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 engaging in questionable behavior with their taxes. While scam attempts typically peak...
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 standard deductions to health savings accounts and tax rate schedules, here's a checklist of tax...
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 payments. However, there are steps that taxpayers can take right now to make...
2021 Annual Tax Update
[vc_row][vc_column][vc_column_text]Wessel & Company invites you to join us for our Annual Tax Update. This year we will be offering the update as an In-Person Event and an Online Event on Zoom. Both events are on Tuesday, November 23, 2021 at 4:00pm. The In-Person...