Author: Robert Wasiluk

Scam artists seem to come out of the woodwork when there’s money involved — and taxes are no exception. Fortunately, if you familiarize yourself with common tax scams and understand what the IRS will and won’t do, it’s easy to avoid them. This article highlights...

Small businesses enjoy several tax advantages that may allow them to reduce their tax bills, defer taxes and simplify the reporting process. Until recently, federal tax rules generally defined “small business” as one with average annual gross receipts of $5 million or less ($1 million...

The S corporation continues to be a popular entity choice, combining the liability protection of a corporation with many of the tax benefits of a partnership. But these benefits come at a price. S corporations must comply with strict requirements that limit the number and...

After 36 years as a partner with Schmidt Westergard & Company, Jim Schmidt has decided to retire as a partner from Schmidt Westergard as of December 31, 2020. Effective January 1, 2021, Jim  will assume a valued role with the firm in an "Of Counsel" capacity. ...