5 Common Problems for Business Owners

We’ve seen these same business challenges happen to just about all of our clients. Sometimes, it’s as simple as not knowing how to interview an accountant or an accounting firm. Other times it’s as complex as the mismanagement of payables and receivables. Five common challenges that small businesses might encounter Small businesses often face a […]

Wisconsin Income tax – Itemized deduction credit

The Wisconsin Department of Revenue has issued a personal income tax notice announcing that the itemized deduction credit was computed incorrectly on some 2013 Wisconsin income tax returns by certain tax preparation software. As previously reported, taxpayers with incomes over a certain threshold are subject to limitations on federal itemized deductions for 2013. Beginning July […]

Manufacturing and Agriculture Credit

This credit is available to businesses that have qualified production activities income from property located in Wisconsin that is assessed as either manufacturing or agricultural. An individual, estate, trust, partnership, limited liability company (LLC), or corporation can compute this credit. The credit is a percentage of eligible qualified production activities income. It is calculated by […]