NEW! for 2024
U.S. Treasury Financial Crimes Enforcement Network – Beneficial Ownership Information (BOI): Many companies are required to report information to FinCEN about the individuals who ultimately own or control them. FinCEN began accepting reports on January 1, 2024. https://www.fincen.gov/boi:
Update: Original notice posted here has been declined as of November 18th, 2024. Notice: On April 23, 2024, the U.S. Department of Labor (Department) announced a final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which will take effect on July 1, 2024 and Fact Sheet #23: Overtime Pay Requirements of the FLSA:
Calendar
Click here for important tax dates.
Government
Internal Revenue Service
Waiting for your Federal tax refund? Find out what the status is here.
Wisconsin Dept. of Revenue
Waiting for your state refund? Find out what the status is here.
Social Security-ssa.gov
Providing financial protection for our nation’s people for over 80 years.
Small Business Administration
You don’t need an MBA to use the SBA. This site outlines everything in plain English. The SBA site contains a wealth of information for entrepreneurs and small business owners.
Homeownership After the Tax Cuts and Jobs Act
Making the Most of the Mortgage Interest Deduction
Employee Retention Credit (ERC)
As you know, there has been a new stimulus bill signed which has provided more help for businesses. Businesses can apply for the ERC (Employee Retention Tax Credit). The Employee Retention Credit (ERC) provides a refundable credit of up to $14,000 for each retained employee between Jan 1 and June 30, 2021. You qualify as an employer if you were ordered to fully or partially shut down or if your gross receipts fell below 80% (for 2021). If your credits exceed payroll taxes, you can request a direct refund from the IRS. The new law, retroactive to March 27, 2020, now allows employers who received Paycheck Protection Program (PPP) loans to claim the ERC for qualified wages not treated as payroll costs in obtaining forgiveness of the PPP Loan. You have until April 15, 2025 to fill any claims for 2021.
Publications
Consumer World
Consumer World is a public service consumer resource guide with over 2000 links to everything “consumer”.
New York Times
News on the World, U.S., Politics, and more
Market Watch
Published by Dow Jones & Co., tracks the pulse of markets for engaged investors with more than 16 million visitors per month. The site is a leading innovator in business news, personal finance information, real-time commentary and investment tools and data…
Wall Street Journal
The Wall Street Journal is an American business-focused international daily newspaper published six days a week and is the largest newspaper in the US by circulation.
Forms
2848-Federal Power of Attorney
This form gives authorization to an individual to represent you before the IRS.
A-222-WI Power Of Attorney
This form gives authorization to an individual to represent you for certain acts with the state of Wisconsin.
I-9
All employees must complete this form at time of hire for the Immigration & Naturalization Service.
2024 W-4
The federal government has revised form W-4 Employee’s Withholding Certificate. Employees hired on or after Jan. 1, 2020, are required to complete the new 2020 W-4. The IRS is encouraging all taxpayers to take this opportunity to review their federal tax withholding information to make any necessary adjustments to income and marital status, as well as review estimated deductions and tax credits. Throw away any old blank W-4 forms you may have in stock; they will no longer be accepted.
W-9
An individual or entity (Form W-9 requestor) who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) which may be your social security number among other forms to report on an information return the amount paid to you, or other amount reportable on an information return.
WT-4 WI Version
Enables the employer to withhold the correct Wisconsin state income tax from your pay. Consider filling this out annually or any time your financial situation changes.
Organizations
AICPA
The American Institute of Certified Public Accountants is the national, professional organization for all Certified Public Accountants. The AICPA Bylaws state that if you are an AICPA member active in the practice of public accounting, you must be associated with a firm that participates in an AICPA-approved practice-monitoring program if the firm performs services within the scope of the peer review standards and issues reports in accordance with AICPA professional standards. Click here for Donahue & Associates LLC, CPA AICPA Peer Review Letter.
Tax reform individual changes
Use this resource to learn about key tax law changes that may impact you. This resource highlights common tax topics; it is not all-inclusive. Consult Donahue & Associates for additional guidance.
WICPA
The Wisconsin Institute of Certified Public Accountants is the premier professional organization for Wisconsin CPA’s, with nearly 8,000 members working in public accounting, industry, government, nonprofit and education.
Community
Village of Grafton Web Site. Catch the Wave!
Grafton Area Chamber of Commerce
Calculator
Bankrate.com
Bankrate.com provides interactive calculators for mortgage, banking, credit card, auto, loans, investing and taxes. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Treasury Direct Bond Calculator
Calculate the value of a bond based on the series, denomination and issue date entered.
