Brunette Tax & Accounting LLC

09/12/2022

Curious as to what tax items were in the Inflation Reduction Act passed in August? See our post on our website:

Highlights from the Inflation Reduction Act Here are some highlights from the Inflation Reduction Act that was signed into law on August 16th: The cost of Marketplace health insurance remains capped for everyone. You only have to pay at most 8.5% of your income or the total cost of the premiums, whi...

06/21/2022

The IRS is increasing the mileage rate for the rest of 2022 starting on July 1. The new rate will be $0.625 per mile. Read more here: https://www.irs.gov/newsroom/irs-increases-mileage-rate-for-remainder-of-2022

01/31/2022

We are doing in person tax appointments this year. If you would like to set one up, call the office at 920-592-0400. Please know that a mask will be optional while you are in our office for an appointment.
We do have the option for you to drop off or upload your information through our website as well to get your tax return done.

06/22/2021

The IRS has updated their website to allow people to opt out of the advance payments for the child tax credit for 2021 here: https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021.

Find details about the advance Child Tax Credit payments, including how to get them or stop getting them.

06/10/2021

Reminder to check on your HSA contributions for 2021: the maximum you can contribute on a single plan is $3600. The maximum for a family plan is $7200. If you are 55 or older, you can contribute an additional $1000 to either plan.

03/24/2021

The IRS and Wisconsin have both pushed the tax return filling deadline for 2020 back to May 17, 2021. Any amount owed to either agency is due at that time as well.
If you have estimated payments for the 2021 tax year, those are due on their normal times. The first 2021 estimate is due April 15.

01/26/2021

We have a new website. You can upload documents to the company through the website if you like. Let us know of any feedback:

Brunette Tax & Accounting, LLC Our firm primarily serves northeastern Wisconsin and the upper peninsula of Michigan. We provide a variety of services for individuals, partnerships, trusts, estates and corporations. These services include tax preparation with planning and forecasting for taxes. We al...

01/06/2021

Some of the relevant items that were passed at the end of December:
1. Expenses related to the PPP funds are now deductible.
2. There will be another round of PPP loans to come.
3. The EIDL advance does not need to be paid back.
4. The employee paid sick leave was extended through March 31, 2020. The employer has the option if they want to continue providing those payments.
Please contact the office if you have questions.

12/07/2020

Wisconsin is coming out with relief for restaurants, lodging, and music venues. The Wisconsin economic development corporation is going to work directly with the business owners. Here is some more information:

Gov. Tony Evers announced Thursday that nearly $80 million in grants are being awarded through federal coronavirus funding to assist restaurants, hotels and music venues that have been hit hard during the COVID-19 pandemic.