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Tax Relief for Flood‐Affected Residents in Milwaukee, Washington & Waukesha Counties

2025-09-23T18:27:43+00:00

In August 2025, severe storms, flooding, straight‐line winds, and mudslides struck parts of southeast Wisconsin—including Milwaukee, Washington, and Waukesha counties—causing property damage, business interruption, and widespread hardship. In response, federal, state, and local authorities have put in place several relief programs and tax relief measures to assist residents. Below is a summary of who qualifies, what [...]

Tax Relief for Flood‐Affected Residents in Milwaukee, Washington & Waukesha Counties2025-09-23T18:27:43+00:00

One Big Beautiful Bill Act

2025-09-18T17:11:21+00:00

The One Big Beautiful Bill Act signed into law on July 4, 2025 has some beneficial changes to our tax laws for individuals across the country. Below are a few of the changes that go into effect for 2025. No Tax on Tips This is effective starting with tax year 2025 and set to expire after [...]

One Big Beautiful Bill Act2025-09-18T17:11:21+00:00

Roth vs. Traditional IRA: What’s the Difference?

2025-08-11T14:50:25+00:00

Roth vs. Traditional IRA: What's the Difference? When planning for retirement, choosing the right type of Individual Retirement Account (IRA) is crucial. The two most common options—Roth IRA and Traditional IRA—offer distinct tax advantages, and understanding the key differences can help you make the best choice for your financial goals. Tax Treatment Traditional IRA: Contributions may [...]

Roth vs. Traditional IRA: What’s the Difference?2025-08-11T14:50:25+00:00

Snapshot of Biden’s Student Loan Relief Plan

2022-08-31T13:04:21+00:00

The talk of the town is regarding Biden’s Student Loan Relief Plan. It is still in the works but here’s a breakdown of what we know so far. This is still a proposal and is not yet finalized.1. The Department of Education will provide debt cancellation to Pell Grant recipients up to $20,000.2. The Department of [...]

Snapshot of Biden’s Student Loan Relief Plan2022-08-31T13:04:21+00:00

SMALL BUSINESS TRAVEL

2021-10-11T16:59:22+00:00

Many self-employed taxpayers are booking trips now in an effort to reenergize their business opportunities. Good news: If you meet certain requirements, you can write off the bulk of your travel costs, even if you “mix in a little pleasure” with your business. Background: Generally, you can deduct business travel expenses away from home if the [...]

SMALL BUSINESS TRAVEL2021-10-11T16:59:22+00:00

Will I be taxed for my forgiven PPP loan?

2020-11-28T16:52:12+00:00

  The CARES Act spells out that the forgiven loan amount won’t be included in taxable income. That means you don’t pay taxes on the money that you receive. The aim of this loan is to provide businesses with the money to keep running and continue paying employees, not to create a tax burden for businesses receiving the [...]

Will I be taxed for my forgiven PPP loan?2020-11-28T16:52:12+00:00

THE 2020 ECONOMY MANADATES EARLY TAX PLANNING

2020-11-28T16:26:22+00:00

Every financial transaction, whether you are an individual or a business owner, has the potential to affect your tax strategy. The many twists and turns of 2020 have added new complexities.  Combinations of Paycheck Protection Program (PPP) loans, Cares Act payroll tax deferral, unemployment benefits are just of few of the unfamiliar issues that are new [...]

THE 2020 ECONOMY MANADATES EARLY TAX PLANNING2020-11-28T16:26:22+00:00

Wisconsin State Fair Celebration at Tax Management

2024-07-17T17:41:19+00:00

We had a great celebration of the WISCONSIN STATE FAIR at Tax Management yesterday. We enjoyed the famous cream puffs, almost as famous brownies and chocolate chip cookies direct from the dairy pavilion. We are proud to serve our community and recognize the value of our Wisconsin businesses.

Wisconsin State Fair Celebration at Tax Management2024-07-17T17:41:19+00:00

WHAT DO YOU DO IF YOU GET A STIMULUS CHECK THAT YOU SHOULD NOT RECEIVE.

2020-05-11T20:22:36+00:00

Who Needs to Return a Stimulus Payment The IRS says that a stimulus payment made to someone who died before receiving it should be returned to the government. The entire payment should be returned, unless it was made payable to joint filers and one spouse is still alive. In that case, you only need to return [...]

WHAT DO YOU DO IF YOU GET A STIMULUS CHECK THAT YOU SHOULD NOT RECEIVE.2020-05-11T20:22:36+00:00

ARE YOU PREPARED TO REOPEN YOUR BUSINESS

2020-05-10T15:39:30+00:00

When you are ready to reopen your business, you need to be aware of the legal ramifications of your actions.  We all want to protect or employees and customers to enable our businesses to recover from the Safer at Home Period.  The following is advice that  Catherine Tansey has prepared. Here’s what you can do to [...]

ARE YOU PREPARED TO REOPEN YOUR BUSINESS2020-05-10T15:39:30+00:00

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TAX MANAGEMENT

N84 W15787 Menomonee Ave.
Suite 5
Menomonee Falls, WI 53051
Phone: (262) 923-8100
Fax: (262) 661-5558

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Tax Management was founded on the principal of provided provide quality work at affordable rates. Our staff includes a Certified Public Accountant (CPA), Enrolled Agent (EA) and experienced tax preparers with over 100 years of experience.

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