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Welcome to our new Perspective Manufacturing newsletter, which we will post on a quarterly basis.
Please contact Brian Bastian, CPA, Partner at the Firm with any questions pertaining to the articles: 320-251-0286 or at bbastian@swcocpas.com.
Click here to view this quarters Perspect... |
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Welcome to our new Muse Not-for-Profit newsletter, which we will post on a quarterly basis.
Please contact Molly Thompson, CPA, Partner at the Firm with any questions pertaining to the articles: 320-251-0286 or at mthompson@swcocpas.com.
Click her to view this quarters M... |
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Welcome to this month's edition of the "Tax and Business Alert." Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Pl... |
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Steven J. Schueller, CPA, has been elected as the Managing Partner of Schlenner Wenner & Co. Steve is a graduate of St. Cloud State University and joined the Firm in 1988, becoming a Partner in 1998. As Managing Partner, Steve will continue the Firm’s mission of providing exceptional service... |
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Expired Items:
Increase in AMT exemption amounts
Deduction for state and local general sales tax
Above-the-line Deduction for qualified tuition... |
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Schlenner Wenner & Co. will be hosting QuickBooks Training at our St. Cloud office on Thursday, May 10 and Thursday, December 6th from 8:30 a.m. to 4:30 p.m. Cost is $99 and includes lunch. Registration ends Monday, May 7th and Monday, December 3rd.
For more information about the training, please click here.
To register, pl... |
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January 3rd was the seven-year anniversary of the James & Gruber merger. The merger has proven to be a success to the Firms and its employees. We look forward to continuing to grow each of our office location... |
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Alex Dawald in our St. Cloud office received notice that he passed the final section of the CPA exam. In September after completing one year of experience he will receive his official certificate! Great job Alex!
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Operating a Business as an LLC
Entrepreneurs have many questions and concerns when starting a business, not the least of which is related to minimizing their legal liability. In many cases, operating a business as a Limited Liability Company, more commonly known as an LLC, may be the best wa... |
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Late on December 22, House and Senate leaders agreed to end their stalemate over extending the payroll tax break. Under the agreement, for the first two months of 2012, a 4.2% Social Security tax would continue to apply to workers’ pay (10.4% OASDI tax for self-employment income).
However, the agree... |
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This holiday season Schlenner Wenner & Co. proudly participated in Adopt-a-Family Programs and holiday giving. Two families were adopted through Catholic Charities Share the Spirit program and one family was adopted through Rivers of Hope in Monticello. The staff also participated in gather wish list items for those in ... |
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Santa visited our St. Cloud office to spend some time with his favorite accounting firm’s families! There were 33 brave little boys and girls, as well as many shy, mini-accountant types too! Everyone got chance to visit with Santa for as long as they wanted so they could go thr... |
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Health Savings Account (HSA) Benefits
A Health Savings Account (HSA) represents an opportunity for eligible individuals to lower their out-of-pocket health care costs and federal tax bill. Since most of us would like to take advantage of every available tax break, now might be a good time to consider an ... |
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Aaron Smith has recently been appointed the Treasurer position for the Albany Chamber of Comme... |
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Della Ludwig has become Chair of the Waite Park Chamber, which is part of the St. Cloud Area Chamber.
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Jon Archer was acknowledged at the MNCPA Fall CPA recognition dinner on October 20th. Jon’s wife, Maria attended, along with Partner Brian Bastian. The dinner was in honor of the most recent people who passed the CPA e... |
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Congratulations to Ryan Schmidt who was recently informed that he is now a CPA! Ryan had passed all parts of the exam prior to being hired last year, but need to fulfill a year experience before he could apply for his lice... |
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Qualified Charitable Distributions
IRA owners and beneficiaries who have reached age 70½ are permitted to make cash donations to IRS-approved public charities directly out of their IRAs. These so-called qualified charitable distributions, or QCDs, are federal-income-tax-free to you, but you get no itemized charitable write-off on your tax return. But, that&rsq... |
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Once again Schlenner Wenner & Co. held their annual United Way Campaign with activities spread throughout the week to help raise additional money for the United Way. All monies raised through our in-house activities were calculated separately from the United Way Pledge Forms.
We also had employees from our... |
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A big thank you goes out to everyone who attended and helped out in one way or another at our business after hours event that took place on Thursday, September 15th. An estimated 250-300 guests were in attendance, not including our staff members. Everyone had a good time networking, tou... |
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Tax Advantages of Small Business Stock
As you may be aware, gains and losses on sales of corporate stock owned personally are generally treated as capital gains and losses. Although capital gains are potentially taxed at preferential rates, capital losses are usually unattractive because they can only offset capital gains ... |
