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“It’s the holiday season…” …and tax season will be here before we know it. What does that mean? It means in January and early February you’ll want to regularly check your email and mailbox to prepare your tax folder! End of year taxes are upon us. Year-end statements will be sent your way from banks,…

We believe in the power of community and the importance of giving back. This year, we had the privilege of partnering with The Ronald McDonald House Charities of Eastern Wisconsin to support their mission of keeping families together and promoting the health and well being of children. Our team enthusiastically participated in preparing meals for…

Are you a small to mid-sized business owner seeking agile and efficient ways to manage your finances? Understanding the importance of comprehensive accounting services can be the key to unlocking your business’s full potential. Some businesses handle their accounting in-house, while others may have already hired internal accountants. But what if there was a smarter…

Being a QuickBooks ProAdvisor is essential for any accounting firm. It provides access to valuable resources and tools that streamline accounting processes and improve efficiency. Most accounting firms use accounting software to serve their clients. What differentiates Schumacher Sama is their QuickBooks ProAdvisor certification. The certification gives Schumacher Sama credit for their knowledge and proficiency…

People don’t always realize how the myths they believe about something dictate their perspective. In Part 1 of ‘Busting Tax Myths’ we discussed 4 common beliefs people hold about their taxes that could lead to serious implications due to their lack of understanding between both the federal and state government and themselves. Fortunately, Schumacher Sama…

There are a plethora of tax preparation myths you will hear around tax time. We are here to help dispel a few of those common tax and accounting myths. As a premier CPA firm based in Wauwatosa, serving Milwaukee and Southeastern Wisconsin businesses with a team of 20+, we are confident in our tax, accounting,…

Giving back to the community can be beneficial to not just you, but your business as a whole, whether through a financial gift, volunteering, sponsoring a sports team, or launching a charity drive. Most businesses, according to a study by the American Express and The Chronicle of Philanthropy, donate an average of 6% of profits…

Many people look forward to various milestones as they get older, be it traveling, grandkids, or retirement. When you retire, the last things you want to think about are commuting, stress, long days – and taxes. In fact, for people of retirement age, taxes may be the largest expense. At Schumacher Sama, we are here…

Tax season has been shown to be a time when people’s blood pressure may significantly raise. However, when filing your taxes with the IRS, most returns are processed without examination. With that being said, there are a few mistakes that tax payers make that may increase the chances for an audit. Such as: Overlooked Income:…

Tax season is currently upon us. As a business owner, you may have a few questions regarding how long certain documents need to be kept. Well, the answer is, it varies depending upon the document. However, we do have a guide that can help you to keep track of your documents, and provide an answer…