Entries by IslerNW

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Understanding Filing Requirements and Non-Compliance Penalties for Exempt Organizations 

Article Highlights: Annual Filing Requirements Understanding Which Form to File Due Dates and Extensions Online Filing Options Consequences of Late Filing or Non-Filing Monetary Penalties for Filing Non-Compliance Other Considerations Staying Informed and Compliant Navigating the labyrinth of return filing requirements for tax-exempt entities can seem daunting at first glance. However, understanding these requirements is […]

May 27, 2025 by
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Taxpayers Living Abroad, June 16, 2025, Is an Important Filing Deadline

Article Highlights:  Americans Living and Working Abroad Extension Requests Report of Foreign Bank and Financial Accounts (FBAR) Statement of Foreign Financial Assets Estimated Tax Payments Estimated Tax Safe Harbors June 16, 2025, is the due date both for Americans living and/or working outside the U.S. to file their 2024 federal income tax returns and for […]

May 22, 2025 by
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How the Social Security Fairness Act and Lump-Sum Election Can Maximize Your Benefits

Article Highlights: The Impact of the Social Security Fairness Act Social Security Lump-Sum Election Taxation Options for Lump-Sum Payments Taxation in the Year of Receipt Lump-Sum Election Method How Each Method Works Selecting the Optimal Taxation Method Professional Assistance for Optimal Decision Making On January 4, 2025, President Biden signed into law the Social Security […]

May 20, 2025 by
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Fore! When Golfers Miss the Fairway on Taxes

As Rory McIlroy celebrates his historic 2025 Masters victory, joining an elite group of golfers – including Tiger Woods and Jack Nicklaus – who’ve completed the career Grand Slam, the spotlight on professional golf has never been brighter. Yet, behind the scenes, some players have grappled with challenges off the course, particularly concerning tax issues.​ […]

May 16, 2025 by
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When Consumers Pull Back: What Small Businesses Need to Know Right Now

It starts small. Fewer cars on the dealership lot. Half-empty restaurants on a Friday night. A “maybe next year” when customers talk about their next big vacation. It’s not your imagination. Consumer behavior is shifting — and small businesses are feeling it. When uncertainty rises (tariffs, policy shifts, rising prices), people don’t always rush to […]

May 14, 2025 by
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When Your Supply Chain Gets Shaky: How SMBs Can Stay Strong

If the last few years have taught us anything, it’s this: no supply chain is bulletproof. Ships stall. Tariffs hike. Materials vanish into thin air. And suddenly the parts you counted on — the parts your customers counted on — are stuck somewhere between here and nowhere. These disruptions aren’t just inconvenient if you’re running […]

May 8, 2025 by
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Don’t Get Played by a “Finfluencer”: Why Your Tax Pro Should Be Your First Call

In an era where financial advice is just a scroll away, many individuals, especially from younger generations, are turning to social media platforms like TikTok, Instagram, and YouTube for guidance on managing their finances. While these platforms offer a seemingly endless supply of content, the old adage of “don’t believe everything you read on the […]

May 6, 2025 by
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Navigating the Tax Landscape for Day Traders

Article Highlights: Who Qualifies as a Day Trader? Pros of Day Trading from a Tax Perspective Cons of Day Trading from a Tax Perspective Other Noteworthy Tax Considerations Day Trader Election Day trading, the practice of buying and selling financial instruments within the same trading day, has gained significant popularity in recent years. With the […]

April 25, 2025 by

Maximize Your Tax Savings: A Small Business Owner’s Guide to Essential Tax Deductions

We’ve seen firsthand how optimizing your tax deductions can create real, measurable benefits for your business. With inflation driving up expenses and economic uncertainty still lingering, small business owners need every strategic advantage they can get. That includes knowing what deductions you’re entitled to and taking steps throughout the year to claim them. The good […]

April 23, 2025 by