Tax avoidance is a tale as old as, well, taxes themselves, with individuals and companies constantly seeking creative (and often strange) ways to reduce their liabilities. While most of us rely on accountants to help find wholly legal deductions,…
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October 2024 Individual Due Dates
October 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later…
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In the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a vital financial lifeline for businesses. However, as the IRS intensifies its scrutiny of ERC claims, it has unveiled five new warning signs that businesses…
https://www.islernw.com/wp-content/uploads/2024/09/Blog-header-image-IRS-highlights-new-warning-signs-for-businesses-regarding-the-employee-retention-credit-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-09-30 12:00:492024-09-26 18:31:58IRS Highlights New Warning Signs for Businesses Regarding the Employee Retention Credit
As Baby Boomer business owners approach retirement, planning for the future of their businesses becomes crucial. Succession planning is not just about finding a successor; it's about ensuring the continuity and success of the business you’ve…
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As the vibrant colors of fall give way to the chill of winter, many businesses brace for the inevitable seasonal slowdown. Whether it's the changing weather or the uncertainty of election cycles, these periods can pose significant challenges…
https://www.islernw.com/wp-content/uploads/2024/09/Blog-header-image-mastering-cash-flow-strategies-for-navigating-seasonal-slowdowns-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-09-26 12:00:472024-09-26 18:11:47Mastering Cash Flow: Strategies for Navigating Seasonal Slowdowns
Article Highlights:
Equitable Ownership
Who Qualifies as an Equitable Owner?
Tax Implications of Being an Equitable Owner
Mortgage Interest Deduction
Property Tax Deduction
Examples of Equitable Ownership
Examples Where…
https://www.islernw.com/wp-content/uploads/2024/09/Blog-header-image-how-equitable-ownership-can-maximize-your-tax-benefits-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-09-18 04:30:412024-09-18 04:33:33Hidden Tax Benefits: How Equitable Ownership Can Maximize Your Mortgage Interest and Tax Deductions
Article Highlights:
The Fundamental Differences
The Perils of Misclassification
Section 530 Relief
The Role of Form SS-8
States Impact on Classification
Navigating Misclassification
In the evolving landscape of the modern…
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Article Highlights
Credit Percentage
Specific Qualified Items and Per Item Annual Limits
Components Subject To $1,200 Aggregate Credit Limit
Components Subject To $2,000 Aggregate Credit Limit
Annual Credit Limits, $1,200 vs.…
https://www.islernw.com/wp-content/uploads/2024/09/Blog-header-image-making-home-improvements-you-may-qualify-for-a-substantial-credit-Isler-Northwest-CPAs-in-Portland-Oregon.png4541199IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2024-09-10 12:00:312024-09-26 18:41:45Making Home Improvements? You May Qualify for a Substantial Tax Credit
Looking to stretch your dollars further before the end of the year? Tax-free weekends offer a fantastic opportunity to save on essential purchases. From school supplies and clothing to technology and holiday gifts, these special state-sponsored…
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Article Highlights:
Severance Pay
Unemployment Compensation
Health Insurance
COBRA
Marketplace
Employer Retirement Plans
Repaying Retirement Plan Loans
Moving and Home Sale
Navigating the Financial Consequences
Losing…
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Snails in Skyscrapers and David Beckham: The Strangest Tax Avoidance Schemes in History
TaxesImportant October 2024 Due Dates
2024 Due Dates, 2024 TaxesIRS Highlights New Warning Signs for Businesses Regarding the Employee Retention Credit
Business, EmployeesSuccession Planning for Baby Boomer Business Owners: Ensuring a Smooth Transition
Retirement, Succession PlanningMastering Cash Flow: Strategies for Navigating Seasonal Slowdowns
Economy, Self-Employment, Small BusinessHidden Tax Benefits: How Equitable Ownership Can Maximize Your Mortgage Interest and Tax Deductions
Mortgage, Tax News, Tax PlanningEmployee or Freelancer Navigating the Complex Landscape of Worker Classification
Employees, Self-Employment, Small BusinessMaking Home Improvements? You May Qualify for a Substantial Tax Credit
Home Ownership, Tax CreditsTax-Free Weekends Guide: September – December 2024
Tax Planning, Tax Reform, Tax Tips, TaxesUnexpected Windfall or Financial Pitfall? Navigating the Tax and Financial Consequences of Losing Your Job
Jobs, Tax Planning, Workforce