Going from two stable income streams to one can prove challenging, but it is a necessary step if you, or your spouse, want to stay home with your kids, go back to school or even start your own business. To avoid ending up in a pinch when the…
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For tax purposes, the term “basis” refers to the original monetary value that is used to measure a gain or loss. For instance, if you purchase shares of a stock for $1,000, your basis in that stock is $1,000; if you then sell those shares…
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The data in your QuickBooks company file contains some of the most sensitive information on your computer. Make sure it’s secure.
Your customer list is gold. And those Social Security and bank card numbers in your payroll, client, and…
https://www.islernw.com/wp-content/uploads/2019/05/How-QuickBooks-Protects-Your-Data-and-How-You-Can-Help.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-05-08 06:22:142019-05-08 06:22:14How QuickBooks Protects Your Data, and How You Can Help
As much as the Internet has changed our lives for the good, it has also opened us up to threats from crooks from all over the world. They are smart and always coming up with a new trick to separate you from your hard-earned dollars or with an…
https://www.islernw.com/wp-content/uploads/2019/05/Protecting-Yourself-from-Scams-ID-Theft-and-Cyber-Criminals.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-05-03 23:48:132019-05-03 23:48:13Protecting Yourself from Scams, ID Theft and Cyber Criminals
Divorce is a traumatic event in anyone’s life, and the tax aspects are frequently overlooked, which can add to the distress. The following is an overview of many of the commonly encountered tax issues associated with divorce.
Family…
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Congress uses tax deductions and tax credits to influence taxpayers’ actions. For instance, it seeks to stimulate taxpayers to reduce their energy consumption and moving away from the use of fossil fuels. In this article, we explore the benefits…
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The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep individuals from using gifts to avoid the estate tax that is imposed upon inherited assets. This…
https://www.islernw.com/wp-content/uploads/2019/04/Gift-and-Estate-Tax-Primer.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-04-25 02:56:512019-04-25 02:56:51Gift and Estate Tax Primer
May 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 10. Your employer is required…
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Tax reform made a lot of changes, some of which impacted employees’ fringe benefits. This article reviews the most frequently encountered fringe benefits, including those that were and were not impacted by tax changes. These changes can affect…
https://www.islernw.com/wp-content/uploads/2019/04/Employees-Fringe-Benefits-after-Tax-Reform.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-04-17 04:49:082019-04-17 04:49:08Employees’ Fringe Benefits after Tax Reform
With the shortage of affordable housing these days, many homeowners are renting out rooms in their homes, providing themselves with some additional cash. Questions that are often raised in regard to room rentals include: Is the income taxable?…
https://www.islernw.com/wp-content/uploads/2019/04/Tax-Treatment-of-a-Room-Rental-1.jpg321855IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2019-04-13 00:33:212019-04-13 02:32:58Tax Treatment of a Room Rental
Planning for the Transition to a Single Income Household
AccountingWhy Tax Basis Is So Important
2018 Tax Laws, Tax Planning, Tax Tips, TaxesHow QuickBooks Protects Your Data, and How You Can Help
Accounting, Business, Business Development, Corporate, QuickbooksProtecting Yourself from Scams, ID Theft and Cyber Criminals
Identity Theft, SecurityTax Issues Related to Divorce
DivorceThe Tax Benefits of Going Green
Environment, Green Incentives, Tax Tips, TaxesGift and Estate Tax Primer
Accounting, Estate Planning, Gift Tax, Savings, Tax Planning, TaxesMay 2019 Individual Due Dates
Accounting, Business, Employees, Finance Tips, Personal Finance, Small Business, TaxesEmployees’ Fringe Benefits after Tax Reform
Business, Employees, Tax ReformTax Treatment of a Room Rental
2018 Tax Laws, Rental Property, Tax Planning