November 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during October, you are required to report them to your employer on IRS Form 4070 no later than November 10. Your employer…
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Tips to Get Your Startup Off the Ground
One of the most important things to understand about being a startup entrepreneur is that there is no “one size fits all” approach to what you're doing. Everyone's path is different, and you need…
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Article Highlights:
Potential Credit
Eligible Employees
Credit Determination
Certification Process
Other Issues
The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and…
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Article Highlights:
Who Qualifies for Education Credits
American Opportunity Credit
Lifetime Learning Credit
Qualifications
Who Gets the Credit
1098-T
Qualified Expenses
If you think that education credits are just…
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If you had to make a list of some of the most critical elements of running a business that most new entrepreneurs don't think enough about until it's far too late, bookkeeping would undoubtedly be right at the top.
On a surface level, bookkeeping…
https://www.islernw.com/wp-content/uploads/2021/10/Blog-header-image-the-ins-and-outs-of-bookkeeping-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-10-12 18:06:552021-10-12 18:25:13The Ins and Outs of Bookkeeping: All the Best Practices to Get the Best Financial Outcome From Your Organization
Article Highlights:
Maximize Education Tax Credits
Employer Health Flexible Spending Accounts
Maximize Health Savings Account Contributions
Convert Traditional IRAs to Roth IRAs
Don’t Forget Your 2021 Minimum Required Distributions
…
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Though everybody wants their money to grow, few people understand the best way to make that happen. It’s all about where you choose to put your money and the rate of growth you’re able to achieve over a period of time. When you’re trying…
https://www.islernw.com/wp-content/uploads/2021/10/Blog-header-image-how-understanding-the-rule-of-72-helps-you-make-your-personal-finance-decisions-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-10-06 07:20:282021-10-07 02:22:43How Understanding the ‘Rule of 72’ Helps You Make Personal Finance Decisions
Article Highlights:
COVID-19 and Tax-Return Processing Delays
Congress Helped to Create the Backlog
Taxpayer Advocate’s Assessment
Backlog
Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded…
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Article Highlights:
Filing Requirements
Changing Filing Status
Social Security Benefits
Traditional IRA Deductibility
Roth IRA Contribution Restrictions
Higher Education Interest Deduction
Itemized Deductions
Medicare…
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October 2021 Individual Due Dates
October 12 - 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…
https://www.islernw.com/wp-content/uploads/2021/09/Blog-header-image-october-2021-important-due-dates-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-09-24 23:29:242021-09-24 23:48:49October 2021 Due Dates
November 2021 Individual Due Dates
Due DatesTips to Get Your Startup Off the Ground
Small Business, StartupEmployers Hiring New Employees May Be Able to Claim a Work Opportunity Tax Credit
Employees, Tax CreditsEducation Credits are for Children? Think Again!
Tax Tips, TaxesThe Ins and Outs of Bookkeeping: All the Best Practices to Get the Best Financial Outcome From Your Organization
Finance Tips, Financial PlanningFall Tax Planning May Be Wise
Tax PlanningHow Understanding the ‘Rule of 72’ Helps You Make Personal Finance Decisions
Personal FinanceThe IRS Backlog Is Causing Taxpayer Heartburn
Tax NewsFiling as Married Separate? Better Read This.
Tax Planning, Tax TipsOctober 2021 Due Dates
Due Dates