The most recent data from the IRS on individual tax returns indicates that of 131 million returns filed, about 5 million were expected to be amended. This comes to less than 4 percent, but that projection still affects a significant number…
https://www.islernw.com/wp-content/uploads/2018/10/islertax2018.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-10-09 23:49:262018-10-09 23:49:425 Reasons to Amend a Previously Filed Tax Return
Very few people think that starting a new business is easy. But at the same time, there are few first-time entrepreneurs who realize just how involved things are from the moment you start trying to bring that idea that previously only existed…
https://www.islernw.com/wp-content/uploads/2018/10/ISLERNWSTARTUP.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-10-05 03:30:352018-10-05 03:30:35The Key Steps to Take BEFORE You Start a New Business
Article Highlights:
Business Use of Home
Prorated Use
Owned Home
Rented Home
Exclusive Use
Meal Allowance
Other Deductions
A taxpayer who is in the business of providing family day care in their home may deduct…
https://www.islernw.com/wp-content/uploads/2018/10/daycareisler.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-10-01 22:40:562018-10-01 22:40:56Day Care Providers Enjoy Special Tax Benefits
Article Highlights:
Shared Responsibility Payment
Executive Order
Hardship Exemption
Exemption Certification Number
The Affordable Care Act (Obamacare) included a “shared responsibility payment,” which in reality is…
https://www.islernw.com/wp-content/uploads/2018/09/islernwhardship.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-09-28 01:23:332018-09-28 01:23:33Hardship Exemption Rules for Not Having Health Insurance Eased
If So, Your 20% Flow-Through Tax Deduction May Be Limited
Article Highlights:
20% Flow-Through Deduction
Qualified Trade or Business
Specified Service Trade or Business
Deduction Table
Listing of Service Businesses
As…
https://www.islernw.com/wp-content/uploads/2018/09/hammertime.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-09-25 00:37:202018-09-25 00:37:20Do You Own a Specified Service Trade or Business?
Article Highlights:
Business Owners
Family and Home
Records
Disaster Scams
Self-help Publications
Government Assistance
This year’s wildfires, record rains, flooding, tornadoes, hurricanes and potential for earthquakes…
https://www.islernw.com/wp-content/uploads/2018/09/emergencyprepardness.jpg425637IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-09-21 21:30:192018-09-25 00:39:28Are You Prepared for a Disaster?
Article Highlights:
Increased Standard Deduction
Tax-Exempt Income
Impairment-Related Work Expenses
Financially Disabled
Earned Income Tax Credit
Child or Dependent Care Credit
Special Medical Deductions
Qualified…
Article Highlights:
Payroll Taxes
Corporate Officers
Employees of a Corporation
Reasonable Salaries
Factors
Flow-Through Deductions
Wage Limitations
Unlike a C corporation, which itself pays the tax on its taxable…
https://www.islernw.com/wp-content/uploads/2018/09/S-Corp-isler-NW.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-09-16 22:49:432018-09-16 23:06:58Reasonable Compensation and S Corporations
Article Highlights:
Income Deferral
Earnings Deferral
Individual Retirement Accounts
Retirement Accounts
Bank Savings
Short- and Long-Term Capital Gains
Education Savings Accounts
Health Savings Accounts
When you…
If you dread every minute of the time you spend on accounting, you should know how QuickBooks Online can change your outlook.
How long would it take you to determine:
What your total expenses for this quarter are?
Whether or not…
https://www.islernw.com/wp-content/uploads/2018/09/qbarticle.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-09-09 00:36:342018-09-16 23:07:36Not Using QuickBooks Online? What You're Missing Out On
5 Reasons to Amend a Previously Filed Tax Return
2018 Tax Laws, Tax News, Tax Tips, TaxesThe Key Steps to Take BEFORE You Start a New Business
Business, Business Development, Small BusinessDay Care Providers Enjoy Special Tax Benefits
Small Business, Tax TipsHardship Exemption Rules for Not Having Health Insurance Eased
2018 Tax Laws, Tax TipsDo You Own a Specified Service Trade or Business?
UncategorizedAre You Prepared for a Disaster?
Business, Education, NewsDisabled Taxpayer Tax Benefits
Tax Tips, TaxesReasonable Compensation and S Corporations
Accounting, Business, Finance TipsUnderstanding Tax-Deferred Investing
Investment, Personal Finance, Tax TipsNot Using QuickBooks Online? What You're Missing Out On
Business, Finance Tips, Personal Finance, Tax Tips