Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries via gifts and thus avoid estate taxes when they pass away. But that does not mean only wealthy taxpayers need to be concerned with the…
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Taxes are similar to vehicles, in that they sometimes need a check-up to make sure they are performing as expected. That is especially true for 2018, with all of the changes brought about by tax reform.
One area of major concern is the…
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Prior to the passage of tax reform, individuals who moved as the result of a job change or job relocation could deduct their unreimbursed moving expenses if the driving distance from their home to the new job location was at least 50 miles more…
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A frequent question is whether inheritances are taxable. This is a frequently misunderstood question related to taxation and can be complicated. When someone passes away, all of their assets will be subject to inheritance taxation, and whatever…
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5 QuickBooks Online Reports You Should Run Regularly
There are numerous QuickBooks Online reports that you should be consulting at regular intervals. But you need these five at least every week.
QuickBooks Online’s Dashboard, the first…
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Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business accounting mistakes can prove to be financially…
https://www.islernw.com/wp-content/uploads/2017/02/isler.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2018-06-28 19:05:132018-06-28 19:05:13The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them
Article Highlights:
The general statute: 3 years
Longer durations in some states
Fraud, failure to file and other issues that extend the statute’s duration
Keeping the actual return
Ordering copies of previously filed returns
This…
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Article Highlights:
Written Leave Policy
Variable Credit
Qualifying Employee
Qualifying Leave
Time Limits
General Business Credit
The Tax Cuts and Jobs Act that was passed last year included a new tax credit for employers…
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With tax filing season out of the way, paying off those tax bills that weren't paid by April 18th is the next major concern for people. While there are a few options for payment agreements if you can't afford to write a check for the full amount…
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If you have been procrastinating about filing your 2017 tax return or have not filed other prior year returns, you should consider the consequences, including the penalties, interest, and aggressive enforcement actions. Plus, if you have a refund…
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Taxpayers Find Gift Tax Reporting Confusing
2018 Tax Laws, Gift Tax, Tax Tips, TaxesA Mid-Year Tax Checkup May Be Appropriate
TaxesMoving Deductions are Kaput
TaxesIs an Inheritance Taxable?
Inheritance, Tax Tips, Taxes5 QuickBooks Online Reports You Should Run Regularly
Accounting, Small BusinessThe Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them
Accounting, Small BusinessHow Long Should You Hold On To Old Tax Records?
Tax Tips, TaxesCredit for Family and Medical Leave Benefits
Tax News, TaxesShould I Use a Credit Card to Pay My Taxes?
Finance Tips, TaxesProcrastinating on Filing Your Taxes?
Tax Tips, Taxes