Accounting - Isler Northwest, LLC

What Led to Congress Extending the Paycheck Protection Program?

2020 Stimulus Package, Accounting, CARES Act 2020, COVID-19

The economic uncertainty created in the outset of the Coronavirus pandemic was unprecedented, to say the least. This is a big part of the reason why, soon after the spread began, Congress took steps that were equally drastic - they passed the…

Is The Government Keeping Your Refund?

2019 Tax Laws, 2020 Stimulus Package, 2020 Tax Laws, Accounting, Tax Planning, Tax Refund, Tax Tips, Taxes

Article Highlights: Bureau of the Fiscal Service Allowable Refund Offsets Disputing an Offset Injured Spouse Claim We all look forward to receiving our tax refunds, but what if you were expecting a refund and it never…

3 Ways to Receive Payments in QuickBooks Online

Accounting, Business, Payments

Recording customer payments is one of your more pleasant accounting tasks. Depending on the situation, you can choose from multiple ways to do this using QuickBooks Online. If you made New Year’s resolutions this last January, you’ve…

5 Things You Need to Know About Sales Taxes in QuickBooks Online

Accounting, Quickbooks, Sales Tax

The most important thing you need to know about sales tax is that administering it correctly can be challenging. If you sold only one type of product to customers in one city, collecting and paying sales tax would be easy. But most businesses…

Hobby or Business? It Makes a Difference for Taxes – Now More than Ever

Accounting, Business

Taxpayers are often confused by the differences in tax treatment between businesses that are entered into for profit and those that are not, commonly referred to as hobbies. Recent tax law changes have added to the confusion. The differences…

Learn what factors determine whether a household worker qualifies as an employee or an independent contractor.

Household Help: Employee or Contractor?

Accounting, Business, Finance, Personal Finance, Self-Employment, Small Business, Tax Planning, Tax Tips

Taxpayers often will hire an individual or firm to provide services at the taxpayer’s home. Because the IRS requires employers to withhold taxes for employees and issue them W-2s at the end of the year, the big question is whether or not that…

Planning for the Transition to a Single Income Household

Accounting

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…

How QuickBooks Protects Your Data, and How You Can Help

Accounting, Business, Business Development, Corporate, Quickbooks

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…

Gift and Estate Tax Primer

Accounting, Estate Planning, Gift Tax, Savings, Tax Planning, Taxes

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…

May 2019 Individual Due Dates

Accounting, Business, Employees, Finance Tips, Personal Finance, Small Business, Taxes

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…