Accounting Archives - Page 4 of 5 - Isler Northwest, LLC

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…

Could Your Sales Invoices Be Better? How QuickBooks Online Can Help.

Accounting, Business, Finance, Finance Tips, Quickbooks

Every interaction with your customers can enhance your image. Here’s how QuickBooks Online contributes to that. Getting paid by your customers—on time, and in full—can take some effort on your part. You set smart due dates and enforce…

Defer Gains with Qualified Opportunity Funds

Accounting, Taxes

If you have a large capital gain from the sale of a stock, asset, or business and would like to defer that gain with the possibility of excluding some of it from taxation, you may want to check out the new investment vehicle created by tax reform,…

Resolve to Do These 3 Things in QuickBooks Online This Month

Accounting, Business, Quickbooks

‘Tis the season for making resolutions and setting goals. Try exploring these three areas to dig deeper into QuickBooks Online. By now, many New Year’s resolutions have already been made – and broken. Though they’re usually created…

2019 Standard Mileage Rates Announced

Accounting, Business

The Internal Revenue Service (IRS) computes standard mileage rates for business, medical and moving each year, based on a number of factors, to determine the standard mileage rates for the following year. As it does annually around the…

Making Two IRA Rollovers in One Year Can Be Costly

Accounting, Investment, Personal Finance

Article Highlights: One Rollover per Year Rule Exceptions Tax Consequences Disqualified Rollover Early Withdrawal Penalty Tax law permits you to take a distribution from your IRA account, and as long as you return the…

Reasonable Compensation and S Corporations

Accounting, Business, Finance Tips

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…

5 QuickBooks Online Reports You Should Run Regularly

Accounting, Small Business

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…

The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them

Accounting, Small Business

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…

Choosing Your Accounting Method Under New Tax Laws

Accounting, Tax Tips, Taxes

Businesses today must take a closer look at their accounting methods. Since the passage of new tax laws, with changes to thresholds for choosing accounting methods, all companies need to take an inward look at their current accounting methods…