Entries by IslerNW

Tax Avoidance and Hollywood’s Golden Age: A Glitzy Game of Loopholes

Tax avoidance has long been a contentious topic in the business world, but few industries blend its complexities with glamour quite like Hollywood. During the Golden Age of Hollywood, a period marked by glittering stars and box office dominance, major players in the film industry became as skilled at finding tax loopholes as they were […]

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What Are the Most Common Business Financial Fraud Schemes?

You’ve worked hard to build your business. The long hours, sleepless nights, and countless sacrifices were all for one goal: to create something successful and sustainable. But what happens when a trusted employee or an external scam threatens all that hard work? Financial fraud isn’t just something that happens to large corporations. Small and medium-sized […]

Important January 2025 Tax Due Dates

The start of the new year means tax season is here! Stay ahead of the curve by marking these critical January deadlines on your calendar. From making tax appointments to reporting tips, paying estimated taxes, and filing essential forms, being proactive can save you from penalties and stress. Read on for a detailed guide to […]

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Tax Season Is Coming: Here’s a Laugh Before the Madness Begins

As tax season approaches, the annual rush to gather documents, crunch numbers, and meet deadlines can be overwhelming. Amid the seriousness of tax preparation, it’s refreshing to remember that the world of taxes is also filled with quirky, humorous, and downright bizarre stories. These anecdotes not only provide a good laugh but also highlight the […]

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Start Off on the Right Foot for the 2025 Tax Year

 Article Highlights:  W-4 Updates W-9 Collection Estimated Tax Payments Charitable Contributions Required Minimum Distributions Gifting Retirement Plan Contributions Beneficiaries Reasonable Compensation Business-Vehicle Mileage College Tuition Plans Record Keeping Individuals and small businesses should consider various ways of starting off on the right foot for the 2025 tax year. W-4 Updates – If you are employed, […]

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The Retirement Catch-Up Plan: Maximize Tax Savings in Your 40s and 50s

You’ve hit your 40s or 50s, and suddenly, retirement doesn’t feel like a distant mirage. It’s real. The countdown is on. But here’s the good news: You’re in a prime position to play catch-up and fortify your future, using smart tax strategies to stretch your dollars further. Think of it as turning your financial cruise […]

Why Updating Beneficiaries is Crucial After Life Changes  

Article Highlights: The Role of Beneficiaries Life Events That Necessitate Updates Why Regular Reviews Are Essential The Complexity of Naming a Trust as a Beneficiary In the realm of estate planning, naming beneficiaries is a critical step that ensures your assets are distributed according to your wishes after your passing. However, the process doesn’t end […]

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Essential Tax Credits Every Parent Should Know About

Article Highlights: Social Security Number Child Tax Credit Child and Dependent Care Credit Adoption Tax Credit Earned Income Tax Credit Credit for Other Dependents American Opportunity Tax Credit Lifetime Learning Credit Parents have special tax situations and benefits. Tax breaks for parenting expenses can result in a lower tax bill and a higher refund. Here […]