Entries by IslerNW

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Top Year End Tax Strategies to Boost Your Business Bottom Line

Article Highlights: Accelerate Business Expenses Review and Adjust Payroll Manage Inventory and Cost of Goods Sold Optimize Retirement Contributions Charitable Contributions Business Advertising Filing Obligations and Compliance Tax Credits and Incentives Employee Gifts Disaster Loses As the year draws to a close, small business owners have a unique opportunity to implement strategies that can significantly […]

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Essential Year End Tax Moves You Can’t Afford to Miss

 Article Highlights: Itemizing Deductions and Medical Expenses Prepaying Property Taxes Charitable Contributions and Bunching Deductions Required Minimum Distributions (RMDs) Did You Know You Can Make Charitable Deductions from Your IRA Account? Maximizing Retirement Account Contributions Tax Loss Harvesting Reviewing Paycheck Withholdings and Estimated Taxes Managing Health Flexible Spending Accounts (FSAs) Did You Become Eligible to […]

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Cash Flow Hacks for Subscription-Based Revenue Models: A Guide for Niche SMBs

If you’re running a subscription-based business, you’re in the game of recurring revenue—a model full of potential for steady income but also some unique challenges. The lifeblood of your business is cash flow, and keeping it steady can make or break your success. To help you master your subscription-based revenue, let’s dive into practical ways […]

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Holiday Gifts That Offer Tax Benefits for You and Your Loved Ones

Article Highlights: Educational Gifts: A Gift for the Future Retirement Contributions: A Gift with Long-Term Benefits Gifts to Spouses: Supporting Self-Employment Gifts to Spouses: Qualifying Clean Vehicle Employee Gifts: Navigating Tax Implications Understanding the Annual Gift Tax Exclusion Summary The holiday season is a time of giving, and while the joy of gifting is often […]

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How Qualified Small Business Stock Can Maximize Your Investment Returns

Article Highlights:  Gain Exclusion Benefits of Sec 1202 QSBS Qualifications for Sec 1202 QSBS Limitations of Sec 1202 QSBS Holding Period Requirements Determining the 5-Year Holding Period Investor Exclusion Limits Rollover Possibilities Active Business Requirement AMT Ramifications Application to Pass-Through Entities Making the Election Example of Sec 1202 QSBS Benefits The Internal Revenue Code (IRC) […]

Maximizing Your Retirement Savings: Strategies for Late Starters

As a baby boomer, you may find yourself approaching retirement with less savings than you’d hoped. Whether due to economic fluctuations, personal circumstances, or simply the demands of life, many late starters face this challenge. However, it’s never too late to take action. Here are effective strategies to maximize your retirement savings and catch up […]