Article Highlights:
Sec. 529 plans
Coverdell Education Savings Accounts
The Lifetime Learning credit
Qualified Education Loan Interest
Some in Congress have proposed “free” (i.e., government-paid) tuition for community college…
https://www.islernw.com/wp-content/uploads/2022/01/Blog-header-image-planning-for-a-childs-college-expenses-should-start-early-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-01-21 12:00:192022-01-19 23:53:42Planning for a Child’s College Expenses Should Start Early
As the old saying goes, "If you fail to plan, you plan to fail." Whoever coined that phrase was absolutely talking about finances, whether they realized it or not.
According to one recent study, a general lack of financial education costs…
https://www.islernw.com/wp-content/uploads/2022/01/Blog-header-image-crucial-staps-you-can-use-to-take-control-of-your-finaces-in-2022-and-beyond-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-01-19 21:08:452022-01-19 23:45:34Crucial Steps You Can Use To Take Control of Your Finances in 2022 and Beyond
Article Highlights:
Spousal IRA
Compensation Requirements
Maximum Contribution
Traditional or Roth IRA?
One of the fallouts of the COVID-19 pandemic is that millions of people have dropped out of the workforce, particularly…
https://www.islernw.com/wp-content/uploads/2022/01/Blog-header-image-How-Can-a-Nonworking-Spouse-Qualify-to-Fund-an-IRA-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-01-13 12:00:442022-01-19 21:03:56How Can a Nonworking Spouse Qualify to Fund an IRA?
Highlights:
Standard Mileage Rates for 2022
Business, Charitable, Medical and Moving Rates
Important Considerations for 2022
Switching Between the Actual Expense and Standard Mileage Rate Methods
Employer Reimbursements
Employee…
https://www.islernw.com/wp-content/uploads/2022/01/Blog-header-image-2022-Standard-Mileage-Rates-Announced-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-01-12 00:20:042022-01-19 21:04:022022 Standard Mileage Rates Announced
If knowledge is power, then the information available to e-commerce business owners provides nearly unlimited potential. The same platforms that host your websites include data collection tools that – if used properly – can guide your decision-making…
https://www.islernw.com/wp-content/uploads/2022/01/Blog-header-image-using-data-to-drive-your-ecommerce-business-growth-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2022-01-07 20:42:442022-01-11 23:53:40Using Data to Drive Your E-Commerce Business’ Growth
January 2022 Individual Due Dates
January 3 - Time to Call For Your Tax Appointment -
January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar…
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Article Highlights:
1099-NEC Filing Requirements
Independent Contractor Filing Threshold
Form W-9
Form 1099-MISC
If you use independent contractors to perform services for your business, for each one that you pay $600 or more…
https://www.islernw.com/wp-content/uploads/2021/12/Blog-header-image-does-your-business-need-to-file-forms-1099-nec-or-1099-misc-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-12-23 12:00:122022-01-04 22:12:14Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
Article Highlights:
Definition of Tax Basis
Cost Basis
Adjusted Basis
Gift Basis
Inherited Basis
Record Keeping
For tax purposes, the term “basis” refers to the monetary value used to measure a gain or loss. For…
https://www.islernw.com/wp-content/uploads/2021/12/Blog-header-image-what-is-tax-basis-and-why-is-it-so-important-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-12-21 12:00:242022-01-04 22:12:20What Is Tax Basis and Why Is It So Important?
Article Highlights:
Increased Standard Deduction
Tax-Exempt Income
Impairment-Related Work Expenses
Financially Disabled
Earned Income Tax Credit
Child or Dependent Care Credit
Special Medical Deductions
Qualified…
https://www.islernw.com/wp-content/uploads/2021/12/Blog-header-image-tax-benefits-available-to-disable-taxpayers-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2021-12-09 12:00:082021-12-14 17:31:26Tax Benefits Available to Disabled Taxpayers
Planning for a Child’s College Expenses Should Start Early
College, EducationCrucial Steps You Can Use To Take Control of Your Finances in 2022 and Beyond
Finance Tips, Financial PlanningHow Can a Nonworking Spouse Qualify to Fund an IRA?
Uncategorized2022 Standard Mileage Rates Announced
Tax Tips, UncategorizedUsing Data to Drive Your E-Commerce Business’ Growth
Business Development, Small BusinessJanuary 2022 Due Dates
Due DatesDoes Your Business Need to File Forms 1099-NEC or 1099-MISC?
Business, Tax TipsWhat Is Tax Basis and Why Is It So Important?
TaxesTax Tips for Holiday Charity Donations
Charity, Tax TipsTax Benefits Available to Disabled Taxpayers
Tax Tips