July 2023 Individual Due Dates
July 3 - Time for a Mid-Year Tax Check Up
Time to review your 2023 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties.
July 10 - Report…
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Article Highlights:
Child Under the Age of 19 or a Student Under the Age of 24
Kiddie Tax
Tax on a Child’s Earned Income
Deduction for the Business
Employment Taxes
IRAs and Retirement Plans
You might consider hiring…
https://www.islernw.com/wp-content/uploads/2023/06/Blog-header-image-Tax-Breaks-for-Hiring-Your-Children-in-Your-Family-Business-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-06-22 12:00:022023-07-01 00:52:14Tax Breaks for Hiring Your Children in Your Family Business
QuickBooks Online can enhance your company’s bottom line by improving your cash flow, customer relationships, inventory balance, and your future.
QuickBooks Online is really good at a lot of things. It helps you create and manage contact…
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Article Highlights:
Separated Taxpayers
Divorced Taxpayers
Recently Married Taxpayers
Widowed Taxpayers
Filing Status
Joint and Several Liability
Who Claims the Children
Alimony
Community Property States
Affordable…
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Article Highlights:
IRS Notices
CP Series Notice
Automated Notices
Frequent Errors
ID Theft
Penalties and Interest
What You Should Do
What We Will Do
Now that most tax refunds are deposited directly into taxpayers’…
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Article Highlights:
Health Insurance
Retirement Plans
Special Rule for Military Spouses
Qualified Transportation Fringe Benefits
Flexible Spending Accounts (FSAs)
Group Term Life Insurance
Qualified Employee Discounts
…
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Article Highlights:
Divorce or Separation Agreements Can Specify Who Claims a Child.
If You Pay Child Support, You Claim the Child as a Dependent.
Avoiding Payroll Taxesby Treating an Employee’s Compensation as a Gift.
Only…
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While it's true that every business is different from the next - and every entrepreneur will go on his or her own unique journey - there are still a few constants that we know to be true.
The start-up phase, for example, is when you write…
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Article Highlights
Advance Preparedness
Cloud Storage
Copies of Returns or Return Transcripts
Records of Personal Residence and Real Property
Vehicles
Personal Property
Business Records
Hurricanes, fires, floods, tornadoes…
https://www.islernw.com/wp-content/uploads/2023/05/Blog-header-image-reconstructing-individual-tax-records-Isler-Northwest-CPAs-in-Portland-Oregon.jpg320845IslerNWhttps://www.islernw.com/wp-content/uploads/2013/12/header_logo_trans.pngIslerNW2023-05-29 12:00:452023-05-24 19:00:56Reconstructing Tax Records for Individuals
It can be logical to assume that because you've moved out of the country, you no longer have to pay taxes on any money you earn. It can be logical... but it is also incorrect.
Nearly all United States citizens must file a Federal Tax Return…
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Important July 2023 Due Dates
Due Dates, TaxesTax Breaks for Hiring Your Children in Your Family Business
Taxes5 Ways QuickBooks Online Can Make You More Profitable
QuickbooksDivorced, Separated, Married or Widowed This Year? Unpleasant Surprises May Await You at Tax Time
Finance Tips, Tax Planning, Tax TipsDid You Get a Letter from the IRS? Don’t Panic.
Tax Planning, Tax Tips, TaxesEmployer-Offered Benefits That Can Save You Money and Taxes
Employees, TaxesHave You Gotten Bad Tax Advice?
Tax Tips, TaxesBusiness Growth: How to Plan for (and Make the Most of) This Critical Stage
Business, Business Development, Growth, UncategorizedReconstructing Tax Records for Individuals
Tax ReformAre You an American Living Abroad? Here Are the Essential Tax Facts to Consider
Financial Planning, Foreign Taxes, Tax Planning