Moving Deductions are Kaput

Moving Deductions are Kaput

Prior to the passage of tax reform, individuals who moved as the result of a job change or job relocation could deduct their unreimbursed moving expenses if the driving distance from their home to the new job location was at least 50 miles more…
Is Inheritance Taxable?

Is an Inheritance Taxable?

, ,
A frequent question is whether inheritances are taxable. This is a frequently misunderstood question related to taxation and can be complicated. When someone passes away, all of their assets will be subject to inheritance taxation, and whatever…
isler, business advisors, portland

5 QuickBooks Online Reports You Should Run Regularly

,
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…
isler

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

,
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…
tax tips, portland, oregon

How Long Should You Hold On To Old Tax Records?

,
Article Highlights: The general statute: 3 years Longer durations in some states Fraud, failure to file and other issues that extend the statute’s duration Keeping the actual return Ordering copies of previously filed returns This…
portland cpa firm, isler northwest

Credit for Family and Medical Leave Benefits

,
Article Highlights: Written Leave Policy Variable Credit Qualifying Employee Qualifying Leave Time Limits General Business Credit The Tax Cuts and Jobs Act that was passed last year included a new tax credit for employers…
isler northwest, portland

Should I Use a Credit Card to Pay My Taxes?

,
With tax filing season out of the way, paying off those tax bills that weren't paid by April 18th is the next major concern for people. While there are a few options for payment agreements if you can't afford to write a check for the full amount…

Procrastinating on Filing Your Taxes?

,
If you have been procrastinating about filing your 2017 tax return or have not filed other prior year returns, you should consider the consequences, including the penalties, interest, and aggressive enforcement actions. Plus, if you have a refund…
isler cpa, portland, oregon

Good and Bad News About The Home Office Tax Deduction

,
Article Highlights:   Home Office Qualifications Actual-Expense Method Simplified Method Income Limitation Employee Deduction “Home office” is a type of tax deduction that applies to the business use of a home; the…
isler, accountants, portland

Find Lost Money

Article Highlights:  What is unclaimed property? How can you find unclaimed property? What are your chances of finding unclaimed property in your name? Unclaimed property refers to accounts in financial institutions and companies…