business advisors, portland, oregon

Summer Employment For Your Child

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Article Highlights Higher Standard Deduction IRA Options Self-Employed Parent Employing Your Child Tax Benefits Summer is just around the corner, and your children may be looking for summer employment. With the passage of…
isler, business advisors, portland

Choosing Your Accounting Method Under New Tax Laws

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Businesses today must take a closer look at their accounting methods. Since the passage of new tax laws, with changes to thresholds for choosing accounting methods, all companies need to take an inward look at their current accounting methods…
isler northwest, cpa firm, portland

I Didn’t File My Tax Return; Now What?

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There are a lot of perfectly reasonable reasons for not having filed your income taxes. Many people who fail to file are new to the job market, and never having filed before may simply have been unaware of the requirement to do so. Some people…
Investment Deductions

So Long To The Tax Deduction For Investment Expenses

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Under the new tax reform law, investment expenses are no longer deductible as a miscellaneous itemized deduction. This means, for example, that if you have an investment account and are paying fees to have it managed, those fees are no longer…
tax tips, portland, oregon

Preparing for Taxes for 2018 and Beyond

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Article Highlights: Increase In Standard Deduction Loss of Personal Exemptions Changes to Itemized Deductions Bunching Strategy Employee Business Expenses Business Expensing 20% Flow-through Income Deduction Change…
portland, accountants, business advisors, isler

You May Not Get a Tax Refund Next Year

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Article Highlights:  Payroll Withholding W-4 2018 Tax Projection Adjusting Withholding With all of the tax reform changes and the corresponding reductions in most taxpayers’ income tax withholding, there are serious concerns…
isler northwest, portland

Don’t Toss Those Tax Records Yet!

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Article Highlights: Reasons to Keep Records Statute of Limitations Maintaining Record of Asset Basis  Even though the 2017 tax due date has come and gone, and even though you have filed your 2017 tax return, you may still need…
isler northwest, cpa firm, portland

How to Understand Common IRS Tax Terms

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Article Highlights Filing status Adjusted gross income (AGI) Taxable income Marginal tax rate. Alternative minimum tax (AMT) Tax Credits Underpayment of estimated tax penalty When discussing taxes, reading tax related…
isler northwest, cpa

Not-Being-Insured Penalty Eliminated

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Article Highlights: Shared-Responsibility Payment Originated in 2014 Fully Effective in 2016 How It Is Calculated Eliminated in 2019 Note: This one of a series of articles that explain how the various tax changes in the GOP’s…
accountants, isler northwest, portland

Tax Filing Deadline Rapidly Approaching

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Highlights: 2017 balance due payments IRA contributions for 2017 Estimated tax payments for first quarter 2018 Statute of limitation 2018 refunds Just a reminder that the due date for 2017 tax returns is April 17, 2018! There…