Saving for retirement can be difficult at any time, especially taking the time to setup a retirement plan. Only about half of working Oregonians have access to employer provided retirement plans.  The rest must have initiative to do this on their own. In order to promote saving and to ease the burden on working Oregonians,…

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The short-term highway funding extension that passed during 2015 has modified the due dates for several common tax returns for Tax Year 2016 (Filing due date in 2017).  The due date changes with the most impact will be those changes for partnership tax returns (Form 1065) and C Corporation tax returns.  Essentially those due dates…

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Isler CPA is now connected to the ultimate Internet medium: fiber optic.  Simply stated, there is no better Internet connection than fiber to your building.  Since we rely heavily on quality Internet connectivity for our applications and data, this is a major leap forward for our business. “We’re glad to see this project come to…

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2016 Housekeeping

Now that 2015 is coming to a close it is time to start thinking about 2016 and all that comes with the new year.  Below is a summary of housekeeping items to keep in mind for the upcoming year. Filing Requirements for 2015 forms in 2016 Form 1099s – Be sure to review your records…

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Each quarter, RSM’s accounting thought leaders update middle-market businesses on recently issued and proposed accounting guidance to discuss the implications and effects on middle-market companies, like yours. The following topics will be discussed on the webcast: Recently issued and effective guidance Developments in the financial instruments and leases projects Status of changes to new revenue…

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EMAIL SCAM ALERT

Our spam filtering partner  is reporting a high incidence of scam email designed to trick you into launching viruses on your computer. This virus circulating is the UPS/Fed Ex/USPS Delivery Failure. You will receive an e-mail from UPS, Fed Ex, or USPS along with a packet number. It will say that they were unable to…

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The United States Department of Labor (DOL) Office of Chief Accountant recently stressed, in a letter emailed to plan administrators, the importance of obtaining a quality audit from a qualified and experienced CPA firm. This letter explains that selecting a qualified CPA who has the expertise to perform an audit is a critical responsibility in…

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Contribute up to $2,550; $500 Carryover Option Available to Many. The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2016. FSAs provide employees a way to use tax-free dollars to pay medical expenses not covered…

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Summary of Sick Leave Law

The State of Oregon passed a law on June 22, 2015 requiring employers to provide protected sick time to all employees.  This new law goes into effect as of January 1, 2016 and affects all businesses.  We recommend that businesses review their current sick / vacation / PTO policies to ensure these policies are in…

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Due to the Affordable Care Act (ACA), every employer with 50 or more full-time employees (including full-time equivalent employees) must report information about its 2015 workforce and health plans to its employees and the IRS using new Forms 1095-C and 1094-C. Small employers with less than 50 full-time employees (including full-time equivalent employees) generally are…

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