Exiting your business, whether through sale or succession, can be fraught with stress. However, some of that anxiety can be alleviated by addressing 10 missteps business owners often make. 1. Being too emotionally attached to the business It is understandable that business owners have an emotional attachment to their businesses. After all, they have typically…

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Taxpayers can save family income and payroll taxes by putting a taxpayer’s child on the payroll of an owner where the mother or father is the owner (or owners of a partnership), and even make retirement plan contributions for a taxpayer’s child. Here the key considerations: Turning high-taxed income into tax-free or low-taxed income. Parents…

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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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Oregon’s new minimum wage law takes effect on Friday, July 1, 2016, and employers have a few things to do in order to be prepared. Each employer’s to-do list depends on the type of workers they have: If your business employs workers who report to a fixed location and work there every day, be prepared…

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During 2016, the voters of Oregon will have a chance to vote on Initiative Petition 28 (IP 28). IP 28 purposes a 2.5 percent gross receipts tax on any Oregon sourced gross receipts in excess of $25 million for C-Corporation. In order for Oregon voters to make an informed decision on IP 28, it is…

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As the new year begins, it is time to start thinking about and preparing for filing your Personal Property Tax Returns.  Personal Property Tax Returns have a new filing date of March 15th and can no longer be extended.  Returns filed after March 15, 2016 will be assessed a penalty of at least 5%.  The…

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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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