This is our fifth installment of our monthly tax blog about the Tax Cuts and Jobs Act. This blog will revisit a topic discussed in our third installment, however this blog post will focus on how the Qualified Business Deduction affects specifically rental properties. General Overview of Qualified Business Income Deduction The Qualified Business Income…

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Comedian Brian Regan recounts: I was at the breakfast table this morning and I read in the newspaper that more and more adults are living at home with their parents. That surprised me, I was like “Mom did you read this?!?” Regardless of what their ever-so-clever children are doing, the somber truth is, more than…

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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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