Blog
What’s on our mind? You can read about it in our blog. Whether it’s ideas from the industry or emerging trends, you can read about it here. And once in a while, we may throw in a movie review or some other surprise. So keep checking in. We’re glad to have you reading along.
Simplifying Mileage Tracking: Differentiating Personal and Business Use with MileIQ and Everlance
Introduction:Accurate mileage tracking is crucial for maximizing deductions and ensuring compliance with tax regulations. To simplify this process, it is important to understand the differences between personal and business mileage....
Read MoreYour 4% Withdrawal Strategy May Not Be Enough
YOUR 4% WITHDRAWAL STRATEGY MAY NOT BE ENOUGH Get the Tax Guidance You Need to Help Live the Retirement You Desire There’s a lot of concern among industry experts about whether the popular 4% withdrawal rule can provide enough income...
Read MoreSelf-Employment Tax
Self-Employment Taxes and The Common Traps to Avoid So You Do Not Owe Back Taxes People often dream of quitting their jobs and going into business for themselves so that they can pursue a passion and work without a boss....
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Five Most Overlooked Tax Deductions
Five Most Overlooked Tax Deductions Who among us wants to pay the IRS more taxes than we have to?1 While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible....
Read MoreChecking in with you
The beginning of 2020 has been quite a ride so far. We wanted to let you know that we are still here for you during this difficult time. Even if our office is closed for a while, we will still be working from home and just as...
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When should you hire a local Certified Public Accountant (CPA)?
So when should you hire a local CPA, bookkeeper or an accountant? We often get this question and ask the question back "what are you trying to do?". Most of the time, our clients don't know the differences between them so we go on to...
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Changes Coming to the Oregon College Savings Plan Deduction
Beginning January 1, 2020, contributions to the Oregon College Savings Plan will no longer be eligible as a subtraction from Oregon taxable income. Instead, Oregon taxpayers will be eligible to receive a tax credit for any...
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Oregon First-Time Home Buyer’s Incentive
Oregon First-Time Home Buyer’s Incentive Beginning January 1, 2019 and ending December 31, 2026, Oregon allows an income subtraction for first time home buyers with qualified savings accounts in the state. This program allows...
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Tax Deductions & Credits Families Don’t Want to Miss
Here are 3 overlooked tax deductions & credits you may be missing Child & dependent tax credit Do you have children under the age of 17 who are claimed as dependents on your tax return? If so, you may qualify for a tax credit up to $2...
Read More9 FACTS ABOUT RETIREMENT
9 FACTS ABOUT RETIREMENT Tip: Nearly 70% of workers expect to work for pay in retirement, but only 26% of retirees actually have done so. Source: 2018 Retirement Confidence Survey, EBRI Retirement can have many meanings. For some, it...
Read MoreRental Real Estate Safe Harbor - QBI deduction
If all the general requirements (which vary based on your level of taxable income) are met, the deduction can be claimed for a rental real estate activity - but only if the activity rises to the level of being a trade or business. An...
Read MoreHow to Avoid a Surprise Tax Bill - and What to Do If You Get One
Tax filing season is here again, and millions of hardworking Americans are already dreaming of those fat refund checks. Unfortunately, many of them may be disappointed this year. The combination of recent changes to the tax law and...
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