Oct 12
A white maze with TAX spelled out as part of the maze barriers. Scott Nissen can help you navigate your taxes.

Tax Reform Dealt Teachers A Raw Deal

It is quite common for teachers to spend their own money on classroom supplies – so common, in fact, that a few years back, Congress created a special deduction that allowed teachers to deduct up to $250 above-the-line for classroom supplies. “Above-the-line” means the deduction can be claimed whether or... read more →
Oct 11
Cluttered desk with a name tag stating IRS. Bruton, Nissen and Schellberg, Tax Preparation, Accounting and Bookkeeping in Bellingham, WA.

Year-End Individual Strategies: Bunching

Year-end is rapidly approaching and you only have a limited time to utilize tax-saving strategies. The Tax Cuts and Jobs Act of 2017 substantially increased the standard deduction and made changes that affect itemized deductions. Learn all about bunching.
Oct 09
Money being handed forward. Let Scott Nissen help you with your Taxes.

Rejoice – Business Meals Are Still Deductible

If you are a business owner who is accustomed to treating clients to sporting events, golf getaways, concerts and the like, you were no doubt saddened by the part of the tax reform that passed last December that did away with the business-related deductions for entertainment, amusement or recreation expenses,... read more →
Oct 09
Tax Cuts and Jobs Act Infographic – Let Scott Nissen help you with your Taxes.

Tax Reform Infographic

With so much confusion regarding tax reform, we put together a side by side comparison of the old and new law. (Click the image to increase size)
Oct 08

Take Two. When Should You Amend A Previously Filed Tax Return?

Amending your tax return can be a cumbersome process. Please give us a call, or use the contact form below and we can assist you with filing amended returns. Let us eliminate the headaches that come with amending your previously filed tax return.
Oct 04
A check is written out to the IRS for "All My Money" . Let Scott Nissen help you with your Tax Preparation and keep your money in the bank.

Will You Get a Refund or Owe for 2018?

As a result of tax reform, most taxpayers will be paying less tax for 2018 than they did in 2017. But that may not translate into a larger refund. Your refund is the amount that your pre-payments (withheld income tax, estimated tax payments, and certain credits) exceed your tax liability.... read more →
Oct 02
Two hands grappling over money With so much confusion regarding tax reform, we put together a side by side comparison of the old and new law. Feel free to embed this tax reform infographic on your website. The embed code is loaded at the button of this image. (Click the image to increase size)

Making Two IRA Rollovers in One Year Can Be Costly

Tax law permits you to take a distribution from your IRA account, and as long as you return the distribution to your IRA within 60 days, there are no tax ramifications. However, many taxpayers overlook that you are only allowed to do that once in a 12-month period, and violating... read more →
Sep 27
Stethoscope draped over a computer keyboard. Bruton, Nissen and Schellberg Taxes, Bookkeeping and Accounting firm located in Bellingham, WA.

Hardship Exemption Rules for Not Having Health Insurance Eased

The Affordable Care Act (Obamacare) included a “shared responsibility payment,” which in reality is a penalty for not having health insurance. Along with this penalty came a whole slew of exemptions from the penalty, including some that were designated as “hardship” exemptions. However, the hardship relief from the penalty required... read more →
Sep 25
Professional woman on a phone holding papers.. Bruton, Nissen and Schellberg Taxes, Bookkeeping and Accounting firm located in Bellingham, WA.

Day Care Providers Enjoy Special Tax Benefits

A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their business. The two primary deductions include the business use of their home and the cost of providing meals and snacks to children in their care. The... read more →
Sep 21
October 2018 calendar with due dates marked on it. Taxes Accounting and Bookkeeping in Bellingham, WA

October 2018 Business Due Dates

October 1 -  Fiduciaries of Estates and Trusts File a 2017 calendar year return (Form 1041). This due date applies only if you were given an extension of 5 ½ months. If applicable, provide each beneficiary with a copy of K-1 (Form 1041) or a substitute Schedule K-1. October 15... read more →