ebs Associates Blog

Small Business Accounting & Technology Resources

Denise Loter-Koch

Denise Loter-Koch offers more than 30 years of experience assisting business owners, managers and bookkeepers with their accounting and bookkeeping, as well as teaching bookkeeping, accounting and QuickBooks classes, webinars and seminars throughout the western United States.
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Recent Posts

Taxable Income: How Do I Determine This? [ANSWERED]

Posted by Denise Loter-Koch on Mar 19, 2019

All income is taxable unless the law specifically excludes it, but as you might have guessed, there's more to it than that. With that in mind, let's take a closer look at taxable vs. nontaxable income.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon, Small Business Ideas

How Much Is Social Security Taxable?

Posted by Denise Loter-Koch on Mar 11, 2019

Social Security benefits include monthly retirement, survivor, and disability benefits; they do not include Supplemental Security Income (SSI) payments, which are not taxable

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

Tax Extension: Are There Pros & Cons to Filing One?

Posted by Denise Loter-Koch on Mar 6, 2019

Coupled with legitimate reasons for doing so, getting an extension to file your taxes is relatively easy, ; however, there are points to consider regarding the process. Here's what you need to know about filing an extension, if you happen to need more time to file your taxes.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

How the Small Business Health Care Credit Impacts Your Business' Taxes

Posted by Denise Loter-Koch on Mar 4, 2019

Tax credits are harder to come by with the passage of new tax reform laws bringing new eligibility requirements. Especially with how quickly these came about, it's understandably overwhelming for individual taxpayers; and more likely overwhelming for business owners, like yourself. Read further to see how you can take advantage of health care related tax credits.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

How Do I Enter a Finance Charge in QuickBooks? [ANSWERED]

Posted by Denise Loter-Koch on Feb 22, 2019

 A few months ago, accelerating the reception of customer payments in QuickBooks was discussed. You saw five ways you can do this. Here, you will get a deeper look into one of the five ways: assessment of a finance charge; its time and place; and the reasoning behind it. 

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Topics: Customer Relationship Management, QuickBooks Software, QuickBooks Pro, QuickBooks Enterprise, QuickBooks Premier, QuickBooks Desktop, QuickBooks Training or How To

Tax Penalty Relief from the IRS? [How You Qualify]

Posted by Denise Loter-Koch on Feb 20, 2019

The estimated tax penalty can be waived for you, if your 2018 federal income tax withholding and estimated tax payments fall short of your total tax liability for the year; however, there is a catch: its is only waived, if you paid at least 85 percent of total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the two. Typically, you must pay 90 percent to avoid a penalty.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon, year-end

401k Early Withdrawal Penalty: What Can I Do About This? [ANSWERED]

Posted by Denise Loter-Koch on Feb 18, 2019

Many people use IRAs, SEP Plans, SIMPLE IRA plans, and employee-sponsored retirement savings plans such as the 401(k) to save money for their retirement years, but what if you need to tap that money before age 59 1/2?

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Topics: Small Business Accounting, Taxes, year-end

5 Facts About the Opportunity Zone Tax [PLUS] How to Qualify

Posted by Denise Loter-Koch on Feb 15, 2019

Providing tax benefits to investors who invest eligible capital into distressed communities throughout the U.S. and its possessions, Qualified Opportunity Zones (QOZs) were created under the Tax Cuts and Jobs Act of 2017 to spur economic development and job creation. If you're considering investing in a QOZ, read on to learn the facts you need to know about this tax incentive.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

Do I Need to File a Tax Return in 2019? [ANSWERED!]

Posted by Denise Loter-Koch on Feb 13, 2019

Most people file a tax return because they have to, but even if you don't, there are times when you should. You could be eligible for a tax refund, and not know it. The six tax tips below should help you determine whether you're one of them.

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

Tax Season 2019 Filing Begins

Posted by Denise Loter-Koch on Feb 4, 2019

January 28, 2019, marked the start of this year's tax filing season, and it's the first time taxpayers will be filing under the new tax reform laws, most of which became effective in 2018. Complicating matters is a newly revised Form 1040, U.S. Individual Income Tax Return, as well as the partial shutdown of the federal government. With more than 150 million individual tax returns expected to be filed for the 2018 tax year, here's what individual taxpayers can expect:

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Topics: Small Business Accounting, Taxes, Taxes in Oregon

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