Williams, Schiller & Styer Resources

Helpful information, financial tips and updates

Our Financial Blog

Read our periodic blog below to stay up to date on ever-changing tax rules and IRS regulations. We also enjoy passing on financial advice and tips, market data and more. Please be our guest and read on below!

tax filing deadlines
26
Mar

Tax Filing Deadlines

The IRS released the first round of changes to the current tax-filing season on Wednesday, March 18, 2020.  Then on Thursday, U.S. Treasury Secretary Mnuchin announced new changes.  In summary, those are: Individuals and trusts may file returns AND defer the payment of up to $1 million of their outstanding 2019 federal tax liability until as...
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service continues amidst covid-19
26
Mar

Service Continues During Temporary Office Closures

To our valued clients, Idaho Governor Brad Little issued a stay-at-home order yesterday, March 25.  Minnesota Governor Tim Walz issued a stay-at-home order on Wednesday as well, effective March 27 through April 10.  We expect North Dakota to issue something similar in the days ahead. WSS CPAs is in the critical business category and our Sandpoint employees will...
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25
Nov

Year’s end brings opportunities … time to be planning!

We’re coming up on year’s end for 2019, and it’s been an exciting time here at WSS CPAs, as our company – previously known as Williams & Parsons – became Williams, Schiller & Styer, PC, with new partners and a new office in Fargo, North Dakota, joining our office in Sandpoint, Idaho. We’re doing business...
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24
Jul

We’re now WSS CPAs & Consultants

Meet WSS CPAs & Consultants We have new partners… and a new office in Fargo For those who have known us for two-plus decades as the full-service accounting firm Williams & Parsons, PC, we have some big news: We’ve expanded, with new partners, a new name and a second office in Fargo, N.D. Company co-founder Brad...
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Trump Tax Cuts and Jobs Act New Tax Laws Accounting Taxes Williams and Parsons Sandpoint CPA
03
Aug

President Trump Signs New Tax Laws for Tax Cuts and Job Act

New Tax Laws for Tax Cuts and Jobs Act It’s certainly an interesting time to be a CPA.  The provisions of the Trump tax act bring added complexity to areas of the law that were not simple, to begin with. Tax planning opportunities President Trump signed the most sweeping new tax legislation that the US...
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29
Aug

Congress to U.S. Citizens: Pay Your Income Tax or Forfeit Your Passport

Congress to U.S. Citizens: Pay Your Income Tax or Forfeit Your Passport A common question from the EXPAT community is what happens if I do not pay my US Taxes? Well for the first time, in addition to facing various IRS actions, a US Citizen could lose their US Passport and their ability to travel...
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18
May

IRS Simplifies Entering the New Streamlined Filing Program

IRS Simplifies Entering the New Streamlined Filing Program We get new clients every week who have been living outside the US and are not filing their U.S. Income Tax Returns as required. Up until the Fall of 2012 we did not have much good news to tell these people. But in the Fall of 2012...
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17
May

5 Money Moves to Make In September

September is a month that marks many endings and many beginnings. Summer ends as the warm weather starts to fade away. Kids are heading back to school to meet new teachers and prepare for a new year. From a financial perspective, September is also a great time for a quick reboot of your financial mind-set....
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16
May

5 Ways to Improve your Financial Health

The Term “personal finance” refers to how you manage your money and how you plan for your future. All of your financial decisions and activities have an effect on your financial health now and in the future. We are often guided by specific rules of thumb – such as “don’t buy a house that costs...
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