Wastvedt & Company

06/01/2026

Are you self-employed, an investor, or earning non-wage income? June 15 estimated tax payment is due — miss it and the IRS can charge penalties that feel like interest on borrowed money. Stay penalty-free and keep your cash flow steady. Find out how to calculate your Q2 payment.

Find out if you owe a June 15 estimated tax payment. We explain safe harbor rules, underpayment penalties, and tips for managing non-wage income taxes.

06/01/2026

If your withholding is insufficient or you receive income without tax withholding, you may need to make an estimated tax payment by June 15.

06/01/2026

Are you leaving tax savings on the table? Small, smart moves—like the right entity, accelerated depreciation, or a pricing tweak—can cut taxes and boost profits this year. See which quick changes to try this quarter. Read now.

Discover how strategic business consulting reduces tax liability and drives profit for individuals and business owners.

05/29/2026

States are using online sports betting as a new revenue source—Nebraska could net nearly $87M over 5 years to help ease property taxes. Surprising: most of that money comes from mobile bets, not casino floors. Want to know what this means for your taxes and community? Find out.

States are increasingly turning to online sports betting to fund budgets and offset traditional taxes. Learn how this behavioral tax trend impacts taxpayers.

05/28/2026

Launching a business? You could deduct up to $10,000 in start‑up and organizational costs in year one—an immediate cash‑flow lift. Surprising: excess costs are amortized over 15 years and the $5K write‑offs phase out after $50K in expenses. Keep careful records. Find out how to claim it.

Launching a new business? Learn how to maximize tax deductions for start-up and organizational costs, including immediate write-offs and amortization rules.

05/27/2026

Portland’s $35 arts tax may shift to a targeted $50/$100 charge—removing ~151,000 payers but keeping about $12M for schools and nonprofits. The goal: less collection hassle, not less revenue. Curious if you’d be exempt or face a higher bill? Find out.

Portland is proposing a major restructuring of its controversial arts tax. Discover how increased rates and new exemptions could impact your tax compliance.

05/26/2026

Ouch—had to return a bonus or refund a client after you’d already paid taxes on it? Under the Claim of Right (IRC §1341) you could recover those taxes—sometimes as a refundable credit or an itemized deduction. Repayments over $3,000 may qualify. Find out which option saves you more.

Did you repay a signing bonus, overpayment, or disputed income? Learn how to use the Claim of Right doctrine to claim a tax deduction or credit.

05/25/2026

Honoring those who made the ultimate sacrifice.

05/22/2026

June 15: payroll deposits and the 2nd corporate estimated tax payment are due. Surprise—failure‑to‑deposit penalties can reach 15% and owners may face personal liability. Use this mid‑year moment to reassess your taxes. Find out what to check.

Missing June tax deadlines can trigger costly penalties. Review June 15, 2026 requirements for employer monthly deposits and corporate estimated income taxes.

05/22/2026

Surprising: a $70K hire can actually cost your business $90–100K once payroll taxes, benefits, equipment and onboarding time are added. Don’t let hiring squeeze your cash flow — consider fractional or contract talent instead. Find out more.

Thinking of hiring? Discover the hidden costs of bringing on a new employee, from payroll taxes to training time, and explore smarter staffing strategies.