(208) 415-1850 contact@cdaaccounting.com

The Best Accounting Firm in Coeur d’Alene Idaho

Looking for Accounting Services in CDA?

When looking for Cour d’Alene Accounting services, you want to make sure that the accountants you are considering are knowledgeable, professional, and have your best interests in mind. The accountants and their firm must care for the client as if they were family. 

Best CDA Accounting Services in the Business

Coeur d’Alene Accounting does all this and more. They provide custom accounting, bookkeeping, payroll, and CDA tax services that are designed specifically for your needs, unlike most other public accounting firms that will not have this ability.

Coeur d’Alene services allow you to concentrate on what you do best while leaving specialized support functions to them. But that’s not all Coeur d’Alene does a large number of other services as well.

Services CDA Accounting Provides:
  • Financial statement preparation
  • General ledger maintenance
  • Monthly and year-end closing assistance
  • Account reconciliations
  • Payroll and accounts payable processing
  • Financial analysis, budgeting, and projections
  • Internal audits
  • Accounting systems design
  • Depreciation schedules
  • Accounting software assistance
  • Interpretation and application of complex accounting standards
  • Enterprise risk assessment
  • Optimal business deductions
  • Benchmarking business performance
  • Compliance with rules and regulations
  • Idaho business licenses
  • new business setups
  • quick-books training
  • filing a business
  • new business setup
  • tax returns
  • Idaho payroll tax
  • Idaho payroll setup
  • Idaho LLC(Limited Liability Corporation)
  • Idaho S-Corporation
  • Business Consulting

Coeur d’Alene Accounting Helps CDA Businesses

When assisting private and public companies, Coeur d’Alene Accounting’s mission is to provide them with a complete comprehension of their business through a financial perspective, along with the risks they face. Accounting practices that improve their overall financial reporting processes and regulatory developments that will undoubtedly improve your business growth.

Having CDA Accounting reconcile your accounts each month allows you to:
  • Identify lost checks, lost deposits, and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Manage your cash more effectively. Proper management of funds not only saves money, but it also makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent, or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
You will sleep better at night knowing your bank accounts are: 
  • reconciled
  • in balance

 and that all:

  • escrow funds 
  • accounts 
  • checks 
  • disbursed funds

 are all properly accounted for.

  “Coeur d’Alene Accounting is the last accounting firm you will ever need.” 

How to Write Corporate Minutes for an Idaho Shareholder 

Tracking Corporate Minutes is easy for your Couer d’Alene Business and can help you save in taxes.

What is Documented in the Annual Minutes?

If you are like most Idaho small-business owners, you incorporate to receive the protection of personal assets that corporations provide. In addition, your Idaho corporation can take advantage of more tax deductions than are available to you as a sole proprietor, and you can sell shares to fund expansion. Even if you are the sole shareholder, you must adhere to corporate administrative requirements. 

Requirements include: 
  • documenting board meetings
  • shareholder meeting minutes
Incorporation

As an Idaho sole proprietor, you operate a business that is not legally separate from you. Idaho permits you to incorporate your sole proprietorship into a sole shareholder corporation. To do this, your authorized representative must file articles of incorporation with the Idaho secretary of state. 

Idaho requires your Idaho corporation to have a minimum of two board positions, typically president, secretary, and director. However, all positions can be made up of only one person. 

Legal Person

Laws recognize your Idaho corporation as a legal person with constitutional rights like those you enjoy as a “natural” person. 

Your Idaho corporation has: 
  • Limited liability 
  • Perpetual existence 
  • Centralized management 
The statutes governing your Idaho corporation require strict adherence to administrative rules, including:
  • Annual renewal with the secretary of state 
  • Documentation of your corporate decisions 
  • At least one shareholders’ meeting and one board of directors’ meeting annually
Sole Officer

If you hold all the required officer positions, no previous meeting announcement is necessary. 

Critical items to cover in a board meeting include:
  • Dividend declarations 
  • New loan pursuits 
  • Equity pursuits 
  • Significant changes in your compensation 
  • You must document the date, time, and location of the meeting. 
  • You must also list the discussion items 
  • Summarize the key points and document the decisions made 
  • You must note all the positions in attendance, even if you occupy all of them
  • Always sign your meeting notes and maintain them in a safe place