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Is an Idaho LLC Governed by Bylaws or Operating Agreement?
Yes. An Idaho LLC’s use an operating agreement whereas corporations use bylaws. An operating...
Is an Idaho C Corporation Taxed at Corporate Level?
Yes. An Idaho C-Corporation pays a flat 21% taxes on the profits at the corporate level first. The...
Is an Idaho LLC Investor Preferred?
No. Investors are usually seeking a more formal business entity to invest their money. Since an...
Idaho Sales Tax Permit Rules
Who needs a sales tax permit in Idaho? According to the Idaho State law Idaho requires retailers...
Coeur d’Alene Business Trial Balance Defined
A trial balance is a list of all accounts in the general ledger that have a balance other than...
Coeur d’Alene Business Financial Statements Explained
Accountants supply information to people both inside and outside the Coeur d'Alene Idaho business...
Idaho Tax Identification Number EIN
An Idaho business EIN, standing for employer identification number, is also known as a federal tax...
Is an Idaho LLC High-Earner Preferred?
No. All profits, wages, or draws, must include self-employment taxes of 15.3% per the Idaho LLC...
Coeur d’Alene Idaho Business “Under the Table” Payments
Under the Table Payments Paying an Idaho worker “under the table” (off the books) means that the...
Idaho 1099 vs. W-2 Employee Penalty Loophole
As you know, one potential Coeur d'Alene Idaho business tax reduction strategy is to hire...
Coeur d’Alene Business Basic Fire Insurance
If you bought all the different kinds of Coeur d'Alene business insurance available to you, you’d...
Idaho Business Owners Ordinary Income
Ordinary income tax is the law's default setting for income. When the tax code doesn't specify...
Does an Idaho S Corporations have Strict Ownership Rules?
Yes. A Coeur d'Alene Idaho S-Corporations are very strict about who can become an...
Does a Coeur d’Alene S Corporation Provide Large Fringe Benefits?
Yes. A Coeur d'Alene S corporation cannot provide as many tax-free fringe benefits to...
Does a Coeur d’Alene LLC Provide Owners with Shares of Stock?
No. A Coeur d'Alene LLC cannot issue stock, nor can they issue stock if elected to be taxed as an...
Coeur d’Alene Business 1099 Workers
The term “1099” refers to the 1099-MISC tax form that Coeur d'Alene companies are required to send...
Coeur d’Alene Business Bonus Depreciation
Your Coeur d'Alene business has the option of writing off half the cost of certain assets when you...
Does a CDA S Corporation Pay Idaho State Taxes?
Yes. Idaho has a corporate income tax, as well as certain special taxes applicable to a Coeur...
Coeur d’Alene Business Consignment Rules
Consigned inventory is merchandising a Coeur d'Alene business or an individual places with another...
Does a Coeur d’Alene S Corporation Require a Reasonable Wage?
Yes. Even though a Coeur d'Alene S-Corporation uses a pass-through taxation method,...
Coeur d’Alene Business Calendar Tax Year Vs. Fiscal Tax Year
A tax year is an annual accounting period that an CDA tax payer uses to determine their tax...
Tax Implications of Being a 1099 Contractor in CDA, Idaho
Many Coeur d’ Alene employers are hiring 1099 workers in Coeur d'Alene Idaho (independent...
Business Financial Statements Explained
Coeur d' Alene Accountants supply information to people both inside and outside the CDA business...
CDA Businesses Getting Busted For 1099 Workers
Has your Coeur d’ Alene S corporation been paying you compensation on Form 1099-MISC? By having...
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....
Understanding Your Idaho Corporation Bylaws and Arrears
Idaho Corporation in Coeur d'Alene Arrears Explained The amount of money that has not been paid on...
Everything You Need to Know About Idaho C-Corporation Loans
Coeur d'Alene Idaho C-Corporation Loaning to Shareholders An Idaho corporation can lend money to a...