by cdaaccounting | Nov 20, 2019 | Uncategorized
An Idaho corporation is a legal and separate entity from its owners. Because it’s a legal entity, it can be taxed, sued, enter into contracts and borrow money. These are general factors that any corporation receives. The owners are known as shareholders. The...
by cdaaccounting | Nov 20, 2019 | Uncategorized
Idaho Corporation Arrears Explained The amount of money that has not been paid on the cumulative preferred stock from your Idaho corporation. Since the stock is increasing, in most cases, the dividends for common stock and other non-cumulative preferred stock may not...
by cdaaccounting | Nov 18, 2019 | Uncategorized
Who Pays More Idaho Taxes on Owner/Shareholder Income? When you first see that 21 percent tax rate for the Idaho C corporation, you must think that this could be the choice of entity for your Idaho business operation. Further, when you find yourself in the...
by cdaaccounting | Nov 18, 2019 | Uncategorized
Does an Idaho S Corporation Require A Reasonable Wage? Yes. Even though an Idaho S-Corporation uses a pass-through taxation method, owners/shareholders are able to differentiate between a wage and a disbursement. However, a reasonable wage must be paid out to those...
by cdaaccounting | Nov 18, 2019 | Uncategorized
Does an Idaho S Corporation Provide Large Fringe Benefits? Yes. An Idaho S corporation cannot provide as many tax-free fringe benefits to shareholders-employees as a traditional “C” corporation. However, an S corporation still provides more tax-free...
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