Financial News You Can't Live Without.
business deductions
BLOG POSTS
Browse or use the keyword search
NFTs and Taxes for Coeur d’Alene Businesses & Individuals
Non-fungible tokens (NFTs) are a type of digital asset that can be bought and sold. Some...
Minimize or Eliminate Taxes When Selling Your CDA Rental Property
2023 Meals and Entertainment Deductions
[pdf-embedder...
Do You Owe Self-Employment Tax on CDA Airbnb Rental Income?
In Chief Counsel Advice (CCA) 202151005, the IRS opined on this issue. But before we get to what...
Tax Pros and Cons: Partnership with Multiple Partners
What are the important federal income tax issues if you choose to operate your business as...
Q&A on Medicare Health Insurance Premiums and Taxes
Medicare health insurance premiums can add up to significant dollars—especially if you’re...
Don’t Rob Yourself of the Home Internet Deduction CDA Idaho
Given the connected nature of remote work these days, you likely use your home internet to do a...
Paying for College Tax Saving Strategy
In Paying for College for those living in the greater CDA Idaho area, you can pay your college...
Big Tax Break: Qualified Improvement Property Coeur d’Alene Idaho
Do you own or lease non-residential (think commercial) real property for your business or rent...
Deducting Mortgage Interest When Your Name Is Not on the Deed
Tax law has an amazing break for unconventional homeowners of Coeur d'Alene real estate. ...
Grouping: Tax Strategy for Owner of Multiple CDA Idaho Businesses
When you own more than one Idaho business, you need to consider the grouping rules that...
Tax Issues When Your Coeur d’Alene Vacation Home Is a Rental
If you have a home that you both rent out and use personally, you have a tax-code-defined vacation...
Idaho Business Tax Return Loss and Hobby Losses
A loss on your Idaho business tax return is by no means a sure cause for audit. It is not uncommon...
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...
Does the New 20% Deduction for CDA Business Phaseout?
Phaseout for New 20% Deduction If your pass-through Coeur d'Alene business is an in-favor business...
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...
Coeur d’Alene Business Consignment Rules
Consigned inventory is merchandising a Coeur d'Alene business or an individual places with another...
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...
Idaho State Employee vs. Independent Contractor
On the off chance that you are thinking about whether your Idaho business should...
How to Benefit from Forming an Idaho C-Corporation
There are many reasons to operate your business as a C Corporation. I am sure you have heard about...
How to Profit from an Idaho C-Corporation
Real Advice from a firm who knows how to lower their clients tax liabilities. What are the...
CDA Idaho Qualified Dividends vs. Idaho Ordinary Dividends
Idaho Qualified dividend tax rates and ordinary dividend tax rates are two different...
Understanding The Two-Percent Rule For Your Idaho S-Corporation
Does an Idaho S Corporation in Post Falls Provide Large Fringe Benefits? Yes. An Idaho S...
Everything You Need to Know About Idaho Fringe Benefits
When starting a new business in Idaho (Idaho S-Corporation or Idaho C-Corporation), something you...
Idaho C-Corporation & Idaho S-Corporation Comparisons
An Idaho corporation in Coeur d'Alene is a legal and separate entity from its owners. Because it’s...
Business Startup Checklist
Once you’ve formulated your Coeur d'Alene Idaho business idea and know where you’ll obtain the...
Most asked Idaho C-Corporation questions
Is an Idaho C Corporation Considered a Disregarded Entity? No. A Coeur d'Alene Idaho C-Corporation...
What you need to know about Coeur d’Alene C-Corporations
Why You Should Form a Coeur d’Alene Idaho C-Corporation in Coeur d'Alene Idaho Filing or...
Forming an Idaho C-Corporation Pros and Cons
Are you looking for a business entity that will save you thousands of dollars of taxes for your...
Forming an Idaho C-Corporation vs. S-Corporation
When starting a new business in Coeur d'Alene Idaho or changing your Idaho business structure, the...