by cdaaccounting | Jun 5, 2022 | Business
If you are wondering if you should hire full-time Idaho employee or use independent contractor, don’t make the mistake of thinking they are the same thing. Employees and Contractors are not alike in the state and federal governments eyes. If the IRS suspects that you...
by cdaaccounting | Jun 3, 2022 | Business
One potential Coeur d’Alene business tax reduction strategy is to hire independent contractors instead of employees. Misclassified If a worker’s classification fits within the tax law, it’s a legitimate strategy that can save you thousands of dollars. But...
by cdaaccounting | Jun 3, 2022 | Business
Yes. A Coeur d’Alene S-Corporation can have a maximum of 100 shareholders that are US citizens, permanent residents or an LLC taxed as a sole proprietor. For Tax Resolution or Tax Preparation services in Coeur d’Alene Idaho click here.
by cdaaccounting | Jun 3, 2022 | Business
How to File Yes. All Coeur d’Alene businesses, regardless of entity type, must complete the annual state renewal report. You will receive a renewal card in the mail annually. It is usually a bright colorful post card that is sent out to your business mailing...
by cdaaccounting | Jun 3, 2022 | Business
Yes. An Idaho S-Corporation can distribute profits to the owners/shareholders, keep them as retained earnings or do a little of both. The difference between a Coeur d’Alene S and C-Corporation is that the C-Corporation makes this decision after 21% corporate...
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