by cdaaccounting | Feb 3, 2022 | Business
Instead of setting up a credit ledger for your Coeur d’Alene business, keep copies of your credit sales invoice s in an “unpaid” file. When you receive payment, pull the invoice from the unpaid fire, record the income, a file the invoice with your other paid...
by cdaaccounting | Feb 3, 2022 | Business
Yes. A Coeur d’Alene C-Corporation has a perpetual existence that can outlive its original owners/shareholders. This makes a Coeur d’Alene C Corporation an excellent choice for those who would like to pass down their business to future generations and...
by cdaaccounting | Jan 20, 2022 | Business
Looking for the perfect spot for a relaxing vacation? There are unlimited things to do in CDA to kick back and relax. Discover the best ones in this guide! Bordered by the rugged skyline of the Coeur D’Alene Mountains and the exciting Lake Coeur D’Alene, CDA is a hub...
by cdaaccounting | Jan 20, 2022 | Business
Yes. An Idaho LLC may distribute profits to its partners in disproportion to their share of the capital, provided that: The distribution of profits is explained in the operating agreement; and no partner is excluded from the distribution of profits entirely. For Tax...
by cdaaccounting | Jan 6, 2022 | Business
Who doesn’t remember when they receive something for free? It makes people feel like they won something. I’m sure we can all recall something a retailer or service provider has given us a product or service at no charge, and I will bet you felt special and...
by cdaaccounting | Jan 5, 2022 | Business
Yes. After a reasonable wage has been met, all other profits will be disbursed to owners/shareholders through a K-1 form. This disbursement is not subject to Idaho self-employment taxes but taxed as ordinary income on Idaho owners/shareholders tax return. For Tax...
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