by cdaaccounting | Jun 7, 2022 | Business
Yes. As long as a reasonable wage has been met first, all other profits from a Coeur d’Alene S-Corporation can be disbursed to owners/shareholders. For Tax Resolution or Tax Preparation services in Coeur d’Alene Idaho click here.
by cdaaccounting | Jun 6, 2022 | Business
If you’re a Coeur d’Alene LLC taxed as a partnership or sole proprietor, your fringe benefits are generally considered guaranteed payments or other compensation for income and self-employment tax purposes. Naturally, there are exceptions to the general rules....
by cdaaccounting | Jun 6, 2022 | Business
Yes. A Coeur d’Alene LLC is a pass-through and unable to differentiate between a wage and other payout methods. Therefore, you will pay self-employment taxes on your share of the profits regardless of how you withdraw the funds. Coeur d’Alene S or...
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 2, 2022 | Business
Yes. A Coeur d’Alene C-Corporation has a perpetual existence that can outlive its original owners/shareholders. This makes an Idaho C Corporation an excellent choice for those who would like to pass down their Coeur d’Alene business to future generations...
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