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...
by cdaaccounting | Jun 2, 2022 | Business
Net income represents the difference between revenues generated during the period and the related expenses, which generated that revenue. Prior to calculating the net income, a Coeur d’Alene business should first calculate gross income. The gross income is sale...
by cdaaccounting | Jun 2, 2022 | Business
Intangible assets are assets that cannot be physically touched. They must still meet the three-part test in order to be listed on the balance sheet as an asset, however, they do not have any tangible characteristics. Do you know what intangible assets you have at your...
by cdaaccounting | Jun 2, 2022 | Business
Tax law allows the most common accounting methods for computing your Coeur d’Alene business’s taxable income. Scenario Let’s say you completed a job for a client in December and billed them in December. However, the client did not pay until January. Should you...
by cdaaccounting | Jun 1, 2022 | Business
One of the rules that the securities exchange commission SEC has issued is that the financial statements of public companies must be examined by an independent public accountant through the process of an audit. This rule means that a Coeur d’Alene accountant,...
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