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 5, 2022 | Business
Yes. If you are a Coeur d’Alene LLC with one owner, then you will be taxed as a sole proprietor unless otherwise elected. In Idaho you and your marital partner can still opt to be taxed as a sole proprietor even though there are two members. For Tax Resolution...
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 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...
by cdaaccounting | Jun 2, 2022 | Business
Sometime after your Coeur d’Alene business transaction occurs it is recorded in a book called the general journal. While there are many kinds of journals, it is most important to focus on the general journal. A general journal is often referred to as the book of...
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