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...
by cdaaccounting | Jun 2, 2022 | Business
Gross receipts are the total amounts your Coeur d’Alene business receives from all sources during its Tax Year, without subtracting Cost of Goods Sold or deductible expenses. If you operate your Idaho business as a Sole Proprietorship, or a single-member LLC,...
by cdaaccounting | Jun 2, 2022 | Business
An ordinary expense is one that is common in your trade or Coeur d’Alene business. A necessary expense is one that is useful and appropriate for your trade or Coeur d’Alene business. The two biggest reasons why you might lose a business expense deduction...
by cdaaccounting | Jun 2, 2022 | Business
A book containing a page or more for every account in the Coeur d’Alene business. After a transaction is recorded in the general journal, the components are then transferred or posted to the individual accounts in the general ledger. Thus, at any time someone...
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