Idaho Income Tax Filing Delays Due to Recent Law Changes
We want to provide an important update regarding 2025 Idaho income tax filings. Why Are Returns Delayed? The Idaho State Tax Commission recently announced that Idaho has conformed to the One Big Beautiful Bill Act. Because this conformity legislation was enacted only a few weeks ago, the 2025 Idaho income tax forms are still being finalized. In addition, professional tax software providers must program, test, and release updates reflecting the new law before returns can be accurately prepared and filed.
Read POSTThe IRS is Going Electronic as of September 30, 2025
As of September 30, 2025, the IRS is requiring all tax payments to be made electronically and no longer issuing paper checks for refunds. Executive order 14247, that was signed into law by President Donald Trump on March 25, 2025, will mandate the transition to electronic payments for all Federal disbursement and receipts by digitizing payments. The move to require electronic payments and refunds is to help reduce cost, theft, fraud, delays, lost payments and inefficiencies.
Read POSTThe Idaho Parental Choice Tax Credit | B.A. Harris
The Idaho Parental Choice Tax Credit, created by House Bill 93 and signed into law by Governor Brad Little on February 27, 2025, is a refundable tax credit program aimed at helping families cover the costs of nonpublic (private) K–12 education. Funding for the program is appropriated from the state’s general fund, with an estimated annual administrative cost of $675,000. Under the program, parents may receive an annual credit of up to $5,000 per eligible student for qualified educational expenses.
Read POSTDecoding the Fair Labor Standards Act - Employee or Independent Contractor?
The new year came with a new rule from the US Department of Labor for classifying independent contractors versus employees. Effective March 11th, 2024, the update hopes to clarify and guide appropriate classification. In the evolving landscape of the modern workforce, distinctions between contractors and employees have always been crucial but are becoming increasingly complex. The Pandemic changed the way many employers hire and employees work, therefore making the line between independent contractors and employees even fuzzier.
Read POSTCorporate Transparency Act: Beneficial Ownership Information Reporting Requirement
Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA”). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021 to help U.S. law enforcement combat money laundering, the financing of terrorism and other illicit activity. The CTA requires disclosure of the beneficial ownership information (otherwise known as “BOI”) for people who own or control a company.
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