Corporate Transparency Act: New Federal Law to Require Information Reporting for Most Small and Medium Size Businesses
There is a new law out, not yet brought to the public’s widespread attention, that will impact most businesses. The implementation rules are still being developed and we’ll keep you up to date as the...
Read POSTIdaho Employers Can Receive Tax Credit for Contributions to Their Employees' 529 Plans
For parents, saving for a child's education is often a major priority and many choose to save for the future costs of education through tax-advantaged 529 plans. And as the cost of higher education...
Read POSTFirst-time Homebuyers Tax Incentives
There are several potential tax benefits of purchasing a home. The most well-known perks are deducting property tax, mortgage interest, and mortgage insurance premiums when itemizing deductions, and...
Read POST$10,000 State and Local Tax Limitation Workaround for Idaho Pass-through Entity Owners
Since its inception in 2017, a major point of contention with the Tax Cuts and Jobs Act has been its limitation of the deduction for state and local taxes on individual returns to $10,000. This...
Read POSTHuge Changes to the Child Tax Credit: Should You Decline the Advanced Payments?
In response to the U.S.’s continued struggles recovering from the Coronavirus Pandemic, President Biden passed the American Rescue Plan Act (ARPA) in January, which contained a major overhaul to the...
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