Changes to FORM 1099-MISC and New FORM 1099-NEC
Last used in 1982, and to alleviate confusion caused by the PATH Act, the IRS has reinstated Form 1099-NEC which will be used to report Nonemployee Compensation (NEC) for tax year 2020. The new...
Read POSTSurviving the CPA Exam
There are three components to becoming a CPA: education, examination, and experience. For most candidates, examination is the most intimidating part. The Uniform CPA Exam – standardized nationally –...
Read POSTIdaho Tax Deduction for First-Time Home Buyers
With real estate costs across Idaho continuing to rise, the prospect of home ownership for many first-time homebuyers may seem more financially daunting than ever for some Gem State taxpayers....
Read POSTFamilies First Coronavirus Response Act: Paid Leave & Tax Implications for Small Business Owners
On March 18th, with Americans experiencing the economic impact of the COVID-19 virus, President Trump signed into law the Families First Coronavirus Response Act in an effort to ease the financial...
Read POSTSave On Student Loan Repayment with an Idaho Ideal 529 Plan
In an effort to help ease the burden of student loan debt across the country, the SECURE Act, which was passed last December, has increased the scope of 529 educational savings plans to allow for...
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