Best of Treasure Valley – Runner-up
We are very excited to announce that we were runner-up to Eide Bailly in the annual best of Treasure Valley vote for best accounting firm. We appreciate each and every one of you who took time to vote for us this year. We look forward to providing all of our clients with outstanding service in the year ahead and hopefully we can come out on top next year! B.A. Harris
Read POSTUnallocated Job Costs
Chances are your construction company is underestimating the cost on each specific job. The process of obtaining bids and estimating project costs is straight forward when it comes to direct expenses such as subcontractors, direct materials, and direct labor. Those direct costs provide a guide to profitability from job to job but don’t account for the overall cost of doing business. So, while a 10% gross profit margin per job seems obtainable, by year end when all Costs of Revenues are accounted for gross profit might be just 5%.
Read POSTGain Exclusion on Sale of Personal Residence
Thinking about selling your primary residence? With the rise in real estate prices, many taxpayers may be looking to sell their primary residence and cash in on the gain. If this has been your principal residence and you have owned it for a period of at least two out of the last five years, you can exclude a nice portion of the gain. Single taxpayers or those married filing separately can exclude up to $250,000.
Read POSTBest of the Treasure Valley?
The Idaho Statesman is currently running their annual Best of Treasury Valley poll. BA Harris is proud to be included in the Best Accounting Firm category and we would love the support of our loyal clients in being named The Best. Voting is only open until July 21st, so if you have a spare minute or two, you can click on this link to submit a vote. https://idahostatesman.secondstreetapp.com/Idaho-Statesmans-Best-of-Treasure-Valley/gallery?group=321791 We appreciate your time and continued support!
Read POSTSecond Quarter Estimated Tax Payments
With summer knocking on the door we just wanted to remind estimated taxpayers your second quarterly payment is due Monday, June 17th. If you have any questions, don’t hesitate to contact our office. We hope you have a wonderful summer!
Read POSTReady to chat?
So are we.
Feel free to contact us with any questions or needs you have. We will get in touch with you right away.
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