ITBS LLC

06/13/2026

A small but exciting milestone today. The first phase of our new building is officially underway.

Every big project starts with a single step, and it’s rewarding to finally see this vision begin to take shape. Looking forward to the journey ahead.

04/01/2026

02/25/2026

No receipt = risky deduction.

When it comes to business expenses, documentation matters. If you’re ever audited, you need more than just a bank transaction to support your deduction.

Make sure you keep:
• Date
• Amount
• Vendor
• Business purpose

The good news? Digital copies are completely acceptable. A quick photo on your phone can protect you later.

Bank statements alone are not always enough to prove a deductible expense.

Screenshot it now — thank yourself later.

02/24/2026

W-2 and 1099 are NOT the same — and understanding the difference can save you from a very stressful April.

Here’s the breakdown:

🔹 W-2 Employee
Taxes are automatically withheld from each paycheck.

🔹 1099 Contractor
No taxes are withheld — you are responsible for setting aside and paying your own taxes (including self-employment tax).

If you’re a 1099 contractor and not planning ahead, tax season can come as an expensive surprise.

The key?
✔️ Set aside a percentage of every payment
✔️ Track your income and expenses
✔️ Make estimated tax payments if required

Contractors — don’t wait until April to find out what you owe. Plan now.

If you have questions about your situation, Idaho Tax & Bookkeeping is here to help.

02/19/2026

Not everything is a write-off… but more is than you think 👀
If it’s ordinary and necessary for your business — it might be deductible.

✅ Software�✅ Office supplies�✅ Marketing�✅ Education�❌ Random Target runs that have nothing to do with your business

The rule?�When in doubt — track it.

You can’t deduct what you didn’t document.

Save this for tax season ✔️

02/11/2026

Most small business owners make this mistake their first year. 😬

And it can cost you.

Mixing personal & business money seems harmless at first…
Until:
❌ You miss deductions
❌ Your books are a mess
❌ Tax season becomes stressful
❌ An audit turns into a nightmare

If you’re self-employed in Boise (or anywhere), open a separate business bank account — even if you’re just starting out.

It’s one of the simplest ways to protect your money and your sanity.

💾 Save this if you’re a business owner
📤 Send this to a friend who just started their business
📞 208-608-5653 if you want help getting set up the right way