AMM Accounting Solutions, LLC

01/18/2026

Tax season is here! 🤑

Are you a small business owner? Did you make a great profit in 2025? Are you still sitting with cash on hand?

Well, there's still time to make some moves that will reduce your tax bill. The Internal Revenue Code and regulations allow you to contribute retroactively to a Simplified Employee Pension (SEP), Individual Retirement Accounts (IRA), or Solo 401(k) plan for the 2025 tax year and save on taxes. A retroactive contribution can reduce your taxable income and lower your tax bill. Plus, it's a great way to boost your retirement savings!

Would you like to know more about your options and the contribution limits? AMM Accounting Solutions can help you plan and prepare your 2025 filings.

01/03/2025

!!!!Beneficial Ownership Information (BOI) reporting requirements update!!!!

You might have heard about the requirement to register your business Beneficial Ownership Information (BOI) to comply with the new federal Corporate Transparency Act.

There has been some ongoing litigation challenging the law which creates some confusion. As of Friday December 26, 2024, there was a "stay" - meaning businesses are not required to report BOI information.

However, we urge you to stay informed as it is possible the challengers will lose the lawsuit which might affect the implementation of these requirements. There will be potential fines for failure to comply with the requirement once it is reinstated.

DON'T FALL FOR SCAMMERS trying to scare you or charge you hundreds of dollars to fill out the form.

FinCen contact information are listed below.

Website: https://fincen.gov/boi
Email: [email protected]
Phone number: 1-800-767-2825

Reach out if you have any questions or concerns.

AMM Accounting Solutions

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03/14/2023

10/05/2022

Idaho taxpayers will receive a tax rebate approved in September 2022 by the State house.

The refund amount will be equal to: 1) $300 for individual filers; 2) $600 for joint filers; or 3) 10% of 2020 income taxes, whichever is more

01/19/2022

It's tax season again. AMM Accounting Solutions, LLC is available to help with your 2021 personal and business taxes preparation and filing.

08/05/2021

https://m.facebook.com/story.php?story_fbid=244964977559023&id=100061365660762

05/19/2021

Idaho homeowners exemption on real estate property increased from $100,000 to $125,000

BOISE, Idaho (AP) — Idaho Gov. Brad Little signed a property tax relief bill Wednesday that opponents describe as deeply flawed but supporters say is better than nothing. The Republican governor expressed his own doubts in approving the legislation that was rushed through in the final days of the ...

05/17/2021

https://m.facebook.com/story.php?story_fbid=187034573352064&id=100061365660762

The first payments will be made on July 15 and subsequent payments will continue to be made monthly through the end of the year.

04/02/2021

RULE # 2. Automate whatever you can.

1. Separate business and personal finances.

03/26/2021

RULE # 1. Separate business and personal finances.

1. Separate business and personal finances.