Accounting Solutions of Idaho

01/18/2024

Now is a good time to analyze your entity structure to see if changing to a partnership or S corp will help save $$$!!!

01/18/2024

E-filing for 2023 tax returns opens Monday, January 29th, 2024.

06/30/2022

The IRS has announced an increase in the standard mileage per diem rate. For business travel the new rate starting 7/1/22 is 62.5 cents. Business miles for 1/1/22-6/30/22 is standard mileage per diem rate is 58.5 and 71/22 to 12/31/22 standard mileage per diem is 62.5. You will need to keep your written log and we will need to know total business miles from 1/1/22-6/30/22 and total business miles for 7/1/22 to 12/31/22 and the total miles driven for the year on the vehicle. This is for each vehicle you use for business purposes. Let us know if you have any questions.

06/24/2021

For the 2021 Tax Year there will be an advance of the child tax credit. Beginning in July qualified individuals will start receiving payments of $250 (ages 6-17) and $300 (ages 5 and under) per child for the remaining six months of 2021. In total you will get half of the total Child Tax Credit that you should be eligible for on your tax return. The total credit has increased to $3000 per child ages 6-17 and $3600 per child ages 5 and under. If you typically owe taxes, receive a small refund, or will not be claiming the same number of children on your 2021 tax return you may want to opt out of this advance of the credit. Please go to: https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021 to determine what is best for your tax situation and to opt out if you so choose.

Some families may prefer to wait until the end of the year and receive the entire Child Tax Credit instead of receiving advance payments. There is an IRS tool that lets them do just that: https://go.usa.gov/x6y6s

06/06/2021

The applicant's principal functions are bookkeeping, data entry, along with great customer service.

Responsibilities include:

- Entering data into QuickBooks

- Reconciliations

- Producing financial reports

- Payrolls

- Payroll tax filings

- Sales tax filings

- Other accounting tasks

- Assisting with other projects as needed

Required skills:

- Ability to understand accounting principles and bookkeeping

- Experience with QuickBooks

- Effective communications skills

Please email us your cover letter and resume to apply for the position. We will then send you an application that must be completed to be considered for the position.

04/02/2021

The applicant's principal functions are bookkeeping, data entry, payrolls, and sales tax filing, tax return input along with great customer service.

Responsibilities include:

- Entering data into QuickBooks

- Reconciliations

- Producing financial reports

- Payrolls

- Payroll tax filings

- Sales tax filings

- Tax data entry

- Other accounting tasks

- Assisting with other projects as needed

- Tax Return input for individual and business returns

Required skills:

- Ability to understand accounting principles and bookkeeping

- Experience with QuickBooks

- Effective communications skills

- Ability to research complex tax situations to apply to tax return preparation

Please email us your cover letter and resume to apply for the position. We will then send you an application that must be completed to be considered for the position.