Business Taxes & Bookkeeping

He is also an expert in financial statements, balance sheets, and profit and loss analysis. There are many many benefits to hiring a tax professional for your business. The first and foremost being time, as we discussed earlier. Anyone who has ever done business knows that the time they spend on filing taxes can account for a lot of lost revenue. If you could get that revenue back, it would easily cover the cost of hiring a preparer.

• Imagine if you joined a football league and found out that they changed the rules so drastically each year that you would need to take a week off work to study them all.
• This started when I was a kid and realized that I knew all the answers, all the time!
• Idaho’s straightforward flat tax rate of 5.695% offers taxpayers a simple structure.
• We are a Local Tax Resolution and Tax Preparation firm based in Boise Idaho that specializes in helping individuals and businesses file taxes and resolve tax problems with the IRS.
• Whether it is book reconciliation, financial reporting, or anything in between, we can take care of it.

Experienced Bookkeeping/Accounting Services

Local businesses are the cornerstone of our community. However, those businesses can’t do what they do best if they have to allocate a lot of time and resources to painstakingly file their taxes quarterly, semi-annually, or even annually. It takes a lot of time to file taxes for a business, as anyone who has tried it will know, so spending a few extra bucks to have an expert do it in a timely manner is worth every penny.

I strive to work in a paperless environment, but I prefer to get to know you over the phone or in person. You need help analyzing and understanding your finances to make informed decisions. If we haven’t yet met, I’m looking forward to meeting you and finding out if what I’m offering matches what you need. We work round-the-clock to ensure the taxpayer’s problem is resolved. Our Team at Affordable Tax Prep & Bookkeeping Services believes in building relationships with our clients. We view these relationships as partnerships and we strive to serve our clients by adhering to the highest standards in our field.

• Born in St. Louis, MO, Tom has lived in various parts of the country, including New York and Florida.
• Our office has been proudly providing bookkeeping services in the Treasure Valley for over 18 years.
• When you hire Idaho Tax Services, you get your time back so you can get back to doing what you do best.
• When you own your own business, tax planning is a year-round concern.
• Select Tax & Bookkeeping is dedicated to client satisfaction.

Take advantage of free tax helpYou might be able to get free help preparing your income tax return at volunteer tax preparation sites throughout Idaho. To find a site near you, visit the Tax Commission website at tax.idaho.gov. Click on the Free Income Tax Help link on the home page. You can also find site information by going to IRS.gov. With its flat idaho tax and bookkeeping tax rate, Idaho makes filing your state income taxes relatively simple. However, understanding residency status, available deductions, and tax credits can be complex.

Controller On-Call Services

Just think about it, how much time do you spend every week on finances? Now, how much more do you think you could get done if you were able to spend that time doing something else. When you hire Idaho Tax Services, you get your time back so you can get back to doing what you do best. For business owners, one of the most time-consuming things they have to take care of every month, sometimes multiple times a month, is payroll and bookkeeping.

Six tips for filing Idaho taxes

Their team is dedicated to providing reliable and accurate financial solutions to individuals and businesses in the area. With their expertise and personalized approach, clients can trust Idaho Tax & Bookkeeping Services, LLC to help them navigate their financial obligations effectively. Affordable Tax Prep & Bookkeeping Services believes in building long-term relationships with our clients by providing sound tax preparation and bookkeeping services.

Ratings for Idaho Tax & Bookkeeping Services, LLC

Existing businesses that are expanding and are ready to start hiring their first employees. Her core values are trust and integrity and firmly believes in the concept of people helping people. Another thing to remember is that if you take this opportunity to work with us on your taxes is that we can help you out during an audit, something that one of those tax softwares can not do.

I believe their fees are reasonable, (and cheaper than many national advertisers). The IRS has not been easy to deal with, where the left hand of the bureaucracy was not in communication with the right hand. Through it all, Idaho Tax, and Mr. Ilir Nina, CPA, have kept me informed, and given me great service. I highly recommend him and this company to anyone with problems with the IRS. Copyright © 2024 Entrusted Accounting, LLC – All Rights Reserved.

With over 25 years of tax preparation experience in the Boise area and a strong background in tax resolution, Ilir Nina has become a trusted figure in the field. Idaho’s straightforward flat tax rate of 5.695% offers taxpayers a simple structure. Everyone who pays state income tax in the Gem State pays the same rate regardless of income level. This streamlines the tax filing process for everyone who earns income in Idaho. A careful handling of our personal finances and investments should guide us toward our short-term goals and plans for retirement. Often, this involves working with a few trusted advisors.

He is funny and personable, knows his stuff, and has been great at answering our questions whenever we have them. He is quick and efficient, and really makes time for his clients. She performs various administrative, collection and bookkeeping duties with skill and precision. She has experience as a front desk clerk in the car dealership and hotel industry.

When we take the time to prepare for the future, we can move forward with confidence to fulfill all of our dreams. But in order to get the best results on your tax return, you have to claim all of your deductions and understand your available credits. Getting your payroll out on time is a core component of managing your team and keeping everything running smoothly in your business. But it can be all too easy for your other responsibilities to slide when you have to spend your time organizing payroll. Fortunately, you can free up valuable hours in your work week by deciding to outsource your payroll.

She spent 10 years working for Shopko in their Price Accuracy Department. Vikki volunteers with Special Olympics as a coach for bowling, track and field and skiing. She also volunteers for the State of Idaho Department of Welfare as an intake host for children being placed into foster care.

For the businesses that have grown to the point that they need more visibility in their financial reporting, requiring more complex bookkeeping and more communication. We will setup your QuickBooks correctly from the beginning to save your business money and produce timely accurate information for your critical business decisions. Her experience is broad, having spent eight years in hospitality management for Red Lion Hotels and five years in medical billing; including working for Blue Cross of Idaho.

This means that if you are audited by the IRS you will have a professional there to back you up, help you get everything in order and square it all away as fast as possible. Knowing your residency status is critical to understanding your tax obligations. However, there are other considerations to keep in mind.

She is proficient at collecting payments and managing accounts. She is pursuing entrepreneurship management at BSU and she brings fresh and modern insights for bookkeeping from her academic background. She has proven her value and expertise in our office. Ilir Nina, the owner, is a seasoned CPA and Enrolled Agent with extensive expertise.

Or pay through e-file providers that offer free direct debit. We had used a few previously and just weren’t very happy with the way our taxes were handled. We don’t have crazy taxes, either… standard 1040 and a schedule C.