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Accounting and Bookkeeping Services for Idaho
1-800Accountant, America’s leading virtual accounting firm for small businesses, manages all of your demanding bookkeeping and accounting tasks with comprehensive end-to-end services designed to support and expand your small business in Idaho.
Our Accounting Services for Idaho Small Businesses
Business Tax Preparation: Get your taxes expertly prepared and filed by a CPA experienced in your industry so you always feel secure about your business tax situation. Our CPAs, with more than 17 years of experience on average, can save your business thousands annually when you delegate the complexities of Idaho tax preparation to them!
Bookkeeping: Strengthen your financial foundation and manage cash flow with meticulous, error-free bookkeeping done for you that saves time and provides critical data-driven business insights. This detailed approach offers the best tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop essential financial models.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business CPA. Strategic planning helps minimize your business tax liability in Idaho throughout the year while ensuring compliance.
Payroll: Save numerous hours each pay period with our comprehensive payroll service handled for you with regular tax submissions to the state of Idaho, ensuring accuracy and allowing you to focus on other vital areas of your business.
Business Formation: Experience the benefits of officially establishing your business in Idaho with our complimentary incorporation service. You only cover the state fees, and we manage the rest. This puts you on a path to hire employees, open a business bank account, and enjoy an optimized business tax structure and maximum tax savings.
Idaho Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 5.80% | $0 |
When Do You Have to File Business Tax Returns in Idaho?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| The 15th day of the fourth month following the close of the taxable year | The 15th day of the fourth month following the close of the taxable year | The 15th day of the fourth month following the close of the taxable year |
LLC Renewal Dates and Fees in Idaho
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $100 | $0 (must still file an annual report) |
Single Filers - Idaho Tax Rates and Brackets
| Single Filer Rates | Single Filer Brackets |
|---|---|
| 5.80% | $0 |
Single Filers - Idaho Exemptions and Deductions
| Standard Deduction (Single) | Personal Exemption (Single) |
|---|---|
| $14,600 | n.a. |
Married Filing Jointly - Idaho Tax Rates and Brackets
| Married Filing Jointly Rates | Married Filing Jointly Brackets |
|---|---|
| 5.80% | $8,978 |
Married Filing Jointly - Idaho Exemptions and Deductions
| Standard Deduction (Couple) | Personal Exemption (Couple) |
|---|---|
| $29,200 | n.a. |
What to Look for in Idaho Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Idaho small business, you should consider these factors:
Understanding of Idaho State Tax Laws: Ensure the financial professional you select is knowledgeable about Idaho's specific tax regulations, including state income tax and sales tax provisions, to manage liabilities and compliance effectively.
Familiarity with Local Agricultural and Mining Industries: Given the prominence of agriculture and mining in Idaho, select a professional with experience in these sectors who can provide financial advice tailored to these industries’ unique challenges and exclusive opportunities.
Expertise in Business Incentives and Credits: Identify an accountant who is familiar with state-specific incentives, such as investment tax credits and other local economic development programs, that can benefit your Idaho-based business.
Experience with Small-to-Medium-Sized Enterprises: Your financial professional should have a strong track record with SMEs, as they can offer more personalized service and are often more attuned to the challenges faced by smaller businesses in Idaho’s economic climate.
Capabilities in Multi-State Operations: If your business operates across state lines, particularly in Washington and Oregon, find an accountant skilled in handling multi-state taxation and regulatory compliance.
Serving Small Businesses Throughout the Entire State of Idaho
- Boise
- Idaho Falls
- Twin Falls
- Nampa
- Pocatello
- Moscow
- Meridian
- Lewiston
“I’ve been fortunate to have great accountants who care, get back to me very timely, and believe they do a great job getting the most money back they are able to.”
Sal
Actual customer testimonial. Photo is illustrative only.
Additional Idaho Accounting Resources:
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions Owners Are Asking
Talk to a business tax expert today for all your tax needs in Idaho.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.