S Corporation Basis

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″] S Corporation Basis An S corporation shareholder reports corporate income or loss on the personal income tax return for the year in which the corporate year ends (Sec. 1366(a)). Losses or deductions passed through to the shareholder first reduce stock basis. After stock basis has been reduced to… Read More

Qualified Small Business Stock

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″ custom_padding=”0px||0px|||”][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″] Qualified Small Business Stock For taxpayers other than corporations, Sec. 1202 excludes from gross income at least 50% of the gain recognized on the sale or exchange of qualified small business stock (QSBS) that is held more than five years. As described more fully below, for qualifying… Read More

IRS Proposes Employer Play-or-Pay Regulations Under Health Care Reform

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″ custom_padding=”0px||0px|||”][et_pb_row _builder_version=”3.26.3″][et_pb_column type=”4_4″ _builder_version=”3.26.3″][et_pb_text _builder_version=”3.26.3″]Employee Benefits and Pensions Near the end of 2012, the IRS issued proposed regulations (REG-138006-12) on the employer shared-responsibility provisions under Sec. 4980H, enacted by the Patient Protection and Affordable Care Act, P.L. 111-148 (PPACA), and sometimes referred to as the “play-or-pay” rule. The proposed regulations address many… Read More

Eastern Idaho Technical College Foundation Names Outstanding Corporate Partner

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″]We are honored to receive this designation. Thank you to the EITC Foundation for all you do to support the quality students and business education in Eastern Idaho.[/et_pb_text][et_pb_image _builder_version=”3.26.3″ force_fullwidth=”on” src=”http://coopernorman.com/wp-content/uploads/2013/04/eitc-award-announcement.png”][/et_pb_image][et_pb_text _builder_version=”3.26.3″]The plaque awarded to Cooper Norman states: “Cooper Norman CPAs and Business Advisors has worked tirelessly to ensure… Read More

Boise Young Professionals is a Quality Organization

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″][et_pb_row _builder_version=”3.26.3″][et_pb_column type=”4_4″ _builder_version=”3.26.3″][et_pb_text _builder_version=”3.26.3″]Boise Young Professionals is a Boise Metro Chamber of Commerce program full of professionals who span the age range of 21-40 years old. They offer opportunities for local professionals to get involved in community and civic events as well as luncheons and other functions geared toward building strong relationships among… Read More

Embezzlers Beware

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″][et_pb_row _builder_version=”3.26.3″][et_pb_column type=”4_4″ _builder_version=”3.26.3″][et_pb_text _builder_version=”3.26.3″] Protect Your Company From Fraud Cooper Norman was brought in by Foothills Dental Care and RiverWest Dental to perform an audit. The embezzlement uncovered by that audit goes to trial March 27th. We would like to recognize Dan Packard, MAcc, CPA, CFE for his excellent work on this case. Detecting… Read More

Cooper Norman Number 2 in IBR Accounting Firms Toplist

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″] Cooper Norman can be found as the second largest accounting firm in Idaho in the Idaho Business Review’s 2013 Book of Lists employing 29 CPAs and 31 other staff. It is an honor to make the toplists, and we extend our gratitude to the Idaho Business Review for this wonderful… Read More

Mike Salisbury and His Team Join Cooper Norman

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″]Cooper Norman is pleased to announce that Salisbury Management Services (formerly known as Lookout Ridge Consulting) has joined our team. The partnership is part of a broader plan to provide family succession planning, financial managment, and business planning services to the agriculture community in Idaho and surrounding states.[/et_pb_text][et_pb_image _builder_version=”3.26.3″ src=”http://coopernorman.com/wp-content/uploads/2013/02/newspaper-photo-af-open-house.png”][/et_pb_image][et_pb_image… Read More

Potato Drive with the Idaho Foodbank

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″]The Idaho Foodbank received 8,000 pounds of potatoes from the Idaho Growers Shippers Association on Friday, January 25th. The IGSA had already delivered 28,000 pounds of potatoes during 2012. Distribution took place at Cummins Family Produce in Twin Falls, Idaho. They were also one of the donors. Members of Cooper Norman,… Read More

Seminar Tackles New Laws Impacting Agriculture on KMVT channel 11

[et_pb_section fb_built=”1″ _builder_version=”3.26.3″][et_pb_row _builder_version=”3.26.3″][et_pb_column _builder_version=”3.26.3″ type=”4_4″][et_pb_text _builder_version=”3.26.3″]Staying Current with the Changing Laws is Important Follow this link to read the full article on the KMVT website. From the Field to Financials 2013 is a seminar Cooper Norman continues to put on throughout the state, adding more locations this year to the roster including Nampa and Burley. The… Read More