Daniel Packard, MAcc, CPA, CFE Discusses Post Fiscal Cliff Issues

[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″]Click on the image below to watch Dan’s interview: An excerpt from Dan’s interview: “Idaho Falls accountant Daniel Packard said at the start of each year, his office at Cooper Norman is full of people waiting to get their finances in order. ‘They’re concerned of the implications that legislation… Read More

Payroll Increase for Employees

[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 2% tax cut on the Employee portion of Social Security withholdings has expired. That means that employees will see an extra 2% withheld for Social Security this year as compared to last year. Employers are urged to implement the change as soon as possible and are required… Read More

Cooper Norman is Cited in The Competitive Position of the Idaho Dairy Industry

[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 knows the Dairy Industry! It’s one of our primary specialties, and we were honored to contribute data to Dr. Scott Brown and Daniel Madison’s report, “The Competitive Position of the Idaho Dairy Industry”. View a copy of the report here: Cooper Norman is cited on page 9:… Read More

Tim Anderson in the Post Register

[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″] A Great Reason to be Excited!!! Tim Anderson joined Cooper Norman as a partner in November of 2012. News of this endeavor appeared in the December 18th edition of the Post Register. Below is the announcement Cooper Norman sent out to celebrate Tim’s arrival: [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Expense Deferral with Related Parties

[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″] Expense Deferral with Related Parties Facts Taxpayer is a 10% owner of an accrual basis S-corporation.  The Taxpayer sold inventory to the S-corporation, but plans to defer receipt of income until after year end.  The S-corporation accrued an expense for the receipt of inventory. Issue Can the Taxpayer… Read More

Reasonable S-Corporation Wage

[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″] Tax File Memo Reasonable S-Corporation Wage Facts The taxpayer is a medical professional engaging independently in profit-generating activities within his S-corporation.  The S-corporation does not employ any other individuals, and all cash inflows are related to his activities. Issues What constitutes a reasonable wage? Conclusion The taxpayer will… Read More