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Federal reform would make firms pay taxes on unrealized income (access required)

Many Idaho law firms would have to switch their accounting methods and pay taxes on income before the money actually is collected, if a proposed federal tax reform makes its way through Congress. The proposal – not yet incorporated in ...

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Banks target retailers for credit fraud losses (access required)

Dan Price, community banking president at Mountain West Bank and president of the Idaho Community Bankers’ Association, with Angie Hagler, vice president and area manager at the bank. Price said retailers should pay some of the costs incurred by banks in recent episodes of credit fraud. Photo by Glenn Landberg

Like bankers across the country, Dan Price saw Mountain West Bank take a direct hit after security breaches at Target and other retailers in recent months. Mountain West had to replace about 2,800 credit and debit cards after it was ...

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U.S. Bank promotes Smith to regional president (access required)

Justin Smith is the new regional president for U.S. Bank in Western Idaho/Eastern Oregon, filling a top post that was vacated more than two months ago when former regional president Joel Hickman left the bank. Smith had been the senior ...

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Sunwest makes Syringa its 5th resuscitated bank (access required)

Photo by Brad Iverson-Long.

After federal regulators closed the failing Syringa Bank Jan. 31, Sunwest Bank was there to pick up the pieces and reopen Feb. 3, with vinyl Sunwest Bank signs draped over old Syringa Bank signs. The sign-swapping was a small part ...

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Proposed law would bring about Internet sales tax, but not in Idaho (access required)

Shoppers buy merchandise at Nampa’s Karcher Mall. While retailers with a physical presence in Idaho remit sales tax to the state, online retailers without a physical presence aren’t required to do so; remittance is the shopper’s responsibility. Proposed legislation would allow some states to collect sales tax from online retailers, but Idaho does not meet the law’s parameters. File photo by Pete Grady.

Legislation headed for the U.S. House Judiciary Committee would help some states collect sales tax from online retailers, but Idaho doesn’t qualify to take advantage of the act’s provisions. The Marketplace Fairness Act, which passed the Senate last year, would ...

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Five signs a customer is in default (access required)

In business, if you’re not getting paid by a customer or client, chances are someone else is. Business owners should be on the lookout for warning signs that a client may default on payment, and take proactive steps to make ...

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US regulators close Syringa Bank

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Regulators closed a small lender in Idaho on Jan. 31, marking the third U.S. bank failure of 2014 after 24 closures last year. The Federal Deposit Insurance Corp. said it has taken over Syringa Bank, based in Boise. The lender, ...

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