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Business News

Tax commission seeing more identity theft on tax returns (access required)


The Idaho State Tax Commission worked with five Idahoans who said they were victims of identity theft in 2011. Last year, they worked with 170 such people. Typically, such cases happen when someone acquires a taxpayer’s Social Security number, then ...

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As pet status rises in households, Idaho bar prepares its members (access required)


Animal law is typically a low-paying specialty, the domain of lawyers willing to trade their time to help an animal. But as pets take on a larger role in the household, and in the share of the household budget, the ...

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Antitrust lawsuit winners seek attorney fees

The winners of a federal antitrust lawsuit against a Boise-area hospital and Idaho’s largest independent physicians’ practice have filed a motion to recover attorney fees. The Idaho Statesman reports  that the Idaho attorney general, Saint Alphonsus Health System, and Treasure ...

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Legal worries spur changes to Commerce’s economic incentives plan

File photo

An economic incentives bill approved by both the Idaho House and Senate was pulled back on March 17 amid constitutional concerns, but a revised version was approved by the Senate two days later. The attorney general’s office had warned that ...

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Two title companies enter growing Twin Falls market (access required)

Two title and escrow companies are expanding into the Twin Falls area, with TitleOne Corp. acquiring Land Title & Escrow and Pioneer Title now offering services in Twin Falls County. Pioneer Title won’t have any offices in Twin Falls, while ...

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Bill to stagger food stamp payouts passes Senate

File photo by Glenn Landberg

Lawmakers said they hope a new bill that passed the Senate 33-2 March 18 will allow Idaho to stagger when food-stamp recipients receive money to buy groceries. Sen. Jim Guthrie, R-McCammon, said spreading out the release of those funds over ...

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Study: Small banks are spending more on compliance (access required)

A new study found that nearly all small banks are spending more on compliance due to legislation, forcing institutions to reconsider offering certain products such as mortgages and overdraft protection. The study by the Mercatus Center at George Mason University ...

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New credit scores are coming soon (access required)

Idaho Independent Bank President Kurt Gustavel. Photo by Pete Grady.

FICO is releasing a new version of its credit score this summer. While the company behind the credit rating isn’t revealing details of the changes yet, the updated rating will likely become a part of Idaho lenders’ decision making when ...

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Accounting board easing some reporting requirements for private companies (access required)


Private companies have called for streamlining the way they are permitted to report financial statements, and it appears regulators are listening. The Financial Accounting Standards Board, an organization charged with creating accounting rules for U.S. companies, has endorsed three changes ...

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Sunwest Bank closing downtown branch (access required)

Syringa Bank is closing its Downtown Boise branch. Photo by Brad Iverson-Long.

A new face in Idaho banking is leaving downtown Boise. Sunwest Bank notified its customers on March 10 that it will close its branch and offices at One Capital Center at 10th and Main streets. Bank CEO and President Chris ...

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