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Financial Services

Accounting firms grapple with unprecedented impact of coronavirus (access required)

For the accounting industry, this has been a tax season like no other in memory. Typically, the weeks leading up to April 15 are an endless succession of long hours in the office, meeting with clients, gathering tax information, filling ...

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COVID-19 small business loan program already broke

Less than two weeks after it launched, the CARES Act’s $350 billion has already been allocated, leaving many businesses— including some in Idaho — out in the cold. On March 27, President Donald Trump signed the federal Coronavirus Aid, Relief, and Economic ...

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Could working from home impose new state tax liabilities? (access required)

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The flurry of stay-at-home orders imposed recently by most state governors could create a tax problem, but it isn’t clear how much of an issue it could be in Idaho. The problem is “nexus.” When a company has a “nexus” ...

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CARES Act loans coming through for Idaho small businesses

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Henry Yun, owner of Green Leaf Cleaners, an eco-friendly dry cleaner in Eagle, was relieved when his loan from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act program came through this week. “The survival of my business was completely ...

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Idaho financial institutions deal with COVID-19 coronavirus (access required)

photo of drive-thru

In response to COVID-19, a number of banks and credit unions are taking steps to protect their customers and employees, including converting to drive-thru only, limiting hours and closing some branches. “We are hearing from both credit unions and banks ...

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