Thursday, March 9, 2017

Idaho Falls Tax Preparation with Poston, Denney, & Killpack, PLLC

Idaho Falls tax preparation season is just around the corner. At Poston, Denney, & Killpack, PLLC we want to help you get the most from your refund and make the most of your hard earned dollars. Often the first step to making the most of your finances is having a professional help you figure out the ins and outs of your accounts and taxes. Read on to find out what a certified public accountant (CPA) can do to help your finances both personally and professional.

What is a certified public account responsible for?

A certified public accountant or, CPA, is responsible for analyzation and preparation of financial reports for individuals and companies. A CPA will audit financial reports for compliance with tax laws and review financial information to make sure there are no inconsistencies. Some of the primary responsibilities of a CPA include:
  • Maintaining financial records
  • Auditing financial information
  • Overseeing budget and financial management
  • Bookkeeping
  • Preparing government audits
  • Tax preparation
  • Financial planning
  • Advising advantageous methods for money saving
  • Ensure taxes are paid on time and late without fees
  • Auditing accounts for errors, fraud and overspending
  • Create reports for financial information
  • Create and analyze budgets
  • Advise businesses on tax ramifications
  • Act as a consultant
  • Oversee accounts
  • Forecast financials
  • Investigate discrepancies
  • Provide strategic planning
  • Fraud prevention
As you can see, the list of services a CPA can provide is impressive. The services you will need will depend on your financial goals and your individual situation. Not all certified public accountants provide all the services listed. For your Idaho Falls tax preparation you may only need help with a few tax items and accounting advice. If you own a business, your Idaho Falls tax preparation and financial planning may be more involved and require more services from a CPA.

A certified public accountant is held to a very high professional standard by their state boards of accountancy. They are also required to follow a strict Code of Professional Conduct requiring them to act with integrity, due diligence, utmost competence and fully disclose any conflicts of interests at any time. You can have complete ease of mind when you have a CPA looking into your financial situation and helping you with tax preparation.
Poston, Denney, & Killpack, PLLC understands that taxes and finances can be like trying to read a different language. Look at a CPA as your translator. Not only will a CPA help you understand your taxes and finances, but they will make you the master of your money. Idaho Falls tax preparation season does not need to be a stressful experience! A CPA can give you the peace of mind and guidance that your personal or professional finances need.  Want to learn more about the services available from a CPA at Poston, Denney, & Killpack, PLLC? Stop in or give us a call today and we can help you on the path to financial peace of mind.

Can a CPA help with your taxes?

Are you considering hiring a CPA but wondering if it is really worth it? Maybe you are accustomed to dropping numbers into software and letting a computer do your tax calculations.  Have you ever wondered if you are missing something as you click submit? While a good CPA may cost you more than popular software, it is an investment that will pay off in the long run. A CPA will do more than just fill out your forms for you; they will analyze the situation to look for tax savings opportunities. Not only that, but they will help you plan for next years Idaho Falls tax preparation. A great certified public accountant will become one of your most trusted financial advisers.
For the most part, people tend to have a base level understanding of how to do their taxes. With most simple tax returns people have enough knowledge to fill out the tax documents with online software and turn in their tax return with relative ease at a click of the button. On the other hand, there are individuals that have more complicated returns that make Idaho Falls tax preparation somewhat of a living nightmare.
Keep in mind that there is a big difference between a Certified Public Accountant and a Tax Preparer. During tax season there are plenty of advertisements for tax preparation services. If you chose one of these services you are not going to get the a full benefits of  an accountant or CPA. A tax preparer will do little more than ask you the same basic questions as the most popular software available.

Individuals and businesses can take advantage of the knowledge of a certified public accountant to help turn around their money management tactics and receive crucial insight for tax preparation, personal financial planning, and advice for developing effective accounting systems.
If you have ever wondered if you are getting the most from your tax refund or if you think you may owe taxes for the year and want to save as much as possible and avoid owing the following tax year, you may want to consider hiring a Certified Public Accountant for your Idaho Falls tax preparation needs.
Not everyone will see a substantial enough benefit from hiring a certified public accountant for their Idaho Falls tax preparation to make it worth the cost. There are some scenarios that would likely make the investment of a Certified Public accountant worthwhile.  Some of these include:
  • Business owners
  • Marriage
  • Divorce
  • Having children
  • Buying a house
  • Changing jobs
  • Receiving an inheritance
  • Retirement preparation
  • Rental property ownership
  • And other taxable investments
These, and other unique circumstances or life changes, can make Idaho Falls tax preparation a major headache and lead to unwanted surprises, such as owing thousands of dollars to the IRS. A Certified Public Accountant can really help you navigate the tax documents and help you find every tax break you can.

Why should you use a certified public accountant for Idaho Falls tax preparation?

Let’s face it. No one likes to do their taxes. It’s stressful, especially when the numbers are not going your way and what you hoped would be a refund turns into a check YOU have to send the IRS.  Although not everyone will see a large enough benefit to justify the investment of hiring a Certified Public Accountant, for many people having a CPA help with your financial planning and tax preparation can provide a large return over the years as your dollars start working for you.
A certified public accountant will take a lot of stress out of Idaho Falls tax preparation season because they do this for a living! You know your taxes and financials are in good hands, which gives you peace of mind on April 15th.

All Certified public accountants have passed the arduous CPA exam and carries a license that must be renewed to keep them up to date with continuing educational credits. When you have a CPA scanning your tax documents looking for deductions and ways to save you money, you can be sure that they are in the know of the latest tax laws that will give you the best refund. They will be able to analyze your finances and spot problems that may cost you down the road.

If you are a business owner, you will likely see the greatest return on hiring a CPA to help with your Idaho Falls tax preparation. As a business owner there are so many available deductions and facets to financial planning that are nearly impossible to keep up with you are already busy running your business! A CPA can really be a valuable advisor for business owners by helping them get the most from their taxes, avoid penalties, and other accounting needs.


Making the Most of a CPAs Services

Everyone is on a budget. Here are some ways to get the most from working with a CPA for your Idaho Falls tax preparation. This may sound like a no brainer, but don’t lie to your CPA. According to The American Institute of Certified Public Accountants (AICPA), “It’s like lying to your doctor, it only hurts you.  Sometimes clients can be embarrassed to share information like gambling earnings or certain medical expenses.  Your information is private and helps your CPA determine the best way to claim that expense or report those earnings.” Most CPAs Charge by the hour, if you have decided that your taxes are complicated enough that you a CPA would be advantageous, get organized before you go! AICPA recommends “If you have a lot of contributions to deduct, consider providing a simple spreadsheet with the donations listed along with documentation.  This could lower your bill considerably.”  Once you have decided to hire a CPA find someone that you are comfortable with and stick with them! When you work with the same CPA year after year and check in with them through the year with questions they will be more likely to catch errors and know what changes to ask about to help you get the most deductions possible.
If you are ready to take the next step to find about more about what a CPA can do your Idaho falls tax preparation give us a call today at Poston, Denney, & Killpack, PLLC to schedule an appointment.

Thursday, January 5, 2017

2016 Idaho Falls Tax Preparation Services


2016 Tax Preparation Services in Idaho Falls


Start your year off right by understanding how and when to file your 2016 tax returns and by learning more about Idaho Falls 2016 tax preparation services. With the ACA mandate, penalties for late filing, and small business tax procedures, having correct information will allow you to put your best foot forward this year. Even though this year we will be getting 3 extra days to have our taxes filed, being prepared with the best information that will get you the most money back is in your best interest. This year the deadline for taxes falls on April 18th instead of April 15th. April 15th falls on the weekend and that following Monday is an observed holiday, so taxes will need to be filed at the latest on the Tuesday. But there is no need to wait until then, January 23rd is the date that the IRS will start taking electronically filed taxes (e files). Some other important dates to mark on the calendar for your 2016 tax preparation services in Idaho Falls are:


  • January 31st - By this date, you should have received a W-2 from your employer. If you have not received a W-2 by this time, contact their Human Resources department or Head of Payroll to have your tax documents resent.
  • February 1st - This is the deadline for 1099 statements. This is the last day for any self employed peoples to file their 1099 statements and pay their estimated fourth quarter tax. This also includes 1099 statements in regards to bank interest, non employee compensation, and retirement dividends and distributions.
  • February 16th -  Financial Institutions need to have mailed out 1099-B, 1099-S, and 1099 MISC forms.
  • March 15th - S Corporations and Partnership filings are due at this time.

Extension Requests for 2016 Tax Preparation Services in Idaho Falls

For people that are planning to request extensions on filing their taxes, there are some later dates that you will want to be aware of. If you know that you will not be able to file your taxes by April 18th, you can request an automatic 6 month extension on your taxes. However, even with this six month extension on filing your taxes, you will still be expected to pay the amount owed by April 18th. If you do not pay what you owe by this date, an interest incurred will be paid and you may be subjected to penalty fees.  An extension request will have need to be filed no later than April 18th. Dates for extensions on taxes included:
  • June 15th - The last day for U.S. citizens or residents who are living abroad to file their taxes. If not filed this day, they can request a four month extension.
  • October 15th - This is the last day to file taxes if a six month or four month extension was approved. These must be filed before tax day on, April 17th.
To file extension requests, you will need to file a Form 4868 before tax day. It is important to note when getting ready to prepare an extension request, that you do not need to request it just because you cannot pay the amount you owe by April 18th. Filing taxes late can result in two different penalties:
  • Failure to File Penalty - normally this penalty will cost you 5% of your unpaid taxes for every month you do not pay what you owe. The maximum amount this will reach is 25%. If you decide to wait until after 60 days to file your taxes, it will cost you the smaller of the two amounts, either $135 or 100% of your taxes.
  • Failure to Pay Penalty - This penalty is ½ of one percent of your unpaid taxes for each month they are not paid. If by the time you do file your taxes and you have paid 90% or more of the amount you owe, you may not face this penalty at all.
Filing your return on time and paying as much as you can, will help you to avoid extra interest costs and any penalties you could face. That is why it is important to file your taxes as soon as you can using your 2016 tax preparation services in Idaho Falls. If you have any questions concerning your taxes, an experienced tax preparation CPA at Poston, Denney & Killpack can help you with your tax concerns.




Understanding the ACA for Idaho Falls 2016 Tax Preparation Services

The Affordable Care Act (ACA) has been around since 2014 but some of us are still unsure how we need to file for it for our 2016 tax preparation services in Idaho Falls. Basically, it is important for everyone - dependents included, to have health coverage that meets the minimum requirements for health coverages as mandated by the ACA. For individuals that do not meet the minimum requirements for the Affordable Care Act, they could potentially need to pay a penalty for non compliance. Here are some of the minimum requirements needed for ACA:
  • Self insured plans, including COBRA coverage and retiree coverage

  • Insurance that has been purchased by the individual
  • Medicare Part A, Medicare and Advantage Plans, and most Medicaid plans
  • Children’s Health Insurance Program (CHIP)
For information for other types of insurance that meet the requirements of ACA you can go here, to see if you are complying with the mandate for your 2016 Idaho Falls tax preparation services.

2016 Idaho Falls Tax Preparation Services for Small Businesses

Depending on what type of business entity you own, will determine what type of form you need to file your taxes. Regardless of your business type, whether it is an LLC company, you are self employed or a sole proprietorship, you will file your taxes using a very similar formula. First you will want to get all your records in order and know what type of business credits you can apply for you 2016 Idaho Falls Tax preparation services. When you own your own business you will also deal with business expenses, for this reason you are able to deduct certain expenses from your business that are deemed necessary. Some of those deductions can include:

  • Storage
  • Gas mileage
  • Factory Overhead
  • Storage
  • The cost of raw materials and supplies
There are more things that you can deduct from your business expenses, to find what those are you can visit here. Owning a business is not the only way to deduct expenses from your taxes, for your personal taxes there are also deductions that can be made these can include, student loan deductions, homeowners deductions, and tax credits for healthcare.

We Want to Help With Your 2016 Tax Preparation Services in Idaho Falls

Poston, Denney & Killpack want to help you stay organized and we are able to handle the task of getting you the most money from your taxes. Even with all the information out there it helps to have a qualified tax preparer answering your quest you along the way. If you would like information about our Idaho Falls 2016 tax preparation services call us at (208) 522-0886 for your free consultation today. 

Friday, October 21, 2016

Get to know the 1099 Misc.

Tax season is almost upon us, as an Independent Contractor, the sooner you get organized the easier tax filing will be for you. If you are self employed you will want to get started on you Idaho Falls tax prep as soon as possible. If in the previous year you were self employed and earned over $600 annually you will need to file your taxes a little differently than you may have in the past. Being self employed entitles you to file deductions for your work and may also require you to pay income tax more than once a year depending on how much income you bring in. If you are an Independent Contractor you will want to file your taxes on a 1099-MISC form instead of the regular W-2 form.

1099 Misc Form from 2015

One of the differences between filing a 1099-MISC form as opposed to a W-2 form, for your Idaho Falls tax prep, is that you are able to claim any deductions that the IRS deem necessary and relevant for your work. If you are required to drive for the type of work you do, you will be able to write off your gas mileage for that year. As of 2016 the IRS will pay for 54 cents per mile for business purposes and 19 cents per mile for moving or medical reasons. You will want to keep a mileage log so that when you do file your taxes this information is readily available to you. Taking detours along the way, to the gas station or a department store are things that you won’t be able to write off, so make sure that your log is accurate and you're not giving false information.


The IRS will only deduct ordinary and reasonable work expenses from your taxes. For example, if you need to travel to Las Vegas for work you can deduct things like your hotel and flight for your business, but probably not the Cirque Du Soleil show you go see. If your deductions equal or are less than $5,000 dollars you can use the shorter Schedule C-EZ form, anything above $5,000 you will want to use the Schedule C to file your claims.

Idaho Falls Tax Consultation Services

Staying organized is key when filing your taxes as an Independent Contractor. Clients will not withhold taxes for Medicare or Social Security when they pay you, so it is your responsibility to make sure you have money saved to pay for these. These expenses will be on your Schedule SE form, which must be attached to your taxes. You are required by the IRS to pay these, so keeping money out for these expenses when tax season does come around will be crucial. Depending on how much you make within the year, how you file your taxes, and the tax withheld from other sources of income will determine if you are required to make up to 4 payments of income tax to the IRS within the year instead of just one. Being prepared by saving from each of your checks will make this a lot easier if you are in fact required to pay more than once in a year. Using a 1040-ES form will help you to determine if you are required to pay in more frequently.


To calculate your taxable income you will need to take your total self employment income (this can include other income that is not included on your 1099-Misc ) and subtract your total deductible income. This will be calculated with your other combined earnings and transferred onto a 1040 form to help you find out your final net profit for that year.

Next: What Deductions Can You Claim When You File 1099

Thursday, September 8, 2016

Poston, Denney, and Killpack, PLLC: Finding the Right Certified Public Accountant in Idaho Falls

Certified Public Accountant in Idaho Falls
When considering a Certified Public Accountant there are some important factors to consider. A Certified Public Accountant (CPA) can offer a wide range of financial service needs from personal wealth management to performing business taxes. Before choosing a CPA you’ll need to determine you personal or professional needs.

Our business consultants at Poston, Denney, and Killpack, PLLC would like to help you choose the best Certified Public Accountant by taking a closer look at the following factors:

  • Number of services offered
  • Number of Certified Public Accountants available in the office
  • Communication
  • Experience level and Qualifications
  • Education
  • Reputation
  • Cost
  • Value

Room to Grow: Number of Services Offered


Certified Public Accountant in Idaho Falls
Choosing a CPA for personal use such as saving for college, personal finance and tax return preparation, and estate planning is an important decision. CPAs are considered to be the most trusted financial advisers with a respected code of ethics and integrity. Doing your due diligence of research your options for a CPA is just as crucial for personal use as it is for your business.

If you are looking for a CPA for your business’s accounting needs it would be wise to consider the amount of growth the office can handle. Although your business may start out small, keep in mind that hiring a CPA could lead to business growth you may never have expected, if you hire well. A one on one contact may work well for you, however if you are hoping for substantial business growth you may eventually need a team dedicated to your account. Consider the big picture of your needs for your business. Does your business just need a tax return prepared and year-end financial information? Or are you looking for more financial planning advice or help with your business plan? It would be helpful for you to consider some of the following questions:

  • Will the firm be able to take my business from a small start up to a mid to large level business?
  • If the workload exceeds that which an individual CPA can deal with, who will be assigned to my account?
  • What business have they worked with in the past or currently that are similar to mine and how are the performing?
  • What other services could be helpful in the future for my business?
  • Does the firm seem genuinely interested in my business?

Someone To Talk To: Availability of CPA’s in the Office

Certified Public Accountant in Idaho Falls

At Poston, Denney, and Killpack, PLLC we know how busy tax season is for business owners and accounting firms alike. Not surprisingly, the tax season is a busy time for CPA’s. Knowing that there will be someone available for you to ask questions and inquire for information is an important consideration. A firm with several experienced CPA’s is more likely to have an accountant available for you to speak with during busier times. If you only need a CPA for personal tax return purpose, a single individual will fit your purposes well. If your business is growing and you are in need of other services and regular assistance, a larger accounting firm could be the right choice.
Confidence: The Importance of Communication

When looking for a CPA, whether for a large firm or for your individual needs, it is essential to find someone with whom you can establish a healthy working relationship. A Certified Public Accountant can be beneficial addition to your business or personal finances, readily providing answers and assistance.

However, while you do not need to be on excessively friendly terms with your CPA, to take full advantage of their expertise, you will need to remain in regular communication, which is why it is very important to keep looking if you do not feel comfortable maintaining a communicative relationship with you current CPA.

Industry Know-how: Is Your CPA Experienced and Qualified?


When you are looking for a CPA it is important to consider if they have expertise in your particular industry or even a similar industry. With experience in the industry your CPA will have important insights for your growing business. If you want advice on business finances, a CPA that specializes in individual tax returns is not going to be able to help you the way that you need. How can you find out if a CPA has the experience that will best benefit you and your financial needs? Asking straightforward questions about their professional experience and let them explain to you how their expertise will be a beneficial for your financial relationship. You can investigate a CPA further by looking at their online CPA profile pages to see their past education portfolio and any current memberships.

Education and Keeping up With the Times


A Certified Public Accountant will have achieved an undergraduate degree and passed the exam and experience requirements for state certification. Continuing education is an important part of a CPA maintaining their certification. Their continuing education requirements keep them up with the changing accounting standards. In addition to keeping up their education in accounting, once every three years, a CPA’s accounting and auditing practices are thoroughly reviewed by their peers to ensure they are maintaining their professional integrity.

Another important consideration is whether a CPA is a member in the American Institute of Certified Public Accountants. Membership requires accountants to continue their professional education by taking approved course work that will keep them current on the latest accounting and taxation policies.

Ask Around: Great Service Leads to a Great Reputation

Certified Public Accountant in Idaho Falls

It is a great idea to ask around about the experiences your friends and business associates have had with their accountants. A referral from a trusted source is a great way to know that you are on the right track for getting involved with an experienced and reputable CPA. Ask if your friends and associates hear from their accounts not only at tax time but also throughout the year with advice or important proactive and helpful information. Getting the best value from your accountant will mean that they are forward thinkers that provide great service.

If you are having trouble finding a referral from people you know, consider asking people in a similar industry as you for referrals of their accountants. Explain that you are looking for a trusted accountant with expertise in your particular industry.

Remember that your accountant is meant to be a trusted advisor for either your personal finances or your business venture. The relationship between you and your accountant needs to be a trusting one so that you can reap the greatest benefit from the relationship.

Even with a great referral from a trusted source be sure to take time to interview firms and the individual candidates. Don’t be shy! This is your financial future and you want to do all that you can to ensure that it will be in good hands. Ask for additional references and follow up with them. Before you make a decision, be sure to interview at least three CPS’s. Perform your due diligence to get your personal or your business’s financial future off to the best start with a great Certified Public Accountant.

Cost: Be Sure to Check Out the Competition


Money, money, money! Accountants are great with numbers and that is why you are paying them. Inquire about hourly rates and fees. Request quotes for what you can expect to pay for services. Compare rates with several professionals before settling on one. You may save you or your business a whole lot of money by taking this important step in your decision making process.

And Above All, Value

Certified Public Accountant in Idaho Falls

At Poston, Denney, and Killpack, PLLC we would like to leave you with this thought, that the most important aspect you must consider as you search for a Certified Public Accountant, is the value they bring to the relationship. A CPA should be helping your business to grow, should be ensuring that your tax returns are the highest they have ever been, should be supplying you with peace of mind during the stressful tax season by knowing your accounts are in competent hands. Whatever the reason that you have sought out a CPA, you need to see that they are bringing indispensable value to your professional relationship.

If you are in search of a CPA in the Idaho Falls area, Poston, Denney, and Killpack, PLLC is here to help if you have further questions on how to choose a CPA that will best meet your needs. We want to help you get the most out of your personal or professional finances and our professionals know how to get you there. Ask us for our references, additional services for both your personal and business finances. For your business needs we have great services for small business accounting, help with strategic business planning, cash flow management and everything you need to get your business off to a great start. We are here to make your money work for you.

Monday, May 2, 2016

So... what exactly is a tax refund and why do some people get more than others?

tax refund
There are dozens of them scattered around town. You know, at those kiosks at the shopping market. Others are located in shopping centers and strip malls often accompanied by a mascot or costumed person dancing with and waiving signs. We see them really get into marketing gear in January when their pamphlets and brochures begin appearing in your mailbox and email inbox. And they all claim to get you the biggest tax refund possible.

You know who we're talking about - local and national chain tax preparation services. Each and every one vying for your business. Each and every one guaranteeing you your biggest tax refund possible.

While we're not going to review any of these tax prep services or even what they can "promise" you, instead we'd like to cover what a tax return is, why some people get more or less than others, and what you can do to maximize your tax refund.

What a tax refund actually is


In the most basic sense, a tax refund is money given back to you at the end of the fiscal year when you have paid more in your withholding than what you actually owe. In other words, it is the over payment of taxes to the IRS out of each paycheck that is returned to you. Also, it needs to be noted that these also include refundable tax credits you may qualify for.

Why do some people get more in their tax refunds than others do?


Tax Refunds
Many people have circumstances and situations where they will qualify for a "refundable credit." What this means is that, for instance, somebody qualifies for a $2,000 refundable credit and has no tax liability, they will receive a $2,000 refund. The Earned Income Tax Credit is a refundable credit. The Earned Income Tax Credit is a tax credit that people receive if they earn wages in a lower range that has been established by the IRS. People with children usually qualify for this credit and can receive a refund even if their total tax liability is nonexistent.

A "non-refundable credit" is a tax credit that is applied to your total tax liability making it lower. For instance, if you made $3,000 from your employer and is taxed at 25%, you would owe the IRS $750. However, let's say that you qualified for a $1,000 non-refundable tax credit. This credit would be deducted from your total earnings and you would only be liable to pay taxes on $2,000 of your earnings. Taxed at 25%, you'd owe the IRS $500. That ends up saving you $250. If you have paid $750 in witholdings, you'd receive a $250 check back from the treasury.

Finally, there are "partially refundable tax credits." These types of credits often fit both categories of credits and only a portion of the credit can be refunded. As per the IRS:
The American Opportunity Tax Credit (AOTC) is an example of a partially refundable credit. The maximum credit amount is $2,500 per eligible student, per year. If the credit reduces your tax liability to zero, you can receive up to 40% of the remaining credit amount (up to $1,000) as a tax refund.
Obviously, things like deductions for business expenses, income from other sources, and many other factors will determine exactly what your refund will be. If you have any questions about your refund, a good place to start would be contacting a certified public accountant.

How you can get the biggest refund


If you have overpaid taxes in your withholdings, you will be refunded the difference once your total tax liability has been determined. So, in order to receive the most money back in your tax return, there are multiple things you can do. For instance:
  • Do you use your private vehicle for business? If so, your mileage might be able to be deducted from your gross income (before taxes are deducted). This lowers your tax liability.
  • Have you made a donation to a 501(c)(3) organization? If so, these contributions might be deductible. Be sure to keep all receipts!
  • Do you have a home office? Office supplies, equipment, and inventory can all be deducted as long as everything is exclusively used for work.
  • If you are paying alimony, you can write it off. But not child support - that is not deductible.
  • Are you funding an IRA for retirement? Keep doing it because what you pay into your IRA lowers your tax liability. How does this work? Because once you start withdrawing from your IRA when you retire, you will then pay taxes of it due to the fact that IRA withdraws are considered "income." There are some other things to consider with an IRA as well such as the fact that some IRA's have a maximum amount that can be applied to your lax liability. Contact your CPA for more information.
  • Are you paying off student loans? Every year, your student loan lending institution will send you a form  1098-E that details how much you paid in interest payments while paying off your student loans. These interest payments can be deducted and make your total tax liability lower.

Why it's not a bad thing if you don't get a refund


While it's nice to get a big tax refund at tax time, realize that a tax refund is simply money you overpaid to the IRS during the year and they are just giving it back to you. If you don't get a big refund, or even any at all, that simply means that you have broken even. That's a good thing because instead of overpaying each month, you kept more money in your pockets through out the year.

Tax Refunds
If you want to know more about tax refunds and what you can do to manage your taxes, call a professional certified public accountant in Idaho Falls. CPA's like Poston, Denney, & Killpack, PLLC has been serving individuals and small businesses throughout east Idaho for years and can help you get the biggest refund possible. Professional tax preparation can help you manage your tax liability and help you keep more money in your pocket, where it belongs.

Poston, Denney, & Killpack, PLLC offers professional small business tax services to include payroll, accounting, audit compliance and assistance, succession planning, new business formation, and non-profit organization tax management. Call us today at (208) 522-0886 or email us at admin@cpapdk.com and we'll get back to you ASAP. We employ licensed and certified tax preparation experts and accountants all dedicated to the success of your small Idaho business.