Enduro Financial

Just a heads up: Daylight Saving Time starts Sunday, March 9! Don’t forget to set your clocks an hour ahead. It might take a little getting used to, but those longer, brighter evenings are on their way. As we move into spring, remember we’re here if you need anything. Here’s to more sunshine! ??

?? IRS Red Flags: What’s Putting You at Risk? Worried about an IRS audit? Here’s what the IRS is looking for: ?? Unreasonable S-Corp salary ?? Large deductions without documentation ?? Mixing personal and business expenses Remember, a tax strategy implemented with less than 100% accuracy is always 100% wrong! It takes knowledge, wisdom, and experience to navigate taxes. The best way to reduce your audit risk? ? Pay yourself a reasonable salary. ? Set up an Accountable Plan. ? Keep detailed records. If the thought of an audit keeps you up at night, let’s fix that. https://lnkd.in/emEj-CCW

Great guide! Proud to be part of Mark’s certified Main Street Tax Advisor network.

?? Why Q1 Is the Most Important Time for Tax Planning Think tax planning is only for year-end? Think again. The best savings happen in Q1. ? Set your S-Corp salary. ? Make estimated payments. ? Start an Accountable Plan. Waiting until March or April means you’re already too late to implement many strategies. Tax planning isn’t something you do once a year. It’s a year-round process. Let’s start the year strong—and save you more in taxes. ?? https://lnkd.in/emEj-CCW

When planning for retirement, one of the most common concerns is ensuring your savings last. The 4% rule is one approach to sustaining wealth in retirement. Swipe through to learn more. Let us help tailor a strategy that aligns with your goals. Contact our team today.

Do you have your bracket handy? No, we’re not talking about those of the sports variety! Instead, we’re referring to 2025 tax brackets, an important aspect of your financial strategy for the year. Read the graphic to find your expected tax bracket, and feel free to save this post for future reference. As always, if we can be of help, don’t hesitate to give the office a call.

?? Idaho Parents: Big Tax Savings for Homeschooling & Private School Families! ?? Idaho’s new Parental Choice Tax Credit (SB93) is officially law! ?? This means eligible families can receive up to $5,000 per child in refundable tax credits—$7,500 for students with special needs—starting in the next tax year. Who Qualifies? ? Parents with kids in private school or homeschooling ? Families earning up to 300% of the federal poverty level (around $96,450 for a family of four) get first priority ? In future years, priority will go to families who have previously received the credit How Does the Tax Credit Work? ?? Up to $5,000 per child can be deducted from your Idaho tax bill (or refunded if you owe less than the credit amount) ?? Applies to qualified education expenses like tuition, curriculum, tutoring, and more ?? This does not take money away from public schools—Idaho is still investing heavily in K-12 education How to Start Preparing NOW ?? Document Everything: Keep receipts for tuition, books, curriculum, and other educational expenses ?? Track Expenses Properly: Use a dedicated folder (digital or physical) to organize qualifying expenses ?? Talk to a Tax Professional: Maximize your tax savings and avoid mistakes At Enduro Financial, we specialize in helping Idaho business owners and families navigate tax savings and build financial security. If you have questions about how to qualify for SB93, what counts as an expense, or how to maximize your refund, let’s chat! https://lnkd.in/emEj-CCW ?? Drop a comment or send a message [email protected] to get started! #Idaho #TaxCredit #Homeschool #ChristianEducation #PrivateSchool #FinancialPlanning #EnduroFinancial

?? How an Accountable Plan Can Save You Thousands Are you mixing personal and business expenses? Things like: ?? Mileage ?? Home office ?? Cell phone ?? Meals Without an Accountable Plan, these reimbursements could be taxable income. But with one in place? ? You can reimburse yourself tax-free. ? Lower your taxable income. ? Reduce your audit risk. Most business owners don’t even know this exists—and that’s because their CPA isn’t talking about it. Let’s change that. https://lnkd.in/emEj-CCW

?? Think Your CPA Has You Covered? Think Again Most business owners assume their CPA is handling their taxes. But here’s the truth: Tax filing is NOT tax planning. CPAs focus on compliance—making sure your returns are filed correctly. But who’s helping you proactively reduce your tax bill? That’s where tax advisors come in. ? We look for ways to save you money. ? We help you implement strategies like the Augusta Rule, accountable plans, and R&D credits. ? We make sure you’re paying less—legally. If you’ve ever been frustrated by your tax bill, ask yourself: Do you have the right person on your team? https://lnkd.in/emEj-CCW

In honor of Black History Month, we’re celebrating the powerful legacies of Black leaders who shaped the labor movement. Whether it’s historic figures like Mary McLeod Bethune and A. Philip Randolph or modern-day changemakers like Chris Smalls, these individuals have fought for justice, equality, and better lives for workers. Swipe through to learn more about these extraordinary leaders and their impact. Together, let’s honor their legacy and continue the work they started.