As a company we prefer to stay politically neutral. That becomes extremely difficult as tax experts when tax policy becomes a political tool on both sides of the isle. That being said, we usually disagree with any sort of tax increase. They just go counter to our mission to save small businesses from paying too much in taxes. Perhaps more importantly is the impact you…
We got this question from one of our gym owners the other day. “Wait. I have to file property taxes on my equipment?” And unfortunately, the short answer is… Probably. I’ll get to that later. We’ve all heard the familiar quote, “Nothing is certain, except death and taxes.” Even The Game of Life makes you pay taxes. Except the board game…
Why would you want to think about tax strategies when the years almost over? Year end planning is too often a missed opportunity to further improve your current tax situation and plan for maximized tax savings next year. That’s a lot of value for just one meeting with your accountant. Most of our clients think tax strategy boils down to deductions. That makes…
Every business owner wants to know how to save on taxes. They are the bane of our existence. For better or for worse, taxes have to be paid to keep your business going. Our job is to make sure you don’t overpay the IRS. As you’ll see in an example later on, they are takers, and you won’t get that money back. A big problem…
The proper business entity will save you tons on taxes. Let’s start with why. Why would corporations and LLCs be good for small business taxes? It’s quite simple. If you don’t have any business structure whatsoever, then you are very likely operating a business illegally AND missing out on huge money saving opportunities. (We also have this brief video summarizing why they are important.)…
To implement the Profit First system with a new client, we have 4 initial meetings to get everything straight and everyone on the same page. We’ll go through our entire implementation process over the course of 4 blog posts. You’ll know how to implement Profit First for yourself. Bookkeeping Review Profit First is only as good as the bookkeeping history. To make the…
Incite Tax & Accounting is a Certified Public Accountant (CPA)firm with offices in Sandy, Utah. With over 10 years of experience handling business taxes for large and small Utah companies, Incite Tax is one of the most qualified business CPA firms in all of Utah. No matter your tax needs, Incite Tax is the firm for the job.
Incite Tax believes in sticking it to the IRS. If you’re looking to better your financial situation contact us!
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