How Small Business Can Stay Afloat During COVID-19 While some parts of the country are reopening despite the pandemic, other areas remain in strict lockdowns. If your business isn’t allowed to reopen due to ongoing COVID-19 concerns, you can still keep your business afloat by being resourceful and creative. For business owners who have reopened but are operating with severe limitations, you can find ways…
Tax Planning Strategies You Should Consider before the year is up We know how you like the quick and dirty versions, so we won’t be long winded or technical. Here are a few things to consider when planning to take advantage of the tax code. Deferring Income – In the simplest of explanations, this is postponing income until next year. Maybe that means asking that…
How will you ever choose, 1099 or W2? The IRS created a 20-point checklist that a business owner can use to determine if the new hire is an employee or a contractor. Just because one says he’s an employee or one says she’s a contractor doesn’t make the determination. The whole list has to be considered. Please also note that if you want the new…
Being Smart with the Sale of a business Are you thinking about purchasing or selling a business? Can you determine the outcome before the sale is completed? I had the opportunity to meet with the husband of one of my longest and dearest clients. She had recently married “Francisco” (Not his real name, but I like how it sounds.) Click the image Francisco has…
Deducting Tools of Your Trade You’ve bought the equipment you need for your business right? Perhaps you are still researching what types of tools you’re wanting to purchase. It seems there is always more equipment you are needing to buy to keep the business operating like a streamline butterfly. Why don’t we take a look at the advantages of deducting tools can be for you…
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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