By Sunny McIntosh Having kids can be such an amazing experience. Kids enrich our lives with all sorts of predictable and unpredictable challenges. But they can be really expensive! If you own a business, consider hiring your kids. Teaching them life lessons related to money starting young will not only be good for them, but also hopefully mean they won’t be living in your basement…
If you operate as an S corporation, you have some different compliance hoops to jump through then if you were a sole proprietor or had created a partnership structure. One of those “hoops” is making sure you are paying a “reasonable” wage to yourself. The IRS says, “An S corporation shareholder who performs more than minor services for the corporation will be its employee for…
We had a client buy a piece of equipment for his business. This piece of equipment happens to be handicap accessible. So we looked into it and there happens to be a tax incentive in doing this. IRS code sections 44 and 190 explain how a business owner can get a tax credit and/or tax deduction if they improve accessibility to their facility. So let…
Incite Tax & Accounting is a Certified Public Accountant (CPA) firm with offices in Draper, 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.
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