If you’ve asked yourself this question before you’re not alone. Many people think that a CPA or accountant and a Financial Advisor are one in the same, but that is not the case. Although some of their knowledge may overlap and there are some professionals that may be licensed for both, there is a distinct difference. So, what should you expect from your Accountant vs…
Small businesses make up about 99% of all businesses in the U.S., but only about 35% of those small business owners have a retirement plan in place. Most working Americans can contribute to retirement through an employer sponsored 401k or similar plan. But being self-employed or as a small business owner you are kind of on your own when it comes to setting aside money…
We hear from our clients quite often, “I’m good at making money, but not at keeping it.” This is a great problem to have and not at all uncommon. When you think about it, saving money is the real issue. That probably sounds ridiculous because saving money is easy. Everyone knows how to save money. You just might not be disciplined enough to do it….
Now that we just saved you a ton of money on your taxes, have you thought about what you’re going to do with all that saved cash? If you’re anything like me, planning your next vacation sounds a lot more fun than thinking about retirement. But before you set sail for the Bahamas, consider a few ways you could use that money for your…
Ok guys, hard facts time… You cannot count on selling your gym as your only retirement plan. That’s just not how it works in this industry, unfortunately. The truth, at best, with great systems and resources, I have seen gyms sell for just a little more than their annual revenue. Typically, however, a gym would normally just be purchased for its assets. …
Cash Out Without Selling Out The Human Dimensions of Exiting a Business Provided By: Jake Rust, Northwestern Mutual Of all the things an entrepreneur thinks about, exiting the business isn’t usually top of the list. Yet without a formal succession or transition plan, a closely held business risks not only its longevity, but also its bottom line. That’s because a lot can happen along the…
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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