When talking about business entities and the best tax structures for small businesses, the S Corporation comes up a lot. In general, it’s the best structure for small businesses. So, let’s get into all the important stuff about S Corp taxes and setup. Entities, or tax structures, are the S-Corp, LLC, Partnership, Corporation, Sole Proprietor, etc. When it comes to the best entity selection for…
There seems to be a stigma that it’s wrong to use tax strategies or even legal loopholes to make our tax obligation as low as possible. Somehow, they are more patriotic if they overpay on taxes. Is it our job to fill the treasury by paying as much as we can in taxes? I think it might come down to our understanding of taxes. So,…
School is out, the sun is shining, and your kids want to go to an amusement park, possibly in Southern California. You’re also a small business owner and you need to take advantage of every tax deduction you can. So how do you mix business and pleasure? Well, if you’re trying to plan a family vacation and last minute add a couple things so you…
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…
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.
Incite Tax believes in sticking it to the IRS. If you’re looking to better your financial situation contact us!
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