Don’t Miss Out on These Overlooked Tax Deductions Most people and especially business owners are thinking about taxes right now. Some are even on google right now trying to find the best overlooked tax deductions so they don’t get whip-lashed by their tax bill. Some of the questions on everyone’s mind, and probably yours are: “How much am I going to owe?”, or “Will I…
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…
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…
Looking At That Vacation Expense in a New Way. Time to take the fam on vacation School’s out, it’s warm, and I think it is time for you to start considering where to go this summer. Is it the year to head to Cancun, the Himalayas, or Boise? Anywhere sounds good doesn’t it? So how would it sound to head anywhere and be able…
What MAGI Has to do With Your Situation One of the most Important Numbers in Your ObamaCare Subsidy Did you know that the tax code is not straight forward? Did you know that ObamaCare is probably the most confusing piece of garbage that has ever left the office of the President? One example of this change is the way the term Modified Adjusted Gross Income…
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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