Navigating the intricate landscape of taxes can be a daunting task, but don’t worry – we’re here to share three quick and easy ways to reduce your tax burden. These strategies are designed to help both individuals and business owners make the most of available opportunities and minimize the amount they owe to the taxman. Let’s dive into these easy tax tips that can make…
The concept of time – it’s a fleeting commodity, an ever-elusive dimension of our lives. And if you’ve found yourself on the edge of a new tax season or year-end planning with a pile of neglected bookkeeping tasks, it’s at that point where time starts to feel very unforgiving. It’s a situation we encounter often, especially right after those ominous extension deadlines. Perhaps you were…
Bookkeeping. It’s a term that often feels like a colossal, complex endeavor, lurking in the background, demanding our attention as business owners. With its intricacies, it can seem overwhelming, but the reality is, it’s a task you simply can’t avoid. Whether you’re growing a business with a team, securing investments, or working as an independent contractor, the commitment to bookkeeping is a given. Without it,…
Why is bookkeeping so vital when it comes to taxes? It’s a question that often lingers, and the answer lies in the fundamental connection between bookkeeping and the taxation process. In this comprehensive guide, we’ll explore the critical relationship between bookkeeping and taxes, emphasizing why meticulous bookkeeping is the cornerstone for both optimizing your financial strategy and staying in good standing with the IRS. …
While taxes may be the last thing you want to think about right now, it’s precisely the time to shift your focus towards the upcoming tax year. By embracing year-end planning, you can lay the foundation for a smoother, more tax-efficient financial future. In this guide, we’re going to break down the importance of year-end planning and outline the steps of how to prepare for…
As the current year winds down and holiday festivities beckons, there’s another essential task that should be on your radar: financial planning for the year ahead. Ensuring your financial house is in order can be the difference between a prosperous year and a year with unexpected challenges. We’re going to explore the significance of strategic financial planning, unveiling a simple yet powerful tool to forecast…
As the year gradually winds down, most of us find ourselves swept up in the whirlwind of holiday festivities, family gatherings, and the joy of gift-giving. Yet, amid the merriment and cheerful chaos, there’s another essential task that often gets relegated to the background: year-end tax planning. Today, we’ll delve deep into the realm of year-end tax planning, uncovering its profound significance and the multitude…
The Final Tax Extension Deadline As the calendar races forward, it’s time to mark an important date – the final extension deadline for tax filers. If you’re not already aware, the deadline to file for S Corporations has already passed. However, there’s another crucial date looming on the horizon: October 16th is the final extension filing deadline for personal returns and C Corporations. Before…
Beyond the Office Desk The 3.3 rule is not just for the office. We’ve talked about how this concept revolutionizes the way we work, but have you ever wondered if it can stretch beyond business tasks? The answer is a resounding YES. This simple yet effective framework isn’t confined to the office; it can be applied to a whole spectrum of personal responsibilities. Think about…
Rethinking Work-Life Balance In the world of productivity and well-being, the phrase “work-life balance” is often tossed around. But let’s be real, it’s a term that doesn’t sit quite right with many of us. The problem? Balance implies an equal distribution, a perfectly symmetrical arrangement of two opposing forces—work and life. Imagine that: a neat and tidy 12 hours dedicated to work and another pristine…
The 3.3 Rule Unveiled It is IMPOSSIBLE to be focused on one thing all the time. Many of us forget about this fundamental truth: our brains operate in cycles of focus and distraction. This inherent pattern guides the concept of the 3.3 rule—a blueprint for an efficient workday. The “3” represents up to three hours of work, while the “0.3” signifies a 30% recovery…
A Cry for Help One ordinary day, one of my valued team members (we’ll call him Kent), walked into my office with a heavy heart and a simple yet powerful statement: “John, I can’t do it anymore. I can’t be an accountant.” This moment marked the culmination of Kent’s ongoing struggle, and it compelled me to delve deeper into his story. Kent’s journey to this…
How can I save for a vacation? It’s a question that resonates with every hardworking business owner. The temptation of a break from the daily grind is undeniable, yet often, two barriers stand in the way —busyness and budget constraints. At Incite Tax, we recognize these challenges, and in response, we’ll delve into how the Profit First System can help you on your way to…
As a small business owner, there are numerous responsibilities that come with running your own venture, and one of the most crucial is ensuring the health and well-being of your team members. Offering health insurance benefits not only takes care of your employees’ medical needs but also enhances your company’s appeal in a competitive job market. Let’s take a deeper dive into the health insurance…
Are you passionate about a cause and eager to contribute to society in a meaningful way? Starting a nonprofit organization can be a fulfilling and rewarding path that allows you to pursue your business dreams while making a positive impact on the world. In this comprehensive guide, we are going to thoroughly explain the seven essential steps to set up a nonprofit. Whether you’re determined…
Do you have a deep-rooted desire to make a positive difference in the world? Starting a nonprofit organization not only allows you to contribute to the public good and support local charities, but it also provides many benefits, including the potential for tax advantages. Why you should be thinking about starting a Nonprofit By starting a nonprofit, you can create a significant social impact. You…
Ingnite Your Business Growth: Profit First You’re not just an ordinary business owner, and we’re not just your average accounting firm. At Incite Tax, we prioritize your success by offering personalized services that maximize your tax savings, help you make better business decisions, and optimize your cash flow. As a Profit First Certified firm, our mission is to empower you in maximizing…
Are you exhausted from constantly flushing your hard-earned cash down the tax toilet? It’s a frustrating situation that many of people find themselves in. But don’t worry, it’s an easy fix to stop overpaying your taxes! In this blog post, I’ll chat about why you might be overpaying your taxes and give you a simple solution to start saving some serious cash….
Burnout Blitz So, you’ve seen it. You’ve likely experienced the soul-crushing burnout that plagues the accounting industry. We traditional accountants are all too familiar with the never-ending piles of client documents, the mountains of mind-numbing data prep, and the endless back-and-forth emails. But fear not! It’s possible to escape the burnout trap. The Burnout Dilemma Let’s cut to the chase, my fellow accountants. …
Taking Effective Breaks is Tough The modern workday can be an unbearable stretch of monotony. The relentless onslaught of deadlines and tasks can drain the life force out of the most resilient of workers, making it easy to forget how to take effective breaks during the workday. But fret not, for salvation lies within the oft-neglected concept of taking effective breaks. Ah, yes, those glorious…
Keep Your Books Up to Date: Because Taxes and Stress Don’t Mix! Hey there, fellow business owners! It’s time to have a heart-to-heart about a topic that can make even the most resilient entrepreneur break out in a cold sweat: taxes. It’s time to keep up your books, because taxes and stress don’t mix! Yes, I can hear the collective groans and sighs from here….
Can you argue a 492% revenue growth? Get ready for a mind-blowing lesson I learned that will save you from the relentless grind and ignite your business’s growth with a potential for a 492% revenue growth! Introducing the one and only 3.3 Rule—a savior for those suffering from nonstop work, burnout, and the dreaded overtime trap. This method is like a superhero cape,…
The 3.3 Rule: Bill Gates’ Regretful Revelation and a New Workday Normal. Ah, work-life balance. What is this 3.3 Rule? And how does it reinforce Bill Gates’ recent regretful revelation? Well, folks, hold onto your ergonomic office chairs because we’ve got a new rule in town, but this is one you will want to follow, and one Bill Gates regretfully wishes he had. The…
Welcome, my dear readers, to another thrilling adventure in the corporate wilderness to unleash to power of Crucial Conversations in the office jungle! Today, we embark on a journey deep into the heart of effective communication with the help of the brilliant minds behind the book “Crucial Conversations” by Joseph Grenny and Kerry Patterson. So, strap on your seatbelts (or, um, bookmarks), because we’re about…
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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