Okay, we have to brag for a second. Our founder John Briggs wrote a book called Take Breaks, Work Better. You’ve probably heard us talk about it once or twice (or a hundred times, we’re not subtle). Well, Forbes just published an article rounding up books for high performers who are running themselves into the ground, and guess who made the list? We did. First. As in,…
It’s fun to think about the idea of paying yourself first. That’s a business owner’s dream to make enough money from the business to live off of. Walking through the principles of the Profit First cash flow management system even makes it seem possible to pay yourself first. But… How do you do that in your business? How much do you actually take out? Can your…
Do you feel like you have an unpaid job… even though you own the business? You’re even growing revenue, but somehow every month you just barely have enough to cover all the expenses. And your paycheck is the first thing you sacrifice. It’s very noble of you, but not sustainable and won’t fix your cash flow problems. You can’t run a business if you can’t support…
Every mile you drive for work is a tax deduction the IRS actively hopes you forget to claim. If you are constantly on the road for business purposes, meeting clients, running errands, or chasing deals, you’re likely asking, Can I deduct my car for taxes? The answer is absolutely. Traditional accountants love to make vehicle rules look like rocket science, but at Incite Tax, we spent years defending…
You’re getting some bad advice about travel deductions, so we need to set the record straight. Generic advice from financial influencers, not experts or certified accountants like us, will tell you that if your spouse joins you on a business trip, you simply write off half of the hotel bill. No, don’t listen to them. That’s not how it works at all. When it comes…
Let’s get one thing straight: the IRS is not your friend. It is a sprawling bureaucracy that will charge you penalties for paying taxes three days late while taking months to process your refund. It will find creative ways to take more from you, and it counts on the fact that most business owners are too busy running their businesses to strategize their taxes correctly. Which…
Picture a perfect summer afternoon. You take your best client out on the lake, hit the golf course with a massive prospect, or grab front-row baseball tickets for a local vendor. You talk strategy between plays, close a new deal on the ninth hole, and naturally assume the business is picking up the tab. It used to work exactly like that. Then the IRS did…
The IRS loves business owners who guess. Guessing is expensive. Every year, self-employed people leave thousands of dollars in missed tax deductions on the table simply because nobody ever taught them what actually qualifies as a business expense. So they play it safe, claim the obvious stuff, and hope their tax return won’t cause an audit. Most people assume they’re either claiming everything correctly or only…
Your hard-earned cash gets swallowed up by the IRS by using traditional savings accounts or standard retirement vehicles alone. You have the power to diversify to cover yourself and protect your money. Adding or switching completely to a Health Savings Account, with its famous triple tax advantage, is a powerful strategy to use when building your wealth. You pump capital into your traditional savings and…
Most advice about record-keeping sounds like this: keep receipts, stay organized, don’t wait until April. You already know that. So why do business owners still lose thousands in deductions every year? Because the problem isn’t effort. It’s that the IRS has very specific documentation rules, and they’re not exactly advertising them. Most business owners only find out what the rules actually are when they’re sitting…
You opened your gym to change lives, not to stress over cash flow. But the idea that more members equals more money is keeping you broke. It feeds your worst habit, packing classes to help the community while sacrificing your owners pay and living paycheck-to-paycheck. To keep serving people long-term, your fitness business must become a permanently profitable operation. At Incite Tax, we know exactly…
If work life harmony in accounting feels harder than it used to, you’re not imagining it. The job has changed, expectations are higher, work is more fragmented, and AI has quietly shifted what’s expected without removing the workload. This blog breaks down what’s actually driving that feeling of constant pressure and what needs to change for accounting work to feel more manageable again. Find a…
68% of accountants leave the profession within their first five years. Not to a different firm…out of accounting entirely. People who spent years in school, passed brutal exams, and clawed their way through entry-level work, gone before they ever hit their stride. Not because they weren’t good at the job. Because the job broke them first. And if you’re currently in it, you’ve probably already…
Work life balance is the biggest lie the accounting industry ever sold you. In today’s fast paced world, we’re told that if we just manage our calendars better, we can keep our professional and personal lives on a perfectly balanced scale. But let’s be real. As any business owner knows, the idea that you can neatly divide your time and energy right down the middle…
Your business is finally growing, great! More clients, more revenue, a bigger team. But it doesn’t feel as good as you thought it would. Instead of everything getting easier, it feels heavier. The decisions matter more. The problems are bigger. And you’re dealing with things you’ve never had to figure out before. From the outside, it looks like you’ve got it handled. Inside, it feels…
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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