Business Tax Preparation

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Tax Preparation for Businesses

We prepare all types of Business Taxes

“We pride ourselves on doing the job right and making sure you legally pay the least amount of tax for your situation by taking advantage of all the tax credits and deductions available to you.”

Klingler-Tax-Preparation-for-Businesses-in-utah

Paying too much in taxes really hinders your financial growth and can put you at a disadvantage to your competition. Our licensed staff of friendly, knowledgeable and experienced tax professionals will make the process as pain free as possible. We pride ourselves on doing the job right and making sure you legally pay the least amount of tax for your situation by taking advantage of all the tax credits and deductions available to you. We also take a proactive approach to finding ways to structure your situation to minimize your future tax burden.

When we prepare your return, we provide free audit support by our experienced staff of local Utah CPA’s and EA’s. If your return is selected for examination we will be by your side to get you the best possible outcome–at no additional cost.

For new clients we will review your last two years tax returns for free to determine if you left any money on the table. In many cases, we can amend those returns and get you a refund. We also take a proactive approach to minimizing your tax burden in future years.

FAQs

How do I find a good tax professional?

Finding a good tax accountant can take a little bit of research. It’s wise to look for a tax accountant with a strong reputation and 5-star reviews. Klinger and Associates has a 5.0 average rating on Google reviews with dozens of 5-star reviews. You also want to look for a tax professional with a highly qualified staff with years of relevant experience. We have been in business since 1976 and have over 100 years of combined experience. Another good idea is to look for a tax professional with a strong background in accounting and knowledge of federal and state tax laws. Verify whether the preparer belongs to a recognized professional organization, which has developed a code of professional conduct. At Klingler we send our tax professionals to continuing education classes to ensure they are always up to date on the latest tax laws so you have the best possible chance at saving the most money on your taxes.

What are some questions that need to be answered about how taxes affect a business?

What would be the impact on tax rates? How much will you save/lose? How does it affect your profit margins? Will you lose potential capital for hiring new employees, buying more equipment, expanding operations, etc.?

Will you need additional equipment/technology/supplies to handle the increased demand for your products or services? You need to know how much these will cost. Will you have the capital necessary to maintain the business without building up debt?

How will this affect your ability to attract/retain top talent? You need to know if you can hire the best people in order to increase your profits. At Klingler we help you answer all of these questions and strategize your tax planning to get the most out of your tax deductions every year.

What important tax issues should be avoided?

There are many tax issues that could be devastating to your business or personal financial situation. One issue is not reporting all income on tax returns. If you receive funds from any source, it is required by law that you report all of the income on your tax return. Although the IRS will not know that you have received the income, if you don’t report it then that is a tax crime.

Another main issue is not taking required deductions. There are many tax deductions available for businesses to take, but some small business owners choose not to take them because they either forget or ignore them. They also may be unaware of certain tax deductions. If the business owner fails to take a deduction that is available to them then they are committing tax fraud because they are attempting to pay fewer taxes than what they truly owe.

We walk all of our clients through all of these issues and more to make sure their taxes are filed correctly.