You can take a tax deduction on employee benefits and compensation as a business expense. If you’re a small Salt Lake City business with employees, then you should know that you can claim deductions with the salaries and wages. But there are other benefits that are also tax deductible. For example, if you give your Read More
By far, accurate accounting is the most important aspect of starting and running a small business. Although it’s easy to get caught up in designing a website and creating your online presence, you’ll never survive if you don’t have a solid understanding of how to crunch the numbers. Keep Accurate Reports When you own a Read More
Hiring a CPA or a certified public account in Salt Lake City is not totally impossible with many accounting firms present in the market today. However, hiring a trustworthy accountant to handle your business bookkeeping needs is a whole other story. Since it is your hard earned money that shall be used to pay a Read More
Maintaining financial records in an accurate manner is extremely important for a business. While most business owners in Salt Lake City strive to have perfect bookkeeping methods, the reality is that many of them are incredibly inefficient. Don’t get us wrong, a business’s books should be accurate but how much time are you spending trying Read More
If you are planning to open a business in Salt Lake City, it’s an excellent idea to hire the services of a Utah CPA. The job of an accountant in Salt Lake City is to perform a great many services on behalf of your business. Since not every new business owner is bound to be Read More
Developing a tax strategy is one of the most challenging aspects of being a business owner. The vast majority of business owners despise filing taxes each year. One of the most significant benefits of living in Utah is that there is no state income tax. However, business owners should still optimize their taxes to reduce Read More