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Wasatch CPA

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bookkeeper handling financials

Do I Need a Bookkeeper for my Small Business?

The answer to this question depends on your business. If you are a small business owner, you may be tempted to handle the accounting yourself by being your own bookkeeper. After all, it’s not that hard to enter numbers into QuickBooks or use online tools like TurboTax. However, if you’re just getting started with your …

Read moreDo I Need a Bookkeeper for my Small Business?
family trusts

Family Trusts and Estate Planning in Spanish Fork, UT

Planning for your family’s future, especially in your absence, can be a daunting task. It takes an emotional toll on you and your loved ones to even conceptualize why you need to put things like this in place. In case the unthinkable happens, or even just for end-of-life affairs, it is important to organize now …

Read moreFamily Trusts and Estate Planning in Spanish Fork, UT
S Corp - corporation tax form

S Corps and C Corps Explained

Before starting a business, it is important to understand the difference between S Corps and C Corps. Both offer limited liability protection and tax benefits, but they’re not exactly the same. S corporations are pass-through entities; this means that their profits and losses flow through to the owners’ personal income tax returns. Therefore, S Corp …

Read moreS Corps and C Corps Explained
outsourced cfo

What can I Expect from my Outsourced CFO?

If you have a business or are thinking about starting your own business, you may need to hire a Chief Financial Officer (CFO) to help with day-to-day operations. A CFO is responsible for managing money and overseeing financial matters in an organization. A good CFO will ensure that your company’s finances are running smoothly and …

Read moreWhat can I Expect from my Outsourced CFO?
business accounting

Why Accounting is Important for Business

Accounting plays a vital role in running a business. Though it’s not always easy to understand at first, accounting is a powerful tool. It provides a record of your company’s financial transactions, helps you see if your business is profitable or not, can help you with tax planning and preparation. It even helps you keep …

Read moreWhy Accounting is Important for Business
our CPA team at WASATCH CPA

How to Know if We are the Right Accounting Service for You

At Wasatch CPA Services we offer more than just accounting services and tax planning, we provide solutions that are tailored to your specific needs. We understand the importance of your business and that’s why we go above and beyond to help you succeed. We want you to be able to focus on what you do …

Read moreHow to Know if We are the Right Accounting Service for You
technical interruptions

How to Avoid Unexpected Technical Interruptions at Work

When your computer crashes and you have a technical interruption at a crucial moment, it can be extremely frustrating. You’ve spent the last few hours putting together an outline of what your prospect needs, along with how you propose to fulfill it. Most of the details are on your laptop, ready for your meeting with …

Read moreHow to Avoid Unexpected Technical Interruptions at Work
growth mindset

How to Achieve a Growth Mindset

When you tell a business owner they should adopt a growth mindset they often think you’re telling them they should focus on growing the business. The truth is, a growth mindset does often have that impact. But that’s actually not required and the term “growth mindset” doesn’t necessarily have anything to do with growing the …

Read moreHow to Achieve a Growth Mindset
US Virgin Islands

Another Way to Reduce Corporate Taxes by 90%!

Last week we shared with you an option to move to Puerto Rico to reduce your tax bill to 4%. Some of you may have been intrigued, while many of you probably were not. There is actually another option for reducing your taxes by 90% on corporate or personal income taxes. This strategy also eliminates …

Read moreAnother Way to Reduce Corporate Taxes by 90%!
effective marketing CFO services

Five Key Metrics in Effective Marketing

Does your marketing feel like throwing spaghetti against a wall? You never know what, if anything, is going to stick? Most businesses find marketing feels like that when they start. Yet it is possible to have highly effective marketing. The first is by accident, but that rarely happens. And having it accidentally happen for you …

Read moreFive Key Metrics in Effective Marketing
Effective Tax Rates

How You Can Get Corporate Tax Rates on $1M in Net Revenue Down to 4%

How would you like to make over $1M per year in your corporation and pay as little as 4% corporate tax rates? While at the same time being exempt from personal taxes on dividends from that corporation? That would mean effectively eliminating double taxation and minimizing actual taxes all in one single blow! This can …

Read moreHow You Can Get Corporate Tax Rates on $1M in Net Revenue Down to 4%
your CFO services

5 things to expect from your CFO

Any company that wants to succeed must accept the need for financial leadership. In early stages this is often handled by the owner/president/CEO. But growing companies often find there comes a time that won’t work anymore. Managing the financial information of the business becomes too demanding for the person managing the business to handle. At …

Read more5 things to expect from your CFO
accountant; accounting

Not Claiming Enough Depreciation Could Cost You

If you own a rental property, it’s important to make sure you’re claiming enough depreciation — especially if you’re looking to sell in the next few years. Depreciation is the decline in value of an asset, and when it comes to investment properties, it’s a tax deduction you’re entitled to claim. But as our research …

Read moreNot Claiming Enough Depreciation Could Cost You
considering 1031 exchange

What is a 1031 exchange and how does it work?

When you sell a property, you have to pay tax on the transaction. But there is a way to defer the capital gains tax and reinvest the proceeds from the sale into another property that meets certain criteria. It’s called a 1031 exchange. The 1031 exchange gets its name from Section 1031 of the U.S. …

Read moreWhat is a 1031 exchange and how does it work?
business growth plan

The Key Ingredient to Business Growth You Probably Missed

When we talk with business owners, they often tell us that business growth is hard because of a lack of demand and client base. They believe either there aren’t enough people needing their product or service. Or those who do need what they have to offer can’t see the value as they should. Yet in …

Read moreThe Key Ingredient to Business Growth You Probably Missed
key to disability benefits

Save Money Without Compromising Government Disability Benefits

Did you know that the CDC (Centers for Disease Control and Prevention) has some staggering statistics related to disabilities in the US. Were you aware that 26% of American adults have some type of disability? That’s approximately one out of every four people! From a financial standpoint, this can be a significant concern. For instance, …

Read moreSave Money Without Compromising Government Disability Benefits
tax saving tax strategies

Tax Strategies for Saving in Excess of Retirement Contribution Limits

Have you ever wondered if there were tax strategies to help you increase your retirement contributions and recognize tax benefits? For some, this is a matter of figuring out how to get more income to cover more investments. For others the problem comes in the form of contribution limits. If you’re part of that latter …

Read moreTax Strategies for Saving in Excess of Retirement Contribution Limits
business niche

Choosing a Niche for Your Business is the Best Way to Increase Profits

In order for a business to prosper, it needs to have a niche. That’s because when you don’t have a niche, you’re not only trying to sell your product or service to everyone; you’re also trying to compete with every other business in existence. However, when you do have a niche that works well for …

Read moreChoosing a Niche for Your Business is the Best Way to Increase Profits
Tax Planning

Tax Planning Around State and Local Taxes

You probably know that where you choose to live has an impact on your tax bill. But did you know it could be close to 10% of your income? Three states even have state and local income tax rates in excess of 10%! Yet there are 8 states that don’t have an income tax rate. …

Read moreTax Planning Around State and Local Taxes
CFO Services

Why a CFO is So Much More Than an Accountant

Many business owners hear the term CFO services and think, “Oh, the guy handling my accounting!” But if your CFO is only handling your accounting, you’ve hired the wrong person for the job. CFO services should be significantly more than just a numbers game. Don’t get us wrong – understanding your numbers is important. But …

Read moreWhy a CFO is So Much More Than an Accountant
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Spanish Fork Office

Wasatch CPA Services LLC

820 N 200 E
Spanish Fork, Utah 84660
Phone: (801) 609-3119

Monday thru Friday 9 am – 5 pm

Pleasant Grove Office

Wasatch CPA Services

500 Valley View Dr,
Pleasant Grove, Utah 84062
Phone: (385) 247-0165

Monday thru Friday 9 am – 5 pm

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