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 …
A certified public accountant (CPA) is your best friend when it comes to money. They help you manage your finances, prepare your taxes, and offer advice and guidance on how to grow your small business and help with its accounting needs. If you’re a small business owner, hiring a CPA makes sense for many reasons: …
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 …
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 …
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 …
If you are thinking about selling your business, then you should start by understanding what makes a business valuable. Having a good idea of what the business value is will help you determine whether or not it’s time to sell. For most businesses, the best time to think about selling is at the beginning or …
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 …
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 …
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 …
We are firm believers business owners should do all they can to minimize their tax bill. But sometimes that comes in unusual ways. Did you know, for example, that simply splitting your company can save you money on your tax bill? The Tax Cuts and Jobs Act actually created several scenarios where this makes sense. …
