Launching a business in Utah involves dozens of interconnected decisions — many of which have permanent financial and tax consequences. Choose the wrong entity structure and you may pay unnecessary self-employment tax for years. Miss the initial payroll registration deadline and you face penalties before your first employee is paid. Skip the EIN application and […]
Tax Implications of Business Acquisitions: A Guide for Utah Buyers and Sellers
Buying or selling a business is one of the largest financial transactions most business owners will ever complete. The tax treatment of that transaction — determined largely by how the deal is structured — can mean the difference of hundreds of thousands of dollars in after-tax proceeds for the seller, or years of additional depreciation […]
Guide to Estimated Quarterly Tax Payments for Utah Self-Employed and Small Business Owners
The United States tax system operates on a pay-as-you-go basis. Employees have income tax withheld from every paycheck; self-employed individuals and business owners who do not have withholding must make estimated tax payments throughout the year. Failing to make adequate payments — or making them late — triggers an underpayment penalty from the IRS and […]
Understanding Financial Reporting: A Guide for Utah Small Business Owners
Financial statements exist to answer specific questions about your business’s financial condition. The problem is that most business owners receive these reports, glance at the bottom line, and move on — missing the insights that would actually change how they run their business. This guide explains the three core financial statements, what each one tells […]
Partnership Tax Guide: Form 1065 Filing and Compliance for Utah Business Partners
Partnerships and multi-member LLCs are the most flexible business structures for multi-owner businesses — but they come with some of the most complex tax rules in the Internal Revenue Code. The pass-through treatment is straightforward; the partner basis rules, special allocations, guaranteed payments, and self-employment tax treatment are not. This guide covers partnership taxation fundamentals […]
Why “Wait Until Tax Season” Is the Worst Strategy for 1099 Business Owners
Waiting until tax season to plan can cost 1099 earners thousands. Learn why proactive tax strategy matters for Utah business owners.
Operational Efficiency Consulting for Utah Small Businesses
Revenue growth is the goal most business owners focus on. But for many Utah small businesses, the faster path to improved profitability is not more revenue — it’s eliminating waste, tightening processes, and stopping the margin leakage that accumulates quietly across every department. FJ & Associates, PLLC brings a CPA’s financial lens to operational efficiency. […]
New Business Launch Advisory for Utah Entrepreneurs
Starting a business involves dozens of financial and legal decisions in the first 90 days — many of which have consequences that follow you for years. The entity structure you choose, the accounting method you elect, the way you handle startup costs, and the tax registrations you complete (or miss) all shape your business’s financial […]
Mergers and Acquisitions Advisory for Utah Small and Mid-Sized Businesses
Whether you’re acquiring a competitor to accelerate growth or selling the business you’ve spent decades building, mergers and acquisitions are among the highest-stakes financial events a business owner will ever navigate. A deal structured incorrectly can cost hundreds of thousands of dollars or turn a good acquisition into a financial burden. FJ & Associates, PLLC […]
LLC vs. S-Corp: Which Business Structure Is Right for Utah Entrepreneurs?
The LLC vs. S-Corp question is one of the most frequently misunderstood decisions in small business tax planning. Both offer pass-through taxation and liability protection — but they are taxed very differently on self-employment income, and the difference compounds significantly as your net profit grows. FJ & Associates, PLLC performs detailed LLC vs. S-Corp analyses […]
