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 […]

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. […]

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 […]

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 […]

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 […]

Most small business owners review their financial statements and feel like they’re reading a scoreboard — they know the final score, but they don’t know what caused it or what to do about it. Key Performance Indicators (KPIs) are the bridge between your financial statements and the management decisions that move those numbers. FJ & […]

The day you sell your business may be the largest financial event of your life — and most business owners spend less time preparing for it than they spend on a single tax return. The businesses that sell for the best prices, on the best terms, with the least stress are the ones that started […]

Most small business owners run their companies without a Chief Financial Officer — not because they don’t need one, but because a full-time CFO costs $150,000 to $250,000 per year in salary alone. The result is financial decisions made without strategic financial input: pricing guesses, cash flow surprises, debt taken at the wrong time, and […]

Business restructuring is not a sign of failure — it is often a sign of a business owner making smart strategic decisions before circumstances force them. Whether you’re reorganizing your legal entity structure, consolidating operations after a difficult year, managing through a revenue decline, or restructuring debt to improve cash flow, FJ & Associates, PLLC […]

Financial statements carry different levels of credibility depending on the level of independent CPA involvement. A lender, investor, government agency, or grant funder who receives financial statements wants to know: how confident can I be in these numbers? Audit, review, and compilation services exist to answer that question — each at a different level of […]