The questions below are the ones Utah small business owners ask most frequently during tax season — and throughout the year. These answers address the most common scenarios; your specific situation may have nuances that affect the answer. When in doubt, contact a CPA before acting. General Business Tax Questions How much will my business […]

Learn why solo entrepreneurs should never ignore IRS or state tax notices, what they mean, and when to call a CPA before a small issue becomes a costly one.

Before 2018, selling online to customers in other states was relatively simple from a sales tax perspective — if you didn’t have a physical presence there, you generally didn’t owe that state’s sales tax. The Supreme Court’s 2018 ruling in South Dakota v. Wayfair changed everything. Today, online businesses that reach sales thresholds in other […]

The majority of U.S. businesses — sole proprietorships, partnerships, S-Corporations, and most LLCs — are “pass-through entities.” That means the business itself doesn’t pay federal income tax. Instead, business income passes through to the owners’ personal tax returns, where it’s taxed at individual rates. Understanding how pass-through taxation works — and how to optimize it […]

The Research and Development (R&D) Tax Credit is one of the most valuable — and most underutilized — tax credits in the federal tax code. Many business owners, especially outside the pharmaceutical and aerospace industries, assume they don’t qualify. That assumption costs them money every year. Software development. Process improvement engineering. Product testing. Custom tooling […]

Your business structure is the foundation on which every other financial and legal decision rests. It determines how you’re taxed, how much personal liability protection you have, how you can bring in investors or partners, and what your options are when you eventually want to exit. Choosing correctly the first time saves years of restructuring […]

An LLC is the most popular business structure in Utah — flexible, protective, and relatively simple to form. But “LLC” is a legal classification, not a tax classification. How your LLC is taxed depends on elections you make (or don’t make), the number of members, and whether you’ve optimized your structure for your income level. […]

Self-employment tax is often the single largest tax burden on profitable small business owners — and the one most consistently overlooked in tax planning. At 15.3% on net self-employment income up to $168,600 (and 2.9% above that), SE tax frequently exceeds the income tax liability of profitable sole proprietors and single-member LLC owners. The good […]

Most businesses wait too long for tax planning. Learn why timing matters and how proactive planning helps Utah business owners save money.

The rise of remote work didn’t just change where employees work — it changed where businesses owe taxes. A single remote employee working from a state other than your headquarters can create payroll withholding obligations, income tax nexus, unemployment insurance registration, and in some cases, sales tax nexus in that state. Most business owners discover […]