Business tax planning strategies for Utah companies

Why Business Tax Planning Matters

Tax planning is more than compliance—it’s about building strategies that keep more profits in your business. By structuring your entity correctly, planning asset purchases, and timing income, you can cut taxes while freeing up cash flow for growth.

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Entity & Compensation Choices

Choosing between an LLC, partnership, or S-corp has real tax consequences. We review reasonable compensation rules, salary vs. distribution balances, and partnership allocations to design the most efficient structure for your business.

Retirement & Employee Plans

Offering benefits like 401(k)s, SIMPLE IRAs, or SEP plans doesn’t just support employees—it reduces your taxable income. We help you evaluate options, calculate deductions, and align contributions with long-term goals.

Depreciation & Investment Timing

Large purchases like equipment or vehicles can be deducted strategically. We guide decisions on Section 179 expensing, bonus depreciation, and multi-year planning so deductions land when they help most.

Multi-State & Industry Guidance

Utah businesses operating across state lines face unique rules. We prepare strategies for apportioning income and capturing industry-specific credits—from contractors to professional services—so your business stays compliant and competitive.

Ongoing Check-Ins

We recommend quarterly and mid-year reviews, adjusting projections and preparing estimates so there are no surprises. With proactive planning, you know your numbers before tax season hits.

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Questions About Business Tax Planning

  • When should I start planning?

    Year-round, but especially mid-year and fall.

  • Do you work with my bookkeeper?

    Yes, we coordinate with in-house staff or outsourced services.

  • Can you help if I change entity types?

    Absolutely—we handle conversions and guide the tax elections.