Blog

1. Cost Reduction 

For those who believe doing your payroll in-house is going to save you money, this might come as a surprise. But the fact of the matter is, outsourcing payroll can actually reduce costs for your business. Because payroll can be such a time-consuming process, the cost of employ...

What’s Included in the Tax Bill? 

Few details on the new Utah tax bill have been made available yet, but the tax cut for families will come in the form of a new child tax credit. Essentially, rather than earning an exemption for your dependents, you will receive an additional credit on your tax ...

1. Opportunity Costs 

Every choice has an opportunity cost. And while opportunity costs are not something that most people measure in their day-to-day lives, they can be vital towards running a successful business—especially when deciding how you are going to spend your time to better build your...

Which Assets Need to Be Depreciated? 

Business purchases such as office supplies, cell phone plans, and software subscriptions are deducted as standard business expenses. But larger, long-term-use equipment must be depreciated over time. There are three main categories of depreciable business pr...

The 3 Types of Mileage 

For IRS purposes, there are three different mileage categories: 

1. Personal - Driving not related to any business endeavors (e.g., going to the grocery store, taking your kids to school, etc.) 
2. Commute - Traveling between your place of residence and your primary pla...