Accounting & Bookkeeping Services for Businesses in Utah
Martin Tax & Advisory offers a full range of financial services to help you achieve your business goals. Whether you need a hand with taxes or big-picture business planning, we will work with you to get you the results you want.
Tax Compliance
Tax compliance is a must for every business. Failure to properly calculate, file, and pay payroll and corporate taxes can lead to major legal and financial headaches down the line. At Martin Tax & Advisory, we take tax compliance seriously. We will make sure that you dot the i’s and cross the t’s to minimize the risk of an IRS audit. Anybody can put numbers on a form, but we have the knowledge and expertise to put the tax code to work in your favor.
Tax Planning
Tax planning is something you should prioritize from day one. At Martin Tax & Advisory, our tax professionals spend hours each week studying current trends and changes in the tax code. With over 35 years of combined experience, we have seen it all and we can help you to reduce your tax burden. We will help you understand your tax obligations, set up the mechanisms required to track and pay taxes following federal and state law, and avoid audits and penalties while minimizing your tax bill.
Business Structure & New Business Set-Up
Starting a new business requires attention to detail and careful planning. So it can be difficult for any business owner to do everything without professional help. If you are setting up a new business or wondering if your business structure is serving your goals, the professionals at Martin Tax & Advisory have got you covered. We will get to know your business, including what type of business you have, how many owners there are, and what your plans are for the future. Many business entities have hidden tax traps that can hurt you down the line, making it critical to choose the correct business structure. We will put our deep understanding of business tax law to work for you to help you structure your business, attract top talent, and maximize the value of your business while minimizing your tax liability.
Business Succession Planning
What will happen to your business when you die? Succession planning is the key to a smooth transition, whether your goal is to leave your business to your family or sell it to the highest bidder. With help from Martin Tax & Advisory, you can be sure that your business succession will be handled properly. We will be there every step of the way, helping you choose the correct business structure, mentoring family members for key positions, retaining essential employees who are not family members, and hiring the right legal and financial team to guide you. The preparation you do today can help everyone in your family, including those who are not directly involved in the business, by preventing confusion and related non-financial issues that can create family discord.
CFO/CEO Consulting and Support
Small business owners may not have the money to hire a full-time CFO, but a lack of solid financial advice and guidance can be detrimental to any business. At Martin Tax & Advisory, we can help you find a part-time CFO with the experience to guide you through the financial aspects of building your business. Both Troy and Brady have owned and operated their businesses and have first-hand experience and expertise to offer our clients. We can assist with financial reporting, proper capital structures, financing, organizational charts, executive compensation arrangements, stock options, retirement plan design, legal and tax business structure, strategic planning, and board of directors’ support & consulting.
QuickBooks Setup and Consulting
Keeping accurate records is a must for every business, both to track growth and progress and adhere to tax laws. Whether you use the online or desktop version, QuickBooks is the most popular account system for business because it allows companies to track its revenue and expenses. Martin Tax & Advisory will help you set up your business accounting and help you interpret and analyze your financials. We can help you create a system that you can maintain, allowing you to run your payroll or code transactions. We can also train your personnel to ensure they know how to create accurate journal entries. Or, if you prefer, we can handle your QuickBooks account for you, so that you can focus on other areas of your business.
Bookkeeping and Payroll Services
Bookkeeping and payroll issues can trip up even the most experienced business owner. If you would prefer to focus on other aspects of running your business, Martin Tax & Advisory is here to help. We can handle your routine bookkeeping and payroll needs, making sure that your business complies with all tax laws and regulations. We have payroll solutions for every business.
