What to Expect When it Comes to Payroll Taxes?
There are several different types of payroll taxes. Some are remitted biweekly, while others are remitted monthly or quarterly. Payroll...
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Copper Mountain
tax and Accounting
Serving individuals and small businesses in
Herriman, Riverton and surrounding areas
May 13, 2023
Demystifying Your Actual Tax Rate: Calculating it Using Your Tax Return
While many taxpayers are familiar with their marginal tax rates, understanding your actual tax rate provides a more comprehensive picture...
May 3, 2023
What Does it Mean to Capitalize an Asset? When Should an Asset Cost be Capitalized?
An asset should be capitalized when it meets two key criteria: The asset has a useful life that extends beyond the current accounting...
May 2, 2023
What is Tax Depreciation?
As a business owner, it's important to understand the tax rules surrounding depreciation. By understanding tax depreciation, you can make...
Apr 24, 2023
Should I Take Actual Auto Expenses or the IRS Standard Mileage Rate?
As a business owner, one of the decisions you will need to make when it comes to tax deductions is whether to take actual auto expenses...
Jan 30, 2023
Questions in Quickbooks?
Starting your own business, but need help setting up your entity and payroll in Quickbooks? Already in business, but need help cleaning...
Jan 28, 2023
Cash or Accrual Basis
You may have heard the terms cash or accrual basis, but what exactly are those? They are two different methods of recognizing income and...
Jan 20, 2023
What is the Difference Between a Tax Deduction and a Tax Credit?
A tax credit is a dollar-for-dollar reduction of your tax liability, meaning if you owe $1000 in taxes and you have a $200 tax credit,...
Jan 14, 2023
How Can Hiring a Bookkeeper Save Me Money?
Hiring a bookkeeper can save you money in the long run by helping you stay organized and on top of your finances, avoiding errors, and...
Jan 14, 2023
Estimated Taxes?
Estimated taxes are payments made to the government throughout the year to cover your expected tax liability for the current tax year....
Jan 14, 2023
Employee or Contractor?
A contractor is a person or company that is hired to perform a specific task or project. They are considered self-employed and are...
Jan 14, 2023
When Do I Need to Issue a Form 1099 to Vendors and Contractors?
A Form 1099 is a tax form used to report various types of income received during the year that is not from wages, salaries, or tips...
Jan 14, 2023
Benefits of a Bookkeeper
Hiring a bookkeeper can provide a number of benefits for your business, including: Accurate financial records: A bookkeeper can help...
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