Later CPA & Associates, PLLC

Later CPA & Associates, PLLC No annoying tax professional lingo. Just straight, authoritative, and friendly advice. Later CPA and Associates, PLLC was started in 2024 by Daniel Later.

He saw a need to provide tax strategy and advice to small and medium sized businesses. At Later CPA we value communication, relationship, and integrity with our clients, and strive to gain and retain clients with a high level of reliability. Services provided range from individual and business tax return preparation, to bookkeeping, to strategy and planning and other high-value services. Our team

proactively advises clients on tax law changes that will impact them. Let us know how we can help you.

09/04/2026

📢 Hiring Family Members the Right Way 🎥👨👩👧👦

Hiring a family member can be a great way to get help from someone you trust while creating a legitimate business expense for your practice.

But hiring family isn't as simple as putting them on payroll. The work needs to be real, the compensation should be reasonable, and the proper payroll and recordkeeping requirements still apply.

In this session, we'll cover:
✅ What makes a family member's job legitimate
✅ How to determine reasonable compensation for their work
✅ Payroll and recordkeeping requirements
✅ How your business structure can affect employment tax rules
✅ Common mistakes to avoid when hiring family members

When done correctly, hiring family can be a valuable part of your business and tax strategy, but the job and business need should always come first.

This is especially helpful for therapists, private practice owners, and small business owners who have family members helping with administrative work, marketing, scheduling, or other responsibilities.

🎥 Watch the replay: https://youtube.com/live/UKX0saeGejw?feature=share

Got questions about hiring family members or tax planning?

Drop them in the comments or send a DM.

September is here and for mental health therapists in private practice fall is the busiest and most financially signific...
09/04/2026

September is here and for mental health therapists in private practice fall is the busiest and most financially significant season of the year. Referrals are surging, returning clients are resuming sessions, and new intakes are filling your schedule fast. Make sure your billing, insurance claims, and cash flow are all ready to support the demand that is already arriving. 🌿

📢 Working From Home? Your Home Office May Have Tax Benefits 🏠But working from your couch a few times a week doesn't auto...
09/03/2026

📢 Working From Home? Your Home Office May Have Tax Benefits 🏠

But working from your couch a few times a week doesn't automatically qualify.

The IRS generally requires regular and exclusive business use, and eligible taxpayers may calculate the deduction using either the simplified or regular method.

For private practice owners working remotely, getting the setup right from the beginning can make your records much cleaner.

09/02/2026

📢 Hiring Family Members the Right Way 👨👩👧👦💼

Thinking about hiring your spouse, children, or another family member to help with your practice?

It can make sense in the right situation, but putting a family member on payroll doesn’t automatically make it a good tax strategy. The work needs to be legitimate, compensation should be reasonable, and the payroll and tax rules can vary depending on the family relationship and your business structure.

In this live session, we’ll cover:
✅ When hiring a family member may make sense
✅ What to consider when employing your spouse, children, or parents
✅ Why duties and compensation should be reasonable
✅ Payroll and employment tax considerations
✅ Documentation and common mistakes to avoid

This is especially helpful for therapists and private practice owners who already have family helping with scheduling, administrative work, marketing, cleaning, or other responsibilities in the practice.

📅 When: Friday, September 4 at 12 noon MT
📍 Where: Live on Facebook, Instagram, and YouTube

📲 Join us live and bring your questions!

09/01/2026

📢 Tax It Easy: How Do I Pay Myself From an S Corporation? 💰

Once you have an S Corporation, paying yourself works a little differently than simply transferring whatever you need from your business account.

As an S Corp owner, there are generally two ways money may come to you: reasonable compensation through payroll and owner distributions.

In this video, we’ll cover:
✅ The two ways S Corp owners can pay themselves
✅ Why reasonable compensation is paid as wages
✅ How owner distributions work
✅ How wages and distributions are treated differently for tax purposes
✅ Why taking a distribution generally doesn’t create new taxable income by itself

Understanding the difference can help you manage your S Corp correctly and make more informed decisions about how you take money from your practice.

🎥 Watch the video and let us know your tax questions in the comments!

08/28/2026

📢 Employee Benefits That Can Change the Tax Result 🎥💼

Employee compensation isn't just about wages. How you structure benefits can also affect the tax result for both your practice and your employees.

When designed correctly, certain benefits may be deductible to the practice while providing employees with tax advantages, making the same compensation dollars potentially more valuable.

In this session, we'll cover:
✅ How employee benefits can affect taxes for the practice and employees
✅ Health insurance, HRAs, and other health benefits
✅ How retirement benefits can fit into employee compensation
✅ Dependent-care and educational assistance programs
✅ Common mistakes to avoid when setting up employee benefits

The right benefits can do more than support your tax strategy. They can also help you build a stronger compensation package, attract employees, and retain your team as your practice grows.

This is especially helpful for therapists, private practice owners, and small business owners who have employees or are preparing to grow their team.

🎥 Watch the replay: https://youtube.com/live/SeXQQXIYHd8?feature=share

Got questions about employee benefits or tax planning?

Drop them in the comments or send a DM.

08/28/2026

Employee compensation isn't just about wages. How you structure benefits can also affect the tax result for both your practice and your employees.

When designed correctly, certain benefits may be deductible to the practice while providing employees with tax advantages, making the same compensation dollars potentially more valuable.

In this session, we'll cover:
How employee benefits can affect taxes for the practice and employees
Health insurance, HRAs, and other health benefits
How retirement benefits can fit into employee compensation
Dependent-care and educational assistance programs
Common mistakes to avoid when setting up employee benefits

The right benefits can do more than support your tax strategy. They can also help you build a stronger compensation package, attract employees, and retain your team as your practice grows.

This is especially helpful for therapists, private practice owners, and small business owners who have employees or are preparing to grow their team.

Got questions about employee benefits or tax planning?

Drop them in the comments or send a DM.

📢 Tax Preparation Looks Back. Tax Planning Looks Ahead. 📊Year-end is an opportunity to review where your numbers are hea...
08/27/2026

📢 Tax Preparation Looks Back. Tax Planning Looks Ahead. 📊

Year-end is an opportunity to review where your numbers are heading while there's still time to make informed decisions.

Income and expense timing, retirement contributions, S Corporation payroll, major purchases, and tax projections can all be part of the conversation.

The important part is that these decisions shouldn't be made in isolation. Your strategy should reflect your actual numbers and your longer-term goals.

August is almost done, and before September arrives, take a moment to reconcile your sessions delivered, your revenue co...
08/27/2026

August is almost done, and before September arrives, take a moment to reconcile your sessions delivered, your revenue collected, and your expenses for the month. The therapists who build truly sustainable practices are the ones who treat their own financial health with the same consistent care and intention they bring to every client they serve.

08/25/2026

📢 Tax It Easy: Got a 1099-NEC for an Internship? 🤔💼

Not sure how to report it—or if it’s even the right form? You’re not alone.
In this video, we break it down:
✅ Why that 1099-NEC might actually be a red flag
✅ How to report contractor income on Schedule C
✅ What business expenses can offset that income
✅ Why interns might actually qualify for a W-2 instead
💡 Even a summer gig can have tax surprises—know your options and protect your refund.

📲 Visit LaterCPA.com for more practical tax tips.

Address

Herriman, UT

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+18012433019

Website

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