Richard P. Reid, CPA

07/01/2012

Young people don't enjoy saving, especially not long-term for reasons like retirement. It's difficult, especially when their retirement is such a long way off. One idea: Inform them about the benefits of a Roth IRA. Check out this benefits overview and help them make an informed decision.http://www.salt-lake-cpa.com/articles/aug_2007_09.htm

Richard P. Reid, CPA is a Salt Lake City CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Salt Lake City, Sandy, West Valley City, West Jordan, Taylorsville, Draper, Riverton, and more. We service clients in Salt Lake ...

03/17/2012

Keep your books up-to-date and accurate and communicate regularly with your accountant/us. Quality books are the ticket to tax savings when coordinated properly with your accountant.

03/04/2012

Last year was a frustrating year for small business owners who have tried to obtain credit to fund new or improved opportunities. While many small business owners try to work directly with the banker, it is important to remember that today's environment is entirely different than two or three years ago. Bankers are faced with many companies that have had a couple of unprofitable years; they now have more stringent credit policies within their banks. As such, we offer the following tips to improve your chances of getting financing for your business.http://www.salt-lake-cpa.com/articles/jan_2012_05.htm

Richard P. Reid, CPA is a Salt Lake City CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Salt Lake City, Sandy, West Valley City, West Jordan, Taylorsville, Draper, Riverton, and more. We service clients in Salt Lake ...

01/01/2012

Some individuals who would not dream of running their personal lives without a monthly budget will not take the time to do the same for their small-business operation. In these uncertain economic times, it can be argued that budgeting is more critical than ever. So what can you do about it?http://www.salt-lake-cpa.com/articles/mar_2009_02.htm

Richard P. Reid, CPA is a Salt Lake City CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Salt Lake City, Sandy, West Valley City, West Jordan, Taylorsville, Draper, Riverton, and more. We service clients in Salt Lake ...

12/18/2011

Do you need retirement money sooner or later? It can make a big difference in the way you manage your finances. Here are some of the benefits of waiting and some helpful ideas on what to do if you need to dip into your retirement now.http://www.salt-lake-cpa.com/articles/nov_2009_04.htm

Richard P. Reid, CPA is a Salt Lake City CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Salt Lake City, Sandy, West Valley City, West Jordan, Taylorsville, Draper, Riverton, and more. We service clients in Salt Lake ...

12/04/2011

The recent tax law--the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010--provides a wide array of tax breaks for individuals, businesses and estates, in addition to extending unemployment benefits. Here's a brief summary of the key tax provisions in the new law.


Income tax rates: The 2010 tax law preserves the current income tax structure through 2012. Without this extension, the bottom 10% rate would have been eliminated, and the two top rates of 33% and 35% would have increased to 36% and 39.6%, respectively. The new law also incorporates relief from the "marriage penalty" affecting joint filers. http://www.salt-lake-cpa.com/articles/mar_2011_01.htm

Richard P. Reid, CPA is a Salt Lake City CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Salt Lake City, Sandy, West Valley City, West Jordan, Taylorsville, Draper, Riverton, and more. We service clients in Salt Lake ...

11/20/2011

Tax deduction - If you need to buy something for your business, if you put it on your credit card before 12/31 this year you can deduct it, even though you will pay the credit card bill (depart with the cash) in Jan/Feb next year.

11/13/2011

The new Health Care and Education Reconciliation Act of 2010--recently signed in conjunction with the monumental new health care law--includes dramatic reforms in the federal student loan program. This new legislation could affect families of all stripes for years to come. Read More…http://www.salt-lake-cpa.com/articles/aug_2010_05.htm

Richard P. Reid, CPA is a Salt Lake City CPA firm that provides a wide variety of accounting, tax and financial management services. Our clients are located in towns like Salt Lake City, Sandy, West Valley City, West Jordan, Taylorsville, Draper, Riverton, and more. We service clients in Salt Lake ...

10/23/2011

If you are being audited by the IRS, don't let the tax auditor keep any of your originals — always provide the auditor with a copy of everything requested.