We provide scalable accounting services for businesses of all sizes. Call us today for a free consultation to find out how we can help. Mark Dicus and Company is you premier choice for Accounting services whether you are here locally in the Las Vegas area or anywhere in the world. If you are looking for an experienced US based firm, then look no further.


We provide a comprehensive range of services in the areas of financial management, operations, risk management, strategy and technology. We offer a customized approach to our services that's based on your needs. Additional business services include: Bookkeeping, CFO Services, Cash Flow Management, Strategic Business Planning, Tax Strategies, and more.


We can assist in managing and minimizing all aspects of our client's tax liability, including, but not limited to, Federal, State and transfer taxes. Advance planning results in substantial benefits and allows time for developing alternative tax strategies. We also provide businesses period-end closing, financial statement preparation and budgeting on scheduled.

Tax Planning Strategies in Bountiful, UT; How Do I Do a Tax Plan for a Small Business?

Tax planning is an essential aspect of running a small business. Effective tax planning can help you reduce your tax liability and keep more of your hard-earned money. Small businesses often face unique challenges and opportunities when it comes to taxes. With this in mind, we at Mark Dicus & Company would like to share some tax planning tips specifically tailored to small businesses.

How Can a Small Business Maximize Tax Returns?

Understand Your Business Structure: The structure of your business, whether it’s a sole proprietorship, partnership, LLC, or corporation, has a significant impact on your tax liability. Each structure comes with its own set of rules and regulations, and choosing the right one can save you money.
Keep Impeccable Records: Accurate record-keeping is crucial for small business tax planning. Maintain organized financial records, including income, expenses, and receipts. This will not only simplify tax preparation but also help you claim all eligible deductions.
Claim All Deductions: Small businesses are entitled to various deductions, including those for home office expenses, vehicle mileage, and business-related equipment. Ensure that you’re aware of all available deductions and claim them to reduce your taxable income.
Hire a Qualified Accountant: While it may seem cost-effective to handle your taxes yourself, hiring a qualified accountant can save you money in the long run. They can identify tax-saving opportunities and help you avoid costly mistakes.
Utilize Tax Credits: Research and take advantage of tax credits that apply to your business. Common tax credits for small businesses include the Research and Development Credit and Work Opportunity Tax Credit.
Consider Depreciation: For assets with a useful life of more than one year, you may be able to depreciate their cost over time, reducing your taxable income. Depreciation can be a valuable tax planning tool.
Maximize Retirement Contributions: If you have a retirement plan for your small business, such as a Simplified Employee Pension (SEP) or a 401(k), contribute as much as you can. Contributions to these plans are often tax-deductible and can help you save for retirement.
Manage Cash Flow: Monitor your cash flow to ensure you have the funds to cover your tax obligations. Setting aside money throughout the year can prevent you from being caught off guard by a large tax bill.
Stay Informed: Tax laws and regulations change frequently. Staying up-to-date with tax changes and consulting with a tax professional can help you adapt your tax strategy to current conditions.
Consider Tax-Efficient Investments: When making investments, consider their tax implications. Some investments may offer tax advantages, such as tax-free municipal bonds or long-term capital gains.
Use Software and Apps: There are numerous accounting and tax software options available for small businesses. These tools can streamline your record-keeping and help you calculate your taxes more accurately.
Plan for Succession: If you plan to pass your business on to a family member or sell it in the future, consider the tax implications of such transactions. Proper planning can minimize the tax burden.
File On Time: Meeting tax deadlines is essential to avoid penalties and interest charges. Late filing can result in unnecessary costs, so always file your taxes on time.

Tax Preparation, Filing, Planning & More in Salt Lake City, St. George, West Valley City, Provo, Orem, West Jordan & Greater Cedar City, Utah

Effective tax planning is vital for the financial health and success of small businesses. By understanding the tax implications of your business structure, keeping thorough records, and taking advantage of available deductions and credits, you can minimize your tax liability. Consider seeking the assistance of a qualified accountant to ensure that you are making the most of these tax planning opportunities. Remember that tax laws change, so staying informed and adapting your strategy accordingly is essential for long-term financial success. Call Mark Dicus & Company today for superior services.

Accounting, Consulting & Tax Services in Greater Las Vegas NV, Cedar City UT, Seattle WA, San Francisco CA, Milwaukee WI & More