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Proactive tax planning is the key to reducing your tax bill. This is the case for both individual and business tax returns. At CMP, we pride ourselves on being proactive in the tax services we offer and all of our accounting and consulting services. We work hard to help clients like you minimize your income tax burdens by creating customized tax strategies to legally and effectively reduce your tax liability.
As your trusted advisor, we will help you plan for opportunities or difficult situations that you may be facing. Tax laws are ever-changing, and we are committed to providing you with the proactive planning needed to navigate the complex tax code successfully. When a tax professional at CMP prepares your tax return, you can be confident they are accurate and that every opportunity has been taken to reduce your tax liability.
Over the years, CMP has been there to provide prompt, professional financial advice and services that we’ve needed to continue to grow, be successful and stay competitive within the industry.
President, Camp Chef, Inc.
At CMP, there is no cookie-cutter approach to income tax planning or preparation. We actively pursue tax reduction strategies that fit your needs – and will review all the options with you so you can feel confident in our approach. We learn as much as we can about our clients and their industry so that we can apply an applicable tax code that minimizes their tax liability.
Whether you’re looking for tax planning services or tax preparation services, we can help. We can help you with:
Individual tax preparation
Whether your tax return is simple or complex, we have the expertise to see that it is complete and correct. With offices in Salt Lake City, Utah, and Logan, Utah, one of our certified public accountants will be able to help you prepare your state and federal tax returns.
Business tax preparation
We specialize in preparing all types of business tax returns. If your business files as an S-Corporation, C-Corporation, or Partnership/LLC, we’ve got the skills to keep you compliant with the law while mitigating your tax burden at the same time. We will help you find every single tax credit that you qualify for. Business owners will love our federal tax return services, where we work to ensure your tax liability is minimized as much as legally possible.
Trust, estate, and gift tax preparation
Our in-house experts can handle your trust, estate, or gift tax needs. We will also assist you in the planning and administration of these entities.
Non-profit organization’s tax preparation
We can file the annual tax returns for your non-profit entity. For new non-profit organizations, we can assist you in applying for tax-exempt status.
Proactive tax planning and consulting
We enjoy getting to know our clients on a personal level. As our relationship builds, so does the opportunity to expand your tax planning services. Formal planning meetings can be held as frequently as warranted, and if unusual transactions arise, we will help you plan for and understand the possible tax consequences. Proactive tax planning can save an individual thousands of dollars in taxes, if not more.
IRS and state audit representation
If the IRS or State selects you for an audit, we will represent you before the agencies and ensure the best outcome possible.
Year-End Tax Planning
During the fall, we start tax planning to ensure that our clients have taken advantage of tax-saving strategies during the year. CMP has developed a checklist that helps our tax professionals and the clients they assist pinpoint each tax planning strategy, guaranteeing the lowest possible tax bill in April.
Transaction Tax Planning
At one time or another, every taxpayer will encounter an unusual tax situation. Examples of this may include selling an investment, buying an investment, starting a business, exercising employer stock options, selling a closely held business, etc. Through proper planning, clients may structure their transaction to save or postpone taxes. We encourage our clients to consult with us whenever they face something out of the ordinary that may have a taxable consequence.
Retirement Tax Planning
Retirement is a major life-changing event that must be navigated carefully. The professionals at CMP work with a team of attorneys and financial planners to help retirees make the right financial and tax decisions. We love helping clients meet their retirement goals and protect the assets they have worked so hard to accumulate.
Proper Entity Selection
Picking the correct business or investment entity is critical to minimizing income and determining estate taxes. Whether you are setting up an S-Corporation, LLC, or Partnership, we can help you choose the proper legal entity to minimize tax and limit liability. CMP has developed new business startup checklists for Sole Proprietorships, LLCs/Partnerships and S-Corporations to help clients navigate the intricacies of each tax situation. Want help? Click the button below to schedule a consultation.