Utah · Flat income tax, Silicon Slopes
CPA, bookkeeping & fractional CFO services in Utah
Utah has a flat personal and corporate income tax and a fast-growing tech economy along the Silicon Slopes, from Salt Lake City to Lehi and Provo. CPA Torrance is a CPA-led firm based in Torrance, California that provides bookkeeping, tax planning, tax filing and fractional CFO support to Utah businesses remotely.
- Serving all of Utah remotely
- Utah TC-20, TC-20S and TC-65 tracked for you
- Monthly reporting included
In short
How are Utah businesses taxed?
Utah taxes pass-through income at the owner level under its flat personal income tax and taxes C corporations under the corporate franchise and income tax, with a small minimum tax. Utah also offers an elective pass-through entity tax. Sales tax combines a state rate with local rates that vary by area.
- State income tax
- Flat rate
- State sales tax
- State + local
- Key business tax
- Corporate franchise tax
- How we serve
- Remotely, statewide
Services in Utah
What we do for Utah business owners
From Lehi software companies and Salt Lake City finance firms to Provo startups and St. George contractors, Utah businesses grow quickly and need books ready for investors. We provide monthly bookkeeping, federal and Utah tax planning, filings and CFO reporting from one coordinated team.
Bookkeeping Services
- Monthly reconciliations in QuickBooks Online
- Utah state and local sales tax tracking
- Payroll and contractor payment review
- Monthly profit and loss and balance sheet
- Catch-up and clean-up bookkeeping
Tax Planning & Strategy
- Entity and S corporation review
- Utah pass-through election review
- Federal and state estimated payments
- Multi-state income review
- Year-end tax planning meeting
Tax Filing & Compliance
- Federal business returns (1120, 1120S, 1065)
- Utah TC-20, TC-20S and TC-65 returns
- Owner individual returns
- IRS and state notice help
- Due-date tracking for every filing
Fractional CFO Services
- Cash-flow forecasts
- Budget versus actual reviews
- Margin and pricing analysis
- Lender- and investor-ready reporting
- Growth and hiring plans
Utah tax planning
Planning around Utah taxes
Utah planning looks at the flat rate, the pass-through election, startup equity and federal planning.
Book a 15-min callStartup equity
Founders with stock options or qualified small business stock need federal and Utah planning together.
Pass-through election
Utah offers an elective pass-through entity tax. We model the federal benefit.
Rapid growth
Fast-growing Utah companies need forecasting and multi-state payroll review as teams spread out.
Who we work with
Utah industries we serve
We work with owner-led businesses across Utah, with experience in the industries that drive the state economy.
Software and SaaS
Silicon Slopes companies with deferred revenue and investor reporting.
Outdoor and consumer brands
Product companies with inventory and e-commerce.
Construction
Contractors in fast-growing Utah markets.
Financial services
Fintech and industrial bank partners around Salt Lake City.
E-commerce sellers
Online brands with Utah sales tax, inventory and multi-channel books.
Professional firms
Consultants, agencies and law firms billing by the hour, project or retainer.
Why Utah businesses choose CPA Torrance
Areas we cover
Serving businesses across Utah
Businesses in Salt Lake City, Provo, Lehi, Ogden, St. George work in technology, outdoor recreation, finance, construction and healthcare. CPA Torrance helps Utah businesses, including those owned from out of state, stay compliant and organized through remote meetings.
- Salt Lake City
- Provo
- Lehi
- Ogden
- St. George
- Orem
- Sandy
- West Jordan
- Park City
- Logan
- Video meetings on your schedule
- Secure document portal for statements and returns
- Cloud accounting you can see any time
FAQ
Utah business tax and accounting questions
Not covered here? A 15-minute call gets you a straight answer for your situation.
What financial services can CPA Torrance provide to Utah businesses?
We provide monthly bookkeeping, federal and Utah tax planning, business tax filing and fractional CFO services. Everything runs from one set of books, so your bookkeeper, CPA and CFO advisor work from the same numbers.
Does Utah have a pass-through entity tax?
Yes. Utah allows partnerships and S corporations to elect to pay state income tax at the entity level, which can help owners with the federal SALT cap.
Can you help a Utah startup prepare for fundraising?
Yes. We clean up books, set up revenue recognition, build forecasts and prepare investor reporting.
Do Utah C corporations pay a minimum tax?
Yes. Utah corporations owe at least a small minimum franchise tax each year.
Can CPA Torrance work with Utah businesses remotely?
Yes. We serve businesses across Utah, including Salt Lake City, Provo, Lehi, Ogden, St. George, Orem, Sandy, West Jordan, Park City and Logan, through video meetings, a secure document portal and cloud accounting you can see any time. Our office is in Torrance, California.
How do I get started?
Book a 15-minute call or request a free financial assessment. We review your books, tax position and systems and recommend the right mix of support for your Utah business.
Get your Utah books and taxes in order.
Book a call to review bookkeeping and tax planning for your Utah business.