CMP, Utah CPA Firm

11/11/2026

💍 Married couples have more than one option when it comes to filing taxes.

While filing jointly often provides the biggest tax benefits, filing separately may make sense in certain situations. The right choice depends on your unique circumstances—and it could make a significant difference in your tax bill.

11/10/2026

Year-end is the best time to plan ahead for your 2026 tax return. 📅
A year-end tax planning appointment gives us a chance to look at your year before it closes, so there are fewer surprises when tax season comes.
And when you come in, you’ll get a free loaf of pumpkin or cinnamon bread to take home. 🍞

📞 Call 435-750-5566 to schedule
📍 632 N Main Street, Logan, UT 84321
We look forward to seeing you!

11/09/2026

Planning an exit? Taxes can take a larger share of the deal than expected if you’re not prepared.

Qualified Small Business Stock (QSBS) rules under Section 1202 can change the tax outcome, but eligibility depends on how the stock was issued, how long it’s held, and what happens inside the company.

We explain the rules in plain English and highlight the most common pitfalls.

👉 See the full post in the comments below.

11/04/2026

Meet Kirk, a tax partner at CMP! With 26 years at CMP, Kirk is passionate about helping clients identify challenges and find practical solutions. He values the shared commitment across our firm to helping clients succeed and achieve their goals. Outside the office, you'll find him skiing, biking, and enjoying the outdoors.

11/03/2026

A few tax rules work differently for 2026. 📋

If you're planning year-end moves, these are the four changes we'd look at first:

• The SALT cap is $40,400, up from $10,000 under the old law, but it shrinks once modified AGI is above $505,000
• If you itemize, only charitable gifts above 0.5% of AGI are deductible
• If you don't itemize, you can now deduct up to $1,000 of cash gifts ($2,000 joint)
• If your prior-year wages were over $150,000, catch-up contributions must go in as Roth

Swipe through for what each one means. Most year-end moves still have to be done by December 31.

👉 Link to the full post in the comments.

11/02/2026

Before you close the books on 2026, there's one R&D decision worth ten minutes. 📋

If your business claims the R&D tax credit and deducts research costs, those are two separate benefits. Section 280C decides how much of each you keep.

Here are your two options:

✔️ Keep the full credit, and your research deduction drops by that same amount
✔️ Or elect a reduced credit and keep your deduction whole
✔️ The reduced credit election costs a flat 21%, whatever your own tax rate is
✔️ The election is made on Form 6765 and is generally locked for the year
✔️ Most businesses never actually choose. They default to last year

Year-end is when you still have room to run both sets of numbers.

👉 See the full post below.

Learn how the Section 41 R&D credit differs from the Section 174A deduction, whether you can claim both, and how Section 280C affects your tax benefit.

10/31/2026

Happy Halloween from all of us at CMP! 🎃 We hope your day is filled with plenty of treats, fun memories, and maybe just a little bit of spooky excitement. Have a safe and happy Halloween!

10/30/2026

Your bank asked for financial statements. Is a review enough, or do you need an audit? 🤔

Before you book the work, confirm exactly what they're asking for. "Reviewed," "audited," and "CPA prepared" are different services, even when people use them loosely in emails.

Here's what to check first:

✔️ Read the loan agreement, not just the email asking for statements
✔️ A review won't meet a requirement that specifically calls for an audit
✔️ Your company's size or loan amount alone doesn't decide it
✔️ Confirm the reporting period, schedules, and deadline too
✔️ A new lender, investor, or sale can change what's expected

Picking the wrong one can mean paying for more than you need, or handing over a report that won't be accepted.

👉 See the full post below.

Find out when reviewed financial statements meet lender, investor, or surety requirements, when you need an audit, and what to confirm before work begins.

10/26/2026

Want to lower your 2026 tax bill? The window closes December 31. 📅

We just updated our 12 year-end tax planning tips for the 2026 rules. Here are a few worth a look:

• Prepay state income tax before December 31 to move the deduction into this year (if you itemize)
• Give appreciated stock instead of cash and avoid capital gains tax on the appreciation
• Harvest investment losses to offset gains, then deduct up to $3,000 of any excess against other income
• Time equipment purchases: 100% bonus depreciation or Section 179 can give you an immediate deduction
• Don't itemize? You can now deduct up to $1,000 of cash gifts to charity ($2,000 joint)

A little planning now can save you thousands over time.

👉 See the full post linked in the comments.

10/21/2026

Meet Jared Ripplinger! With 15 years at CMP, Jared enjoys helping clients find chances to save on taxes and make informed financial decisions. He appreciates CMP's proactive approach to client service and staying ahead of challenges before they become problems. Outside of work, Jared enjoys playing sports, weightlifting, and spending time with his family.