High Impact CPA

High Impact CPA Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from High Impact CPA, Tax preparation service, 1154 Fremont Avenue South, Salt Lake City, UT.

We help business owners build strong financial systems so they can boost profits and cash flow, keep more of what they earn, and take back their time so they can focus on what they enjoy.

"Write it off" is one of the most misunderstood phrases in small business taxes. A deduction does not erase an expense, ...
07/14/2026

"Write it off" is one of the most misunderstood phrases in small business taxes. A deduction does not erase an expense, it simply reduces the amount of income you are taxed on, and only if the expense is ordinary and necessary for your business. That new laptop is not "free" because you wrote it off. It still cost you money, it just lowers your taxable income by a portion of that cost. Understanding which expenses actually qualify, and how much they save you, is where good planning pays off. If you are unsure what you can deduct, we can walk through it with you. Call High Impact CPA today to talk through your deductions.

07/11/2026

Running your own numbers? You know your business better than anyone, which is exactly why small mistakes slip by unnoticed. A second set of eyes catches what you can't see. Worth it.

07/10/2026

Tax deadlines get all the attention, but summer is when the real work happens behind the scenes. Right now our team is deep in mid-year check-ins, entity planning, and catching problems before they become April surprises. It's the work that actually saves clients money. If your books haven't had a real look since your last return was filed, now's the time.

07/07/2026

Most business owners wait until tax season to think about taxes.

By then, most of your opportunities to save money are already gone.

Right now is the sweet spot for tax planning. There is still plenty of time to make strategic decisions that can reduce your tax bill before the end of the year.

If you own a business and haven't looked at your projected tax liability yet, let's change that. A proactive tax plan can help you keep more of what you earn and avoid surprises when it's time to file.

Reach out if you'd like to see what opportunities are available to you..

05/15/2026

There once was a schemer named Blake,
Who filed returns faker than fake.
He hid piles of cash
While he twirled his mustache,
And called every fib a “mistake.”

He claimed his pet goat as staff,
Then deducted its chow by the half.
But the IRS replied,
With eyebrows held wide,
“That’s creative, but mostly a laugh.”

He listed his yacht as “supplies,”
His hot tub as “client surprise,”
His beach trip, “research,”
His blender, “outreach,”
And twelve fake consultants named “Guys.”

Then came the audit one day,
With questions thrown into the fray.
Blake sweated and smiled,
Then blamed “the file,”
But the file had conveniently run away.

So here is the lesson, my friend:
Tax fraud isn't a joke in the end.
You may dodge for a while,
With a spreadsheet and smile,
But the penalties always descend.

If you really want to save taxes,
rather than struggle and give money away,
Do the smart thing and give us a call,
your tax pros at High Impact CPA.

05/13/2026

After years in tax, you start to see the same costly mistakes.

Most do not start with bad intentions. They start with someone taking tax advice from a friend, family member, realtor, online post, or “tax expert” instead of checking what the law actually says.

A few things business owners should remember:

“R𝗶𝗰𝗵 𝗽𝗲𝗼𝗽𝗹𝗲 𝗱𝗼 𝗻𝗼𝘁 𝗽𝗮𝘆 𝘁𝗮𝘅𝗲𝘀” 𝗶𝘀 𝗺𝗶𝘀𝗹𝗲𝗮𝗱𝗶𝗻𝗴.

There are legitimate strategies, but they are not secret loopholes. Usually, higher-income taxpayers have better planning, cleaner records, and advisors involved before decisions are made.

𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝗵𝗮𝘀 𝗮 “t𝗮𝘅 𝗲𝘅𝗽𝗲𝗿𝘁” 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗰𝗶𝗿𝗰𝗹𝗲.

If someone cannot explain the rule, the documentation needed, and the risks, be careful relying on their advice.

𝗬𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗲 𝗯𝗮𝘀𝗶𝗰𝘀.

You do not need to become a CPA, but you should know enough to ask good questions and recognize when something sounds too aggressive or too good to be true.

𝗦𝗶𝗺𝗽𝗹𝗲 𝗜𝗥𝗦 𝗶𝘀𝘀𝘂𝗲𝘀 𝗰𝗮𝗻 𝗴𝗲𝘁 𝗰𝗼𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗲𝗱 𝗳𝗮𝘀𝘁.

A small notice, missed filing, or documentation issue can turn into months of back-and-forth.

“G𝗿𝗲𝘆 𝗮𝗿𝗲𝗮” 𝗶𝘀 𝗻𝗼𝘁 𝗮 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆.

Many issues have already been addressed through tax law, IRS guidance, or court cases. Research matters.

𝗧𝗵𝗲 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆:

Be careful who you trust with tax advice. If they cannot explain the legal basis, they may be guessing with your money.

05/06/2026

Having a CPA is great!

But it does not automatically mean you are getting proactive tax guidance, strategic planning, or a thoughtful review of every deduction.

Here are a few signs your CPA relationship may not be serving you well:

🚩 They only show up at tax filing time.

Tax preparation reports what already happened. Tax planning helps shape the outcome before the year closes. The best opportunities are identified before December 31, not after.

🚩 They recommended an S Corp without clearly explaining the reason.

Entity structure should be based on your numbers, goals, payroll needs, compliance costs, and risk profile. “You should be an S Corp” is not enough. You should understand the actual tax benefit and the tradeoffs.

🚩 Their process still feels stuck in the past.

If you are buried in paper organizers, clunky back-and-forth emails, and last-minute document requests, that may be a sign you are not getting a modern client experience or timely support throughout the year.

🚩 They encourage aggressive write-offs without asking follow-up questions.

Deductions need business purpose, documentation, and context. If your CPA is not asking how an expense was used, why it was necessary, or whether records support it, that can create unnecessary risk.

The takeaway:

A strong tax advisor does more than prepare a return.

They ask better questions, explain your options, help you plan ahead, and keep you compliant while looking for legitimate ways to reduce taxes.

05/04/2026

Most business owners focus on revenue growth when thinking about an exit. Few realize that the quality of their financials can be just as important as the numbers themselves.

Strong internal controls, clean books, and consistent accounting practices reduce risk in the eyes of a buyer. Less risk often translates directly into a higher valuation multiple.

Think about it from an acquirer’s perspective. If your financials are disorganized, full of adjustments, or dependent on one person, they will discount the price. They have to. Uncertainty costs money.

On the other hand, when a buyer sees documented processes, reliable reporting, and tight controls, confidence goes up. Deals move faster. Multiples improve.

This is not just accounting hygiene. It is value creation.

If you are planning to sell in the next few years, start treating your back office like it is part of your growth strategy. Because it is.

04/30/2026

Systems come first!

We just saved a client an extra $21,000 in taxes just by fixing their accounting practices. Garbage data in = garbage data out.

When you focus on building the foundation first, everything else falls into place naturally. Profitability and cash flow become more clear, tax planning becomes easier, and you'll find you get to keep more of what you earn.

If you are sick of not having clarity over your business and always having a surprise tax bill that can't be explained, reach out to us. Having your bookkeeping, accounting, and tax planning done all in one place saves you time and money!

04/09/2026

We don't "grind" tax returns. That is a recipe for disaster. It is too easy for mistakes to be made. Even the best review processes can fail when someone is working 60+ hours per week trying to compete on volume.

We deliberately take our time during tax preparation. Why? So we can make sure we are getting you every dollar to which you are entitled. AND we can find those future planning opportunities that will help you keep more of what you earn. If you want an accounting firm that takes your info, plugs it into some software, hands you some paperwork and says see you next year, we probably aren't the best fit.

We are here to make an impact, not fill out forms.

Address

1154 Fremont Avenue South
Salt Lake City, UT
84104

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 9am - 12pm

Telephone

+14356690718

Website

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