Utah's flat tax sounds simple. And it is — until you realize most Utah business owners are leaving a four-figure SALT deduction workaround unused, and most Utah retirees are missing a retirement income credit they're entitled to. Simple rates don't mean simple planning.
Utah's 4.55% flat rate tells you what you owe at the margin. It doesn't tell you how to structure a business to reduce what flows to that margin, how to elect the PTET to recover federal SALT deductions, or how to sequence IRA distributions to maximize the retirement credit. That's what we do.
Utah allows S-Corps, partnerships, and LLCs to pay state income tax at the entity level, bypassing the federal $10,000 SALT cap. For business owners paying significant Utah state tax, this election can save thousands annually in federal taxes — and most Utah business owners aren't using it.
Form TC-40 preparation, retirement credit optimization, and year-round advisory for Salt Lake City individuals and families.
Utah's pass-through entity tax election bypasses the federal SALT cap. We analyze and implement this strategy for qualifying Utah business owners — most are leaving money on the table.
S-Corp election strategy for Utah business owners, accounting for Utah's flat rate and PTET interaction.
Utah's retirement income credit, Social Security tax strategy, IRA distribution timing, and Roth conversion planning for Salt Lake City retirees.
Cost segregation, 1031 exchanges, and short-term rental strategy for Utah real estate investors.
Federal IRS representation for Utah taxpayers. Audits, back taxes, penalty abatement, and installment agreements.
Your first consultation is free. We'll identify exactly what applies to your situation.