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Looking for a Small Business Accountant Salt Lake City - Save $10k to $250k This Year!

Our world class tax planning services are unmatched in the industry, saving you now and looking ahead for a bright future.
Serving the greater Salt Lake City area’s 1,098,400 residents and 59,607 businesses spanning Sugar House, Liberty Wells, Central City, and beyond for all of your Salt Lake City small business accounting needs.
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Tax Planning Case Study Image

Case Study

How We Helped a Couple Save $160,000 in Taxes After a Big Whoopsie!

Does this sound like your
current tax situation?

I'm so TIRED of seeing all this money going to the IRS!!
But I see how "the rich" are protecting their assets.
tax-situation
My accountant says "it's just how it is."
AND I KNOW there's something better we can be doing!

We’re the Salt Lake City Small Business Accountant
for You, If You Want…

Tax Savings Icon
More Tax Savings
We’ll ensure you are saving as much as you possibly can on taxes. Never wonder again if you’re leaving money on the table.
Guidance Icon
Extended Guidance
Our tax planning services are extraordinary because we are here to guide you and help you manage your money so that it works hard for you.
Legacy
A Tax-Free Legacy
Our estate and trust tax services ensure the legacy you leave behind is as free as possible from the government eating up 40% of your estate.
«Our tax planning services go far beyond what most Salt Lake City small business accountants offer ensuring your money is working hard for you now and for generations.»
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Trusted by Salt Lake City Business Owners



“They were quick to get back to us and set up an in person appointment to discuss final taxes on an estate. The office was professional and in a great easy to get location.”

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Doddie Dunbar



“We have had our taxes done here for many years. They have always been professional and provided excellent customer service.”

Rhiannon O'Brien



“Tim is wonderful. Easy to work with and very thorough, saving me money on my business taxes. I wouldn't use anyone else.”

Tessie Adams

CPAs Who Go Beyond Tax Planning

Established in 1964 in Portland’s Hollywood district, this firm already offered extraordinary tax planning services. Since then, I have evolved our firm beyond the typical accounting solutions to include estate planning and wealth advisory because I wanted to take care of my family’s legacy wealth and help others do the same.

That’s why I show up for my clients, not just from January through April, but ALL year long. I’ve seen the disaster that is created as a result of poor tax planning. And I want better for you and your family.

I enjoy connecting with my clients to understand what’s most important to them so I can help them make their dreams a reality, in this life and for the legacy they leave behind.

On behalf of my family and our amazing team at Downing & Co, I look forward to working with you so you can save in taxes today and ensure your legacy for the future.

Tim Downing
Tim Downing Signature

Tim Downing, CPA | Downing & Co.
Managing Principal

Proactive & Holistic
Tax Planning Services

Action Plan Icon
Customized Action Plan
We’ll take you through our proprietary client interview process to review your unique situation in detail and come up with a customized action plan that ensures your money is working for you and your family now and in the future.
Minimal Tax Liability
Minimal Tax Liability
Our tax planning solutions ensure your tax liability is as low as possible so you don’t have to worry if you left money on the table. You’ll be able to keep more of your hard earned money.
Long Term Strategy Icon
Long Term Strategy
Our relationship goes beyond taxes. We have 70+ professionals as part of our holistic family office services to help you manage your wealth long term and create a legacy.

Your World-Class Salt Lake City
CPA Firm

24 hours

Response Within 24 Hours

10x

3-10x ROI

Guarantee Icon

No Surprises Guarantee

Innovative Icon

Proactive CPAs

Holistic Icon

Holistic Strategy

Friendly Advisors

Friendly Advisors

Secure Client Portal

Secure Client Portal

4 Reasons to Work With Our Salt Lake City Tax Accountants

1

Results Icon

Results-Focused

Your results are our success; that’s why it’s our number one priority. We design our work to generate at least a 3x ROI, and in most cases, we hit 10x. You can count on us to work hard for you and your money.

2

Innovative

Proactive Advisors

Most accountants wait for you to come to them when you need something. Instead, we will proactively guide you to ensure your net worth is protected today and in the future for your family.

3

Holistic

Work Holistically

Our comprehensive range of services ensures you get convenient access to all the experts you need, including tax planning, risk mitigation, wealth management, legal services, and business advisory.

4

Care

CPAs Who Care

We’ve replaced stale formalities and technical jargon with down-to-earth, conversational relations. Our clients become friends. Many of our friends (clients) work with us for decades and become family. Our close friendly relationship is what we love most about our work.

Your Comprehensive
Tax Planning Services

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Tax Accountant for Businesses

✓  Minimize Tax Liability

✓  Tax Preparation and Filing

✓  State and Federal Payroll Tax

✓  Financial Statements (P&L, Balance Sheets, etc.)

✓  Mergers and Acquisitions

✓  Entity Selection and Structure

✓  Financial Planning

✓  Audits, Reviews & Compilation

✓  Litigation Support

✓  Forensic Accounting

✓  International Taxation

Tax Planning Services

✓  Keep More of Your Money

✓  Take Every Tax Credit and Deduction You Deserve

✓  Set Up a Recordkeeping System

✓  Year Long Tax Planning Strategies to Reduce Taxes

✓  Paycheck Withholding Guidance

✓  Deferred Tax Liability Direction

✓  Pension Plans and Retirement Contributions

✓  Tax-Exempt Income Advice for Investments

✓  Exit & Capital Gains

✓  Retirement Planning

Estate and Trust Tax Services

✓  Estate planning and Trust Tax Guidance

✓  Ensure Your Future Financial Goals Are Met

✓  Allocated Assets

✓  Gift Tax Returns and Strategies

✓  Business Succession Planning

✓  Trust Income Tax Returns

✓  Estate Tax Returns

Vector

Tax Relief

✓  Audit Representation

✓  Non-Filed Tax Returns

✓  Back Taxes Owed

✓  Payroll Tax Problems

✓  IRS Representation

✓  IRS Liens

✓  IRS Levies

✓  IRS Payment Plan

✓  Offer in Compromise

✓  Innocent Spouse Relief

Meet Your Salt Lake City CPA Team

Tim Downing, CPA

Tim Downing, CPA

Managing Principal
Jeannie Ryall, EA

Jeannie Ryall, EA

Tax Manager
Dachelle Hattan

Dachelle Hattan

Tax Accountant
Bob Coleman

Bob Coleman

Team Strategist
Lee Schwartz

Lee Schwartz

Advanced Planning Team Lead
Shirley McArthur

Shirley McArthur

Office Manager
Angie Tosa

Angie Tosa

Administrative Assistant

Switching CPA Firms is Easier Than You Think

Switching from your current Salt Lake City tax accountant seems like a major pain in the butt…
But in reality, all it requires is a brief email with your current accountant/bookkeeper:
“It’s time for a new direction. Please send my books over to Downing & Company, LLC. Thank you for your services.”
Your accountant is professionally mandated to provide your books to whomever you request they go to. It’s really that easy.

Book a Free
Consultation

We’ll start your journey through our proprietary client interview process to review your unique situation and develop actionable recommendations that meet or exceed your tax, bookkeeping, or estate planning needs quickly and conveniently.

We'll Integrate with Your Accounting Software

Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our accounting and bookkeeping services.
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Yes, We Offer Small Business Accounting in Salt Lake City, Utah

West Valley City, UT
Provo, UT
West Jordan, UT
Orem, UT
Sandy, UT
Ogden, UT
St. George, UT
Layton, UT
South Jordan, UT
Lehi, UT
Millcreek, UT
Taylorsville, UT
Logan, UT
Murray, UT
Draper, UT
Bountiful, UT
Riverton, UT
Roy, UT
Spanish Fork, UT
Pleasant Grove, UT
Cottonwood Heights, UT
Tooele, UT
Clearfield, UT
Springville, UT
Cedar City, UT
Midvale, UT
Kaysville, UT
Holladay, UT
American Fork, UT
Syracuse, UT

Salt Lake Utah Davis Weber Tooele Summit Wasatch Morgan Cache Box Elder Washington Iron Sanpete Sevier Duchesne Uintah Carbon San Juan Grand Emery Garfield Kane Wayne Beaver Millard Juab Piute Rich Daggett
Salt Lake City Small Business Accountants is near Temple Square which is close to North Salt Lake, Farmington, and Bluffdale. Delta Center, Salt Lake City Tabernacle, and the Natural History Museum of Utah are also nearby.

FAQs

Is an accountant worth it for a small business in Salt Lake City?
Yes, an accountant can be highly beneficial for managing taxes, enhancing financial decisions, and ensuring accurate record-keeping, which can save time and reduce stress for your small business located in Salt Lake City.
What type of accountant is best for small business in Utah?
A Certified Public Accountant (CPA) is highly recommended for small businesses due to their extensive training and expertise in handling complex financial and tax-related matters.
Can I do the accounting for my small business?
You can manage your own accounting if you are proficient with financial principles and software. However, as your business expands, the financial details may become more complex, warranting professional help.
At what point should a business get an accountant?
A business should consider hiring an accountant when financial matters become too complex to handle internally, during significant growth, or when strategic financial planning is needed to minimize taxes and optimize profits.
What is the difference between a bookkeeper and an accountant?
A bookkeeper primarily records daily financial transactions, maintaining accurate books and financial statements. An accountant takes a broader role, analyzing financial data, preparing reports, and offering strategic advice based on this information.

1 Fun And 1 Interesting Fact About Salt Lake City!

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Salt Lake City hosted the 2002 Winter Olympics, which brought significant development to the area, including improvements to parks and transportation. The city is characterized by its unusually wide streets, designed to accommodate a team of four oxen and a covered wagon to turn around easily. This design was insisted upon by Brigham Young, the Mormon leader and founder of Salt Lake City, who wanted spacious streets in the new city.

Salt Lake City Small Business Accounting Resources

Utah Association of CPAs

https://www.orcpa.org/

15 W. South Temple, Suite 1625
Salt Lake City, UT
84101

(801) 466-8022

Institute of Management Accountants
https://www.oatc-oregon.org/

saltlake@imachapter.org

 

 

What is the Utah Association of CPAs?
The Utah Association of Certified Public Accountants (UACPA) is a professional organization for CPAs in Utah. It aims to bolster the proficiency and ethical standards of its members through continuing education, advocacy, and networking opportunities. The UACPA serves as a vital resource for professional development, legislative updates, and community involvement, supporting its members in maintaining excellence in accounting practices. The association also engages in promoting the CPA profession and provides guidance on compliance with professional standards, thereby ensuring the integrity and reliability of accounting services within the state.
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What is the Utah Division of Professional Licensing?
The Utah Division of Professional Licensing (DOPL) is a regulatory agency within the Utah Department of Commerce. It oversees the licensing and regulation of various professions and occupations in the state to ensure public safety and compliance with statutory and regulatory standards. The division is responsible for setting licensure requirements, conducting examinations, and enforcing regulations across numerous fields, including accounting, healthcare, construction, and cosmetology. DOPL also investigates complaints and disciplines licensees who violate professional standards. By maintaining rigorous professional criteria, DOPL aims to protect consumers and ensure high standards of practice among professionals in Utah.

Salt Lake City, Utah Local Resources

The Salt Lake Chamber

201 S Main St #2300
Salt Lake City, UT
84111

(801) 364-3631

Salt Lake City Office of Finance

P.O. Box 145451
Salt Lake City, UT
84114

 

Salt Lake City IRS Taxpayer Assistance Center

78 S Rio Grande St
Salt Lake City, UT
84101

(844) 545-5640

Salt Lake City Police Department

P.O. Box 145497
Salt Lake City, UT
84114

(801) 799-3000

Salt Lake City and County Building

451 S State St
Salt Lake City, UT
84111

(801) 535-7704

Top Companies in Salt Lake City, Utah

Zions Bancorporation
https://nike.com/

One South Main Street
Salt Lake City, UT
84133

(801) 844-7000

ARUP Laboratories
http://columbia.com/

500 Chipeta Way
Salt Lake City, UT
84108

(800) 522-2787

Health Catalyst
https://northamerica.daimlertruck.com

3165 Millrock Dr #400
Salt Lake City, UT
84121

(801) 708-6800

Pluralsight
https://www.gbrx.com/

42 Future Way
Draper, UT
84020

(801) 784-9007

Extra Space Storage
https://www.umpquabank.com/

2795 E Cottonwood Pkwy #400
Salt Lake City, UT
84121

(801) 562-5556

Clarus Corporation
https://www.vestas.com/en

2084 East 3900 South
Salt Lake City, UT
84124

(801) 278-5552

More About Small Business Accounting in Salt Lake City, Utah

Nestled against the stunning backdrop of the Wasatch Mountains, Salt Lake City stands as the vibrant capital of Utah, boasting a population of around 200,000 residents within the city limits and over 1.2 million in the metropolitan area. With a median age of approximately 31 years old, the city attracts a diverse range of residents, from young professionals drawn to its burgeoning tech scene to families seeking a high quality of life. Salt Lake City’s demographics reflect a mix of cultures and backgrounds, with a significant portion of the population identifying as Caucasian, followed by Hispanic, Asian, and African American communities, contributing to its rich cultural fabric.

Residents of Salt Lake City enjoy a unique blend of urban amenities and outdoor recreation, with easy access to world-class skiing, hiking, and biking trails just minutes away from downtown. The city’s thriving arts and culinary scenes, coupled with its strong sense of community, foster a dynamic and inclusive atmosphere. Whether exploring the historic streets of downtown, attending cultural events, or simply soaking in the natural beauty of nearby national parks, Salt Lake City offers something for everyone, making it a beloved destination for both locals and visitors alike.

In Salt Lake City, small business accounting plays a crucial role in supporting the city’s vibrant entrepreneurial ecosystem. With a growing number of startups and small businesses calling the area home, there’s a demand for specialized accounting services tailored to the unique needs of these enterprises. From managing day-to-day finances to navigating tax regulations and financial planning, local accounting firms and professionals provide essential support to help businesses thrive in a competitive market.

Organizations such as the Salt Lake Chamber of Commerce and local Small Business Development Centers offer valuable resources and networking opportunities for entrepreneurs looking to establish sound financial practices. Through workshops, seminars, and one-on-one consultations, small business owners gain access to expertise and guidance that can help them make informed financial decisions and achieve long-term success. As Salt Lake City continues to evolve as a hub for innovation and entrepreneurship, small business accounting remains a vital component of the city’s economic landscape, contributing to its growth and prosperity.

Downing & Co works with businesses and high-networth individuals to minimize their taxes and grow their bottom line, while building and preserving their legacy. Offering tax planning, accounting services, estate planning, and wealth management services in the greater Salt Lake City area, we work holistically and proactively for you. Our clients love our quick response time, fixed fees, friendly advisors, and our creative, results-focused approach.

Your Next Steps

Book a Free Consult
Start your journey through our proprietary client interview process.
Read the Case Study
See how we helped a couple save $160,000 in taxes after a big whoopsie!