Income Tax Services

Income Tax Services

Planning is the key to reducing your tax bill. At CMP we pride ourselves in being proactive and nowhere is that more important than in tax planning. Keep more of what you earn with a qualified and professional CPA. We prepare your tax returns in a manner to reduce IRS and State audit risk. Keeping up on current tax issues is our passion.

Financial Audits & Reviews

Audits, Reviews, & Compilations

Many business stakeholders such as Shareholders, Creditors and Investors relay on financial statements issued by an enterprise. CMP is registered with the American Institute of Certified Public Accountants and is experienced in performing audits for privately held companies, ERISA audits for employer benefit plans and not-for-profit entities. We have proven expertise in the following industries; for manufacturing, banking, retail, import/export, farming & ranching, and technology firms.

ERISA Audits

ERISA Audits For Retirement Plans

Generally speaking, large employers with over 100 active participants in their retirement plans are required to have a financial audit as part of their annual reporting requirements to the Department of Labor. CMP will work with the sponsor’s TPA to make sure the plan is in compliance to protect the plan’s trustees from potential penalties and adverse tax effects.

TPA Services

Retirement Plan and Third Party Administration Services (TPA)

CMP will help you design, implement, and maintain your firm’s retirement plan. Our team consists of an attorney and CPAs who belong to the ASPPA (American Society of Pension Professionals and Actuaries) and the NIPA (National Institute of Pension Administrators). CMP can assist plans that range in size from 1 to 10,000 participants and currently registered with and work with all the major recordkeeping and investment firms.

Outsourced CFO Services

Outsourced CFO Services

Outsourcing is the modern way of accounting. Why hire an overpriced employee when you can hire seasoned experts to be your CFO? Local entrepreneurs make use of a qualified Utah CPA to make certain that the job is done properly.

Family Business Consulting

Family Business Consulting

No relationship is more sincere and dear to the heart than family unless $5 bucks are involved. Assisting families develop a family strategic plan through the development of family values and goals will help family business operations prepare for successful succession plans. Many family operations are not sure where to start to pass the torch to future generations. Having a plan is the best way to protect the family and the business from the high rate of failures family businesses experience. CMP can assist with every aspect of family business issues.

Business Valuations

Business Valuations

Many business owners believe the value of their business is measured in net profit or gross sales, multiplied by an industry rule of thumb. The process of valuing a business correctly is much more complicated than a multiple of earnings. Our professional valuation experts are members of NACVA (Nation Association of Certified Valuators and Annalists).

Cost Segregation

Cost Segregation

For owners of real estate, cost segregation studies can be a home run tax strategy. CMP works with a qualified architect and engineer to ensure an accurate and complete cost segregation study is prepared in order to take advantage of accelerated depreciation on buildings and other real property investments. In order to comply with complex tax requirements for repairs and maintenance a cost segregation study is a must for larger firms.

Estate & Success Planning

Estate & Success Planning

Don’t allow the government to tax you twice. We can help you keep what you’ve earned by working with your estate planning attorney to properly protect your previously taxed assets from the complex estate tax laws.

 

If you are in the Salt Lake City and Logan areas, hiring an accountant at the Cook Martin Pouslon, PC firm will help you get an accurate interpretation of your financial statements. We are dedicated to helping you keep what you earn so that you are able to make the necessary decisions to attain your financial goals. It is paramount that your financial statements are prepared by a local Utah CPA that is equipped with the expertise, experience, and skill to do the job correctly.