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Problems We Solve

Problems We Solve

At CMP, we’re ready to help you solve your financial and accounting challenges. We’ll work together to find solutions that fit your unique needs, whether they’re for you or your business. Our passion is helping individuals, families, and businesses overcome their challenges wherever they may lie. We are a professionally diverse firm, with experts across the financial field, and have the resources to tackle issues big and small.

Below you’ll find some of the most common accounting problems we solve for our clients. From providing insight and guidance to sharing tutorials and how-tos, our team is ready to offer their expert knowledge and expertise to better you and/or your business. If you can’t find your particular problem or question below,  please let us know by contacting us.

How do I know I need a CFO?

Want to spend more time running your business and less time on the financials? Then you might need a CFO.

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What is GAAP? Should you use it?

The answer is yes! Get a better understanding of the Generally Accepted Accounting Principles (GAAP), and why you should adopt them in our downloadable guide.

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What is the best accounting software for a medium-sized business?

Depends on your business and your unique needs – but we can help you figure it out.

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Do I need to plan my estate?

Estate planning is a must – and our team can walk you through the estate planning process to ensure your heirs receive what you intended.

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How do I prepare financials for a banker or investor?

Your accounting software can help!

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How do I set up QuickBooks and get it to help my business?

QuickBooks is our recommended way to maintain your financials, and we offer comprehensive Quickbooks services

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What should I know about hiring minors in the state of Utah?

Learn the benefits of hiring minors and the most updated child labor laws to ensure you’re compliant.

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What is tax planning?

Always be prepared for tax season when you plan tax reduction strategies for you and/or your business.

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What is the best way to manage payroll as a small business owner?

Payroll can be one of the most challenging and frustrating parts of owning a business. That’s alright, we’re here to help. Check out our blog post below for tips on managing payroll as a small business.

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Are Social Security benefits taxable?

This all depends on your AGI, available deductions, exemptions, and income tax bracket.

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My business is struggling. Can you help?

You are not alone! Our team of consultants can help!

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Are there tax benefits to giving to charity?

Yes, but some charities are not eligible so it’s important to do your research.

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When should I hire a CFO?

Leveraging the expertise of an outsourced CFO can offer guidance as you grow your business.

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What tax considerations come with crowdfunding?

New, modern methods of raising money also raise questions on how to declare the income

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