Bruner CPA Services

Name: Bruner CPA Services
Address: PO Box 910903, Saint George, UT, 84791, US
Telephone: +14356811277
Rating: 5

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Saint George, UT
Bruner CPA Services

Bruner CPA Services provides quality accounting, payroll, tax and consulting services.
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06/18/2024

Winners of the annual Best of Southern Utah were recently announced. I am so excited to share with you that Bruner CPA Services was once again voted the Best Accounting Firm in Southern Utah. Thank you all for your support and for your votes!

01/04/2024

The US Treasury's Financial Crimes Enforcement Network (FinCEN) is now requiring many business owners to report their ownership in businesses directly to FinCEN through the Beneficial Ownership Information (BOI) report. This new requirement has been implemented to help combat money laundering, tax fraud and other illegal acts.

Read my full blog post at: https://www.brunercpaservices.com/blog/beneficial-owner

12/23/2023

I've had many discussions with people where they indicate that they need to lower their income otherwise their taxes are going to drastically increase. Sometimes that jump is a large increase while other times it is a small jump. Whether the jump in tax brackets is a small one or a big one, I think we can all agree that nobody wants to pay more in taxes then they actually have to.

Read the full article at: https://www.brunercpaservices.com/blog/progressive-tax

12/15/2023

The IRS recently issued 20,000 rejection letters for Employee Retention Tax Credit applications and plans to thoroughly review the applications that have been submitted. The IRS also plans to create various programs for people to withdrawn their own application if they believe that they don't actually qualify.

Read the whole article at: https://www.brunercpaservices.com/blog

12/04/2023

For 2021 and 2022, many meals were 100% deductible while entertainment was 0% deductible. Now for the 2023 tax year, meals are back to 50% deductible and entertainment is still 0% deductible, generally. However, it is important to know how to you might be able to get an even better deduction than the 50% for meals and the 0% for entertainment.

Read the full article at https://www.brunercpaservices.com/blog/meals

11/16/2023

One fairly new tax-savings opportunity is the pass-through entity tax election. This election can save business owners significant tax dollars, especially if they generally take the standard deduction on their 1040 or if they've already reached the maximum deductible state taxes on their Schedule A.

Read the full article at: https://www.brunercpaservices.com/blog/pass-through-entity-election

11/13/2023

One tax benefit that is available to people who own real estate, especially those who are fortunate enough to own multiple properties, is the "Real Estate Professional" status. It's a status that can unlock significant tax benefits, but it's not without its rules and challenges. Not everyone will qualify to be designated as a Real Estate Professional (despite what your friends and neighbors might tell you), so it is important to know what requirements there are to qualify for this status.

Read the entire blog post at: https://www.brunercpaservices.com/blog/real-estate-professional

11/01/2023

One of the things I have noticed over the last several years is that it seems as though the IRS has been issuing more and more IRS notices to taxpayers. Many of these notices assess penalties such as Failure to File, Failure to Pay, Accuracy-Related, or other penalties. If you receive a notice from the IRS that assesses penalties to you - it doesn't necessarily mean that you actually owe those penalties.

Read the full article at: https://www.brunercpaservices.com/blog/penalties

07/22/2023

When I get a set of accounting records from a client, many of them will say that “their books are done”. However, almost all of them forget to do the final step of their bookkeeping process - which is reconciling their books to their bank statements. This last, and often overlooked, step is crucial to making sure you have actually captured all of your activity for the year.

Read the whole article at: https://www.brunercpaservices.com/blog/reconcile

06/21/2023

Someday I hope to be able to retire and enjoy that retirement comfortably with Larissa by my side. We have had many adventures and hope to do many more. Early in our careers we found it prudent to start contributing to our 401(k) and retirement plans as best as we could.

Read the rest of my blog post at:
https://www.brunercpaservices.com/blog/retirement-2023

06/08/2023

Winners of the Best in Southern Utah were announced yesterday. Thank you to everyone who voted for Bruner CPA Services and made us the 2023 Best Accounting Firm in Southern Utah!!

05/29/2023

One of the areas that I feel is not clearly defined by the IRS is the reasonable compensation rules surrounding the pay of an owner of an entity that is taxed as an S-Corporation. There are so many variables in what reasonable compensation means that the IRS can't clearly define what it means for every situation.

Read the rest of my thoughts at https://www.brunercpaservices.com/blog/reasonable-compensation

Address

PO Box 910903
Saint George, UT
84791

Telephone

+14356811277

Website

http://www.brunercpaservices.com/

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