Claiming Deductions for Non-Cash Charitable Contributions

The majority of clients we assist with tax filing and planning claim a deduction for charitable contributions. This deduction is fairly simple to claim if you make only cash-based donations to charities and other qualifying non-profits. However, if you make any non-cash donations—either of physical items or of stocks—this deduction...

The Importance of Paper Trails for a Business Tax Return

Most of our clients at Biesinger & Kofford CPAs use QuickBooks to keep track of their business expenses. This is an excellent program to use and recording every expense for your business is an important step towards keeping appropriate records for your tax return. However, it is only the first...

One Accountant for All Your Business’s Accounting Needs

Tax season is drawing to a close, which means it’s a good time to remind you that this isn’t the only time of year that we’re working. At Biesinger & Kofford CPAs, we work year-round, providing a full spectrum of professional accounting services to businesses throughout Utah. So if we’ve...

3 Steps to Follow When You Can’t Pay Your Taxes

Failing to pay your taxes can have serious consequences. Not only are there fees and penalties that you’ll have to pay, but if you avoid paying your taxes for long enough, you can face criminal charges. Unfortunately, many people find themselves genuinely unable to afford their taxes when the deadline...

Important Information about Filing Your Tax Extension

The deadline for filing individual tax returns is in a little over two weeks, so if you’re just starting to gather your documents, you may be feeling the strain of trying to meet that filing deadline. But there is a simple way to give yourself a little bit of breathing...