Series LLCs – Balancing Flexibility and Cost Savings with Uncertainty Risk

Series LLCs—which first came on to the scene in the 1990s—have spread from their original, Delaware origins to now be an authorized company form in many states across the U.S., including Utah. They offer some benefits as compared to traditional LLC structures, primarily by offering simpler formation processes, lower (or no) additional fees, and flexible…

Employee Retention Credit – What You Need To Know

The Employee Retention Credit (“ERC”) was first created by the CARES Act in March of 2020, early in the pandemic. But just because pandemic restrictions have largely ended doesn’t mean that businesses cannot go back and claim the ERC! Here are some important points about the ERC that you might want to know as you…

“Is Your Payroll Company WithHOLDING Out On You?”

Corporate, Tax and Bankruptcy Update We have noticed several payroll processing companies go out of business or file for bankruptcy, leaving their clients (the businesses forwhom they process payroll) without services, and potentially facing large tax bills. One such company that filed bankruptcy in Utah in 2014 had been automatically withdrawing the wages and tax…