High Income Earners in Utah
Bulletproof Your Taxes and Stop Overpaying.
We help high income earners tax prep & plan, so you never pay more than you legally owe.
- Reduce audit red flags
- Keep More of What You Earn
- File with 100% confidence
Tanner Critchfield – CPA & Tax Advisor
Do taxes have you feeling:
- Stressed before, during, and after tax season
- Worried the IRS might “come after you” later
- Concerned you’re overpaying
- Ignored by your current accountant, or don't use one
You need a CPA who specializes in high earners.
- Rental & Investment Properties
- Business Ownership & Income
- Stock & Equity Compensation
- High-income Deductions
- ...and more
Expert Tax Reduction Planning and Tax Filing without all the stress.
Be TAX CONFIDENT
3 Simple Steps to Get Started
Book Call
We’ll review your tax situation and last year’s return to see if we’re a good fit.
Upload Docs
You upload your documents securely, and we take care of preparing your tax return packet.
Sign & Relax
Take a look at your tax packet, give us the thumbs up, and we’ll file your signed return.
“
I have worked with this firm for nearly a decade.
They have never once made me feel rushed, unimportant, or too busy.
I have relied on their advice for a number of acquisitions, and transactions.
I look forward to the decade to come.
– Joshua J
Business Owner, Lehi UT
🗓️ Book Your Call
MEET THE TEAM
Our Team of Experts
Bryan Hatch
CPA & Tax Advisor
Tanner Critchfield
CPA & Tax Advisor
Mekala Makis
Executive Assistant
Tax Services
Tax prep and filing for business, personal or both. Limited spots available
Hourly Tax Planning on an as-needed basis. You’ll get a tax plan and how to execute it
Keeps your books clean and up to date, so you know how your business is doing
Scores you on 7 different tax dimensions so you know what is working, and what is not.
Discover Your
Tax Efficiency Score
See how your tax strategy stacks up against other high-income earners.Â
* Takes 3 Minutes, results are instant
CPA Tax Preparation for High-Income Earners in Utah
High-income earners in Utah face a different level of tax complexity. Commission income, bonuses, equity compensation, K-1s, rental properties, and business ownership can all create tax situations that are easy to misunderstand and expensive to get wrong.
We provide CPA tax preparation and tax planning for high earners across Utah who want their taxes done correctly the first time. Our firm works with clients who earn substantial income and need more than basic software or seasonal tax prep.
If your income has grown, your tax exposure likely has grown with it. We prepare accurate federal and state tax returns, review prior filings when needed, identify missed opportunities, and help ensure you are not paying more than legally required. Our goal is simple: help you file confidently and avoid problems later.
Whether you are a W-2 high earner, receive 1099 income, own a practice, or operate a growing business, we help you plan, reduce and understand your taxes.
Who We Serve
Business Owners
S-Corporations, partnerships, pass-through entities, and growing small businesses require structured tax preparation and ongoing planning.
High W-2 Earners
Equity compensation, RSUs, backdoor Roth contributions, investment income, and multi-state earnings increase complexity and risk.
Sales Professionals
Commission-based income, bonuses, performance incentives, stock compensation, and variable pay structures often create withholding gaps and planning challenges.
Physicians and Medical Professionals
W-2 income, partnership income, private practice ownership, and multi-state filings require coordinated tax oversight.
We serve professionals throughout the Wasatch Front, including Salt Lake City, Lehi, Draper, and Provo.Â
If you earn a substantial income and want to ensure your taxes are accurate, compliant, and carefully prepared, we are likely a strong fit.
Frequently Asked Questions about Utah Tax Preparation for High-Income Earners
I own an S corporation in Utah. Do I still need personal tax preparation?
Three things usually cause problems:
- Reasonable salary vs. distributions – If salary is too low, audit risk increases. If it’s too high, you overpay payroll taxes.
- Quarterly estimates – Many owners underpay because they assume payroll withholding covers everything.
- Personal and business alignment – Your business return and personal return must match exactly, especially with K-1 income.
We review payroll, distributions, prior estimates, and prior returns together to make sure they are aligned.
Why is my tax bill high if I receive K-1 income?
K-1 income from partnerships or S corporations usually does not have tax withholding attached. That means you are responsible for making quarterly estimated tax payments.
K-1 income can also:
- Trigger additional Utah or multi-state filing requirements
- Increase exposure to the Net Investment Income Tax
- Affect deduction phaseouts
Tax planning for pass-through income helps prevent unexpected balances due.
I received RSUs in Utah. Why did I still owe taxes if shares were withheld?
Restricted Stock Units (RSUs) are taxed as ordinary income when they vest. Most employers withhold at a flat supplemental rate, which may be lower than your actual tax bracket.
For high-income earners in Utah:
- Federal withholding may be insufficient
- Utah state withholding may not cover the full liability
- Selling vested shares later can create capital gains tax
Proper RSU tax planning reviews vesting schedules, withholding rates, and projected income to reduce balance-due surprises.
What happens if I exercise Incentive Stock Options (ISOs)?
Exercising ISOs can trigger Alternative Minimum Tax (AMT), even if you do not sell the shares.
The difference between the strike price and fair market value at exercise is included in the AMT calculation. Many Utah tech employees are unaware of this until tax filing season.
Before exercising ISOs, tax projections should be run. After exercising, accurate reporting is critical.
Can a CPA review my prior tax return for stock option or equity mistakes?
Yes. Common errors we see in high-income Utah returns include:
- Incorrect cost basis reporting on stock sales
- AMT miscalculations from ISO exercises
- Missing or misreported 83(b) elections
- Unreported K-1 adjustments
- Missing state filings
A prior-year review can determine whether an amendment is necessary.
Do you provide tax planning for high-income earners in Utah, or only tax preparation?
We provide both.
Tax preparation ensures your federal and Utah returns are filed accurately.
Tax planning addresses equity vesting, option exercises, business income, and projected tax exposure before deadlines.
Planning reduces underpayment penalties and helps high-income professionals stay compliant.
How do I know if I need a CPA instead of tax software?
You likely need a CPA if you:
- Own an S corporation or partnership
- Receive RSUs, stock options, or other equity compensation
- Have K-1 income
- Earn high W-2 income with bonuses or commissions
- Have multi-state filing obligations
When income becomes layered and time-sensitive, professional oversight reduces risk.
How do I make a tax payment to Utah?
Go to the Utah Taxpayer Access Point here: Utah's Taxpayer Access Point
How do I make a tax payment to the IRS?
Use the IRS payment website here: Payments | Internal Revenue Service
How do I estimate my taxes?
The most accurate way is to have us do it.Â
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The other way is to use the IRS Tax Estimator here: Tax Withholding Estimator | Internal Revenue Service
Is my refund ready? How can I check?
Check it on the IRS website here: Refunds | Internal Revenue Service
Where do I share/upload my documents?
To securely share documents with us, use your Tax Caddy account here: TaxCaddy login
You've made it this far.
You might as well call us.
It’s free and only takes 10 minutes.
or call now 801-268-8478