Salt Lake City CPA Costs: 2024 Average Fees & What to Expect
Are you researching how much it costs to hire a Certified Public Accountant (CPA) in Salt Lake City? Whether you’re an individual, small business owner, or entrepreneur, understanding typical CPA fees in Utah’s capital can help you budget—and choose a great accounting partner. Below, we break down average CPA costs in Salt Lake City for 2024, compare fee structures, cover Utah-specific tax considerations, and share tips to maximize the value of your CPA relationship.
Quick Answer: The average hourly rate for a CPA in Salt Lake City ranges from $145 to $330 per hour in 2024. A simple personal tax return (Form 1040 plus Utah state filing) typically costs $220 to $400, while small business returns run $800 to $1,500+. Rates vary by complexity, firm size, and service type.
What Services Do CPAs Offer in Salt Lake City?
CPAs in Salt Lake City provide a wide range of financial services for individuals and businesses across the Wasatch Front:
- Tax Preparation (personal & business)
- Bookkeeping and Payroll
- Business Consulting
- Audit and Assurance
- Financial Planning
- IRS and Utah State Tax Commission audit representation
- Entity selection and business formation guidance
- Estate and trust tax preparation
Many local firms also specialize in niche areas like nonprofit accounting, real estate taxation, or cryptocurrency reporting. If you need help deciding which services fit your situation, reach out to our team for a free consultation.
What Is the Average Cost of a CPA in Salt Lake City, Utah?
The average hourly rate for a CPA in Salt Lake City ranges from $145 to $330 per hour in 2024. Fixed fees for common services vary as follows:
| Service | Average Cost Range |
|---|---|
| Personal Tax Return (1040 + State) | $220 – $500 |
| Small Business Tax Return (S Corp/LLC) | $800 – $1,500 |
| Bookkeeping (Monthly) | $250 – $850 |
| Payroll Processing | $70 – $200/mo |
| Audit/Assurance | $2,500+ |
Source: National Association of Tax Professionals & regional firm research.
Salt Lake City CPA fees tend to be slightly lower than the national average for major metros. The national average for preparing a Form 1040 with itemized deductions is roughly $323, but Utah’s lower cost of living keeps professional service fees more affordable than cities like San Francisco or New York.
Deeper Fee Breakdown by Service Type in Salt Lake City
Here is a more detailed look at pricing for common accounting and tax services in the Salt Lake City area.
Tax Preparation Fees
| Service | Salt Lake City Cost Range | Notes |
|---|---|---|
| Simple 1040 (W-2 income, standard deduction) | $150 – $250 | Single or married, no business income |
| 1040 + Itemized Deductions | $250 – $400 | Mortgage interest, charitable giving, medical |
| 1040 + Schedule C (Self-Employed) | $350 – $600 | Freelancers, gig workers, sole proprietors |
| 1040 + Rental Properties (Schedule E) | $400 – $700 | Per property; depreciation adds complexity |
| 1040 + Stock/Crypto Transactions | $300 – $600 | Volume of trades affects price |
| Multi-State Returns | $100 – $200 per additional state | Common for remote workers |
Business Accounting & Advisory Fees
| Service | Salt Lake City Cost Range |
|---|---|
| LLC/S Corp Tax Return (Form 1120-S) | $800 – $1,500 |
| C Corporation Return (Form 1120) | $1,000 – $2,500 |
| Partnership Return (Form 1065) | $750 – $1,500 |
| Quarterly Estimated Tax Filings | $100 – $300 per quarter |
| Tax Planning & Strategy Session | $200 – $500 per session |
| Business Formation Consulting | $300 – $800 |
| IRS Audit Representation | $2,000 – $5,000+ |
Pro Tip: Many Salt Lake City CPAs offer a year-end tax planning session in October or November. Booking a proactive planning session before the year closes can save you far more in taxes than the session itself costs—especially for business owners managing pass-through entity income in Utah.
What Factors Impact CPA Pricing in Salt Lake City?
Several factors determine what you will pay a CPA in Salt Lake City:
- Service complexity: Business returns & audit services cost more than basic tax prep.
- Documentation: Neat, organized records often cost less to process.
- Experience & firm size: Senior CPAs or large firms may charge premium rates ($300+/hour vs. $150 for a solo practitioner).
- Frequency: Ongoing monthly services may offer discounts over a la carte fees.
- Industry specialization: CPAs specializing in real estate, healthcare, tech, or construction may charge more.
- Filing deadline: Last-minute preparation may carry surcharges. Planning ahead saves money.
- Location: Downtown Salt Lake City or Sugar House firms may charge more than suburban offices in Sandy, Draper, or West Jordan.
Typical Fee Structures
- Hourly: $145–$330+ per hour. Best for one-off consultations or unpredictable-scope advisory work.
- Flat Fee: Most common for tax prep and business returns. You know the cost upfront—no surprises.
- Monthly Retainer: For year-round accounting and advisory, typically $500–$2,500/month depending on volume.
Did You Know? The “value-based pricing” model is becoming increasingly popular among forward-thinking CPA firms in Salt Lake City. Instead of billing by the hour, these firms charge based on the value they deliver—such as the amount of taxes saved or the financial clarity gained. Ask your CPA if they offer value-based pricing options.
How Much Does It Cost to Prepare Personal Taxes in Salt Lake City?
For a standard individual tax return (Form 1040 with state filing), expect to pay between $220 and $400 in 2024. More complex returns (itemized deductions, investments, rental income, multiple states) may reach $500+.
| Form(s) | Typical Cost |
|---|---|
| 1040 (simple, single state) | $220 – $320 |
| 1040 w/ Itemized Deductions | $250 – $400 |
| 1040 w/ Small Business Income | $350 – $600 |
Utah’s flat income tax rate simplifies the state return compared to progressive-bracket states. However, multi-state income or specific Utah credits (at-home parent credit, retirement tax credit) can increase preparation cost. A qualified Salt Lake City CPA ensures you claim every credit available. Learn more about our tax preparation services.
How Much Do CPAs Charge for Business Tax Returns in Salt Lake City?
Businesses can expect the following fees in 2024:
- LLC/S Corp Returns: $800 – $1,500+
- C Corporation Returns: $1,000 – $2,000+
- Multi-state & complex cases: Often exceed $2,000
Business owners should also factor in quarterly estimated tax payments, sales tax filings, and ongoing bookkeeping. Many CPAs offer bundled packages combining tax prep with monthly bookkeeping at a lower combined rate.
Utah-Specific Tax Considerations That Affect CPA Costs
Utah has unique tax rules that influence what you pay a CPA in Salt Lake City.
Flat Income Tax Rate
Utah imposes a flat 4.65% income tax rate on all taxable income (2024 tax year). This simplifies the state return, but a separate filing is still required, adding to CPA preparation time.
Utah Taxpayer Tax Credit
Utah offers a nonrefundable taxpayer tax credit that reduces the burden for lower- and middle-income earners. A CPA familiar with Utah tax law can ensure you receive the maximum credit.
Pass-Through Entity Tax (PTET)
Utah enacted a Pass-Through Entity Tax election that allows S corps, partnerships, and LLCs taxed as partnerships to pay state income tax at the entity level. This can serve as a workaround for the federal $10,000 SALT deduction cap. Electing and calculating this correctly requires CPA expertise and may add $200-$500 to your business return cost.
Sales Tax Complexities
Salt Lake City’s combined sales tax includes state, county, city, and transit district components. A CPA can help businesses navigate Utah State Tax Commission requirements and avoid costly penalties.
Pro Tip: If you own a small business in Salt Lake City, ask your CPA about the Utah Pass-Through Entity Tax election. For qualifying entities, it can provide significant federal tax savings that far exceed the additional CPA preparation cost. Contact us to learn if your business qualifies.
2026 Updates: CPA Fee Trends in Salt Lake City
As we move into 2026, several trends are shaping CPA fees in Salt Lake City and across Utah:
- Rising demand, limited supply: A national CPA shortage is pushing Salt Lake City hourly rates up approximately 5-8% year over year.
- Technology adoption: AI-powered bookkeeping tools and cloud software help offset rising labor costs, with some firms passing savings to clients.
- Shift toward advisory services: More CPAs offer strategic advisory packages (tax planning, projections, consulting) alongside compliance work.
- Remote services: Fully virtual engagements are now standard, lowering overhead and improving accessibility.
- Corporate Transparency Act (CTA): New BOI reporting requirements add compliance work; CPAs charge $100-$300 for these filings.
Did You Know? Utah consistently ranks among the top states for business formation and economic growth. Salt Lake City’s booming tech sector (often called “Silicon Slopes”) means local CPAs increasingly specialize in startup accounting, stock option taxation, and venture capital compliance—services that can command premium rates but deliver outsized value.
CPA vs. DIY Tax Software: Which Is Worth It in Salt Lake City?
Should you hire a CPA or use TurboTax, H&R Block, or FreeTaxUSA? Here is how the options compare:
| Factor | DIY Tax Software | Salt Lake City CPA |
|---|---|---|
| Cost | $0 – $150 | $220 – $600+ |
| Accuracy | Depends on user knowledge | Expert-level accuracy |
| Utah-specific credits | Software may miss state-specific items | Full knowledge of Utah tax law |
| Audit support | Limited or paid add-on | Direct representation available |
| Tax planning advice | None | Year-round strategic guidance |
| Time investment | Several hours (you do the work) | Minimal (CPA handles everything) |
| Best for | Simple W-2 returns | Complex returns, businesses, investments |
If you have simple W-2 income and take the standard deduction, DIY software may suffice. But if you are self-employed, own rental properties, run a business, or have investment income, a Salt Lake City CPA is almost always worth the investment—the tax savings and error prevention frequently exceed the fees.
Tips to Save on CPA Fees in Salt Lake City
Absolutely! Here are proven strategies to reduce your CPA costs without sacrificing quality:
- Organize your documents before your appointment. Bring W-2s, 1099s, receipts, and prior-year returns in a labeled folder. Organized records mean less CPA time and lower fees.
- Ask about bundled services or annual retainers. Many Salt Lake City firms discount when you combine bookkeeping and tax preparation.
- Compare firms, but prioritize credentials and experience—cheap mistakes are expensive later.
- Use referrals: Many Salt Lake City CPAs offer discounts for referred clients.
- File early. Providing documents before the April 15 rush may earn lower rates.
- Use cloud accounting software. Clean books in QuickBooks Online or Xero mean less year-end reconciliation work.
- Ask about fixed-fee pricing. Fixed fees eliminate hourly billing surprises.
- Leverage free consultations. Most reputable Salt Lake City CPA firms offer a complimentary 15-30 minute consultation.
How to Choose the Right CPA in Salt Lake City
- Check state certification with the Utah Division of Occupational and Professional Licensing.
- Verify relevant experience (individual or business focus).
- Look for clear pricing and transparent fee structures.
- Read reviews on Yelp and Google.
- Confirm availability—some Salt Lake City CPAs stop accepting new clients mid-March.
- Ask about their technology: secure portals, e-signatures, and cloud tools improve the experience.
Looking for a trusted tax professional in Salt Lake City? Schedule a free consultation with Uncle Kam to discuss your specific needs and get a transparent fee estimate.
FAQs About Salt Lake City CPA Pricing
Do CPAs in Salt Lake City offer free initial consultations?
Yes, most Salt Lake City CPAs offer a short phone or in-person consultation for free or at a reduced price. Use this to discuss your situation and get a fee estimate. At Uncle Kam, we offer complimentary consultations to help you understand exactly what services you need.
Can I work with my Salt Lake City CPA remotely?
Yes. Many Salt Lake City CPA firms offer secure client portals, video consultations, and e-sign tax filing. Remote service is now standard, making it convenient for clients outside the immediate metro area who still want a qualified Utah CPA.
Is it worth paying more for a CPA vs. a tax preparer?
If you have complex finances, own a business, or value ongoing advice, a CPA is worth the investment. CPAs are licensed by Utah, pass a rigorous exam, and complete continuing education. The additional cost often pays for itself through better deductions, fewer errors, and strategic tax planning.
Will a CPA help my Salt Lake City business save on taxes?
Experienced CPAs can optimize your tax position, maximize deductions, and keep you compliant with federal and Utah state tax laws. For Salt Lake City businesses, a CPA can advise on entity structure, retirement plans, depreciation, the Utah PTET election, and other strategies that reduce your tax burden.
How much does a CPA cost for a simple tax return in Salt Lake City?
For a simple return (W-2 income, standard deduction, single state), expect $150 to $250 at most Salt Lake City CPA firms, covering both your federal 1040 and Utah state return. Additional forms (Schedule A, C, E, etc.) increase the cost based on complexity.
Are CPA fees tax deductible in Utah?
For individuals, personal tax prep fees are generally not deductible federally due to the Tax Cuts and Jobs Act (TCJA). However, if you are self-employed or own a business, CPA fees related to your business are fully deductible on Schedule C, Form 1120, or Form 1120-S.
When should I start looking for a CPA in Salt Lake City?
The best time is fall (October–December) for year-end tax planning, or January–early February for tax preparation. Many popular Salt Lake City firms stop accepting new clients after mid-March, so starting early gives you better selection and may help you avoid rush fees.
What questions should I ask a CPA before hiring them?
Key questions to ask Salt Lake City CPAs: (1) What is your experience with my type of return or business? (2) What is your fee structure—hourly, flat fee, or retainer? (3) Are you available year-round? (4) Do you offer virtual services? (5) What software do you use? (6) Can you represent me in an IRS or Utah State Tax Commission audit? (7) Do you provide proactive tax planning advice?
Get Help With Your Accounting Needs
Ready to find a trusted CPA in Salt Lake City? Contact our team to be matched with a local expert or explore our Salt Lake City tax preparation services for businesses and individuals. Uncle Kam is here to help Salt Lake City residents navigate taxes with confidence.
Further Resources
- How to Find the Right CPA – AICPA
- How Much Do Tax Preparers Charge? – Forbes
- IRS: Choosing a Tax Professional
- Utah State Tax Commission
- Uncle Kam Tax Preparation Services
Note: Prices may vary by firm, complexity, and your unique situation. Always clarify fees before engaging any CPA or accounting service.
Disclaimer: This article is for general informational purposes only and does not constitute professional tax, legal, or financial advice. CPA fee ranges are estimates based on publicly available data and regional research. Actual fees vary by firm, complexity, and market conditions in Salt Lake City, Utah. Tax laws change frequently; consult a qualified CPA for advice specific to your circumstances. Use of this content does not create a client-professional relationship.
