Herriman CPA – Proactive Tax Planning & Advisory
Serving Business Owners, S-Corporations, and Real Estate Investors in Herriman, Utah
Reviewed by Steve Madsen, CPA — Licensed CPA Since 1993
Last Updated: May 2026
Madsen and Company provides proactive CPA and tax planning services for business owners, S-Corporations, and real estate investors in Herriman, Utah.
As Herriman businesses grow, income, entities, and investments often become more complex—making proactive tax planning essential well before year-end.
While our firm is based in South Jordan, we serve Herriman CPA clients year-round through a secure virtual-first model designed for clarity, strategy, and compliance.
We focus on tax planning before deadlines, not just preparing returns after the year is over—so your tax results are intentional, documented, and audit-smart.
CPA Insight From Steve Madsen, CPA
“The largest tax savings opportunities usually happen before year-end — when business owners still have time to make payroll, entity, retirement, and investment decisions intentionally.”
A Herriman CPA focused on proactive tax planning helps business owners make strategic tax decisions before deadlines pass — not after the year is already over.
Many business owners wait until tax season to ask how to reduce taxes. By then, most meaningful planning opportunities are already gone.
That is why our firm focuses on year-round tax planning, S-Corporation strategy, and proactive advisory support designed to help business owners stay ahead of major tax decisions.
Quick answer:
A Herriman CPA helps business owners reduce taxes through proactive planning, entity strategy, and year-round advisory before tax deadlines pass.
CPA & Tax Planning Services for Herriman Businesses
We frequently work with Herriman-based contractors, service businesses, and multi-entity owners navigating Utah pass-through taxation and owner compensation decisions.
Herriman continues to grow with entrepreneurs, contractors, professionals, and multi-entity business owners. As income increases, tax decisions become more complex—and reactive tax preparation often leaves savings on the table.
Our role is to help Herriman business owners understand how today’s decisions affect their taxes tomorrow.
Our Core Services Include:
- Proactive Tax Planning & Strategy
- S-Corporation Tax Planning & Owner Compensation
- Real Estate Investor Tax Planning
- Income Tax Preparation (Individual & Business)
- Year-Round Advisory Support
We work best with clients who want clarity, proactive guidance, and fewer surprises.
S-Corporation Tax Planning for Herriman Owners
Many Herriman businesses operate as S-Corporations—or are considering making the election. When structured and managed correctly, S-Corporation can offer meaningful tax advantages. When handled incorrectly, they create unnecessary risk.
We help S-Corporation owners with:
- Reasonable owner salary analysis
- Payroll versus distribution planning
- Accountable plans and reimbursement strategies
- Quarterly tax reviews and estimated payments
- Ongoing compliance and documentation
If S-Corporation planning only happens at tax time, most opportunities are already gone.
The IRS requires S-Corporation owners providing substantial services to receive reasonable compensation before profit distributions are taken.
Source: IRS Fact Sheet FS-2008-25
Learn more about our S-Corporation Tax Planning & Advisory services
Real Estate Investor Tax Planning in Herriman
Herriman attracts real estate investors with long-term rentals, short-term rentals, and growing portfolios. Real estate tax rules are nuanced, and many investors overpay simply because planning didn’t happen early enough.
We advise real estate investors on:
- Passive versus active activity rules
- Short-term rental (STR) tax treatment
- Depreciation and timing strategies
- Entity structure and exit considerations
- Multi-property and multi-entity planning
Our goal is to help investors understand the rules clearly and apply them strategically.
Many Herriman investors benefit from proactive real estate tax planning involving depreciation strategy, entity structure, and passive activity analysis.
Income Tax Preparation for Herriman Clients
Accurate tax preparation matters—but preparation alone does not create tax savings.
We prepare:
- Individual income tax returns
- S-Corporation and partnership returns
- Business owner returns integrated with planning
- Real estate and investment activity reporting
Our preparation process supports year-round tax strategy, not last-minute decisions.
Learn more about our
Income Tax Preparation Services
Common Tax Planning Mistake We See
CPA Insight From Steve Madsen, CPA
“Many business owners believe tax savings come primarily from filing the return correctly. In reality, most tax savings come from decisions made throughout the year before the return is ever prepared.”
— Steve Madsen, CPA
This is especially true for:
- S-Corporation owners
- real estate investors
- growing service businesses
- multi-entity businesses
- business owners with increasing profitability
Reactive tax filing alone rarely creates meaningful planning opportunities after year-end.
Why Herriman Clients Choose Madsen and Company
Many Herriman business owners reach a point where basic tax preparation is no longer enough.
As income grows, payroll decisions, S-Corporation planning, contractor payments, real estate investments, and cash flow management start affecting taxes in ways that reactive filing alone cannot solve.
That is where proactive planning becomes valuable.
At Madsen and Company, we help business owners evaluate tax decisions before deadlines pass — not after the year is already over.
Clients typically work with us because they want:
Clear guidance before making major tax decisions
Ongoing planning instead of once-a-year conversations
Help navigating S-Corporation structure and compensation
Coordination between tax strategy, payroll, and cash flow
A CPA relationship focused on long-term planning, not just compliance
Our approach combines over 30 years of CPA experience with a modern virtual-first process designed for business owners who want clarity, responsiveness, and year-round strategic support.
Our mission is simple:
Smarter tax strategy. Clearer financial direction. Year-round peace of mind.
Most client meetings are handled virtually by phone or video…
The Madsen Proactive Planning Approach™
Our proactive planning process focuses on identifying major tax decisions before year-end, including:
- S-Corporation compensation planning
- retirement contribution opportunities
- depreciation timing
- estimated tax strategy
- entity structure planning
This helps business owners make intentional tax decisions before filing deadlines limit available options.
Based in South Jordan, Utah
Madsen and Company is based in South Jordan and serves Herriman business owners, contractors, S-Corporation owners, and real estate investors through a proactive virtual-first advisory model.
We work with clients throughout Herriman and the southwest Salt Lake Valley, including business owners near Mountain View Corridor, Anthem, and surrounding residential and commercial growth areas throughout Herriman.
Most client meetings are handled virtually by phone or video, with documents securely managed through our client portal.
View Madsen and Company on Google Maps →Frequently Asked Questions – Herriman CPA Services
Schedule a Herriman CPA Consultation
If you’re a Herriman business owner or real estate investor looking for proactive tax planning, the first step is a consultation to determine whether we’re a good fit.
Schedule a consultation to review your situation and see what proactive tax planning opportunities may be available.
Professional Credentials
Steve Madsen, CPA:
- Licensed CPA since 1993
- Founder of Madsen and Company
- Member of the Utah Association of CPAs
Professional profiles:
Work With Steve Madsen, CPA
Steve Madsen, CPA, has advised business owners since 1993 and specializes in:
- proactive tax planning
- S-Corporation strategy
- real estate investor tax planning
- short-term rental tax planning
- year-round advisory services
Madsen and Company works with business owners throughout Herriman, Salt Lake County, and across the United States through a secure virtual-first CPA and advisory model based in South Jordan, Utah.
Business owners often contact us after realizing reactive tax preparation alone is no longer enough as income, payroll, entities, and investments become more complex.
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