About High Impact CPA
Why You Need an outsourced CFO
Providing you with the best Accounting and Tax consulting services
INTRODUCTION ABOUT US
High Impact CPA is a financial accounting and tax strategist firm located in Salt Lake City Utah. With over 10+ years experience, millions of dollars saved in taxes, and vast amount of dollars generated in increased exit value, we are your outsourced CFO professional that can help increase your company value while saving money in taxes and planned accounting strategies!
Tax Savings Generated
Increased Exit Value
Clients From different industries
Years of Experience
10
YEARS OF
EXPERIENCE
Trusted Company
Backed by a CPA with over a decade of experience, High Impact is certified to help you achieve and surpass your accounting and tax preparation goals!
Company Mission
To help business owners achieve their dreams and change the world by providing proactive guidance and unmatched client service.
Our Vision
Help businesses from all stages of success be able to hire an outsourced CFO that helps their business implement strong financial goals.
Get To Know Us
David E. Lewis is a Certified Public Accountant licensed in Utah. He has worked as a professional accountant, auditor, and business advisor since 2014. He prides himself in providing small business owners and individuals the highest quality professional services and developing long-term relationships. He has worked with multiple industries including local government, insurance, non-profits, startups, and high net worth individuals.
David graduated with his Bachelor of Science in Accounting degree from Dixie State University and went on to obtain his Masters of Accountancy from Southern Utah University and CPA license within one year. He is also a Certified Management Accountant, Certified Internal Auditor, and Certified Fraud Examiner.
In 2020, he shifted his area of focus to the legal cannabis industry, seeking to help all business owners across the industry’s verticals navigate the complex environment in which they operate. He is part of a world-class network of professionals that provides services to this ever-expanding industry. From applying GAAP and proper cost accounting methods, accounting and bookkeeping, tax planning and preparation, to CFO services, David has the expertise to help your canna business thrive.
When he’s not working on building clients’ wealth, David enjoys spending time outdoors with his wife and two dogs, riding motorcycles, reading whatever he can get his hands on, and watching movies.
HIGH IMPACT FAQs
Frequently Asked Questions
Could I could just hire an in house CFO/Controller/Bookkeeper.?
You absolutely could, but you will pay more for it in salary, training, and time. The current median salaries for hiring a CFO is $265,000, Controller $160,250, Accounting Managers $130,680, and bookkeepers $70,200. And then you still have to go out and pay a tax preparer who probably isn’t offering proactive tax strategy.
What makes you so different than other firms?
Our focus is giving our clients the best experience possible and providing proactive guidance. The biggest complaint we hear is “my CPA doesn’t call me back” or “my CPA doesn’t have availability for me.” Because of this we limit the number of clients we take on at any given time to ensure we can maximize the value we bring to each engagement. We serve a small number of clients and serve them with excellence, communication, and availability. We are also more efficient because we combine all of your typical services (bookkeeping, accounting, tax, risk management, process improvement, technology implementation, etc.) all in one place.
What is the difference between accounting and bookkeeping?
Bookkeeping involves the recording of financial transactions, while accounting encompasses the interpretation, analysis, and summarization of those transactions to provide insights for decision-making.
How can I minimize my tax liability?
Minimizing tax liability involves various strategies such as maximizing deductions, taking advantage of tax credits, contributing to retirement accounts, and engaging in tax planning throughout the year.
What expenses can I deduct as a small business owner?
Small business owners can typically deduct expenses such as rent, utilities, salaries, office supplies, marketing expenses, business travel, and certain equipment purchases. It’s essential to consult with a tax professional to ensure compliance with tax laws