The Utah Governor’s Office of Economic Development (GOED) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce that 1-800Accountant will open an office in Utah, creating up to 120 new high-paying jobs in the next five years. The company anticipates project-related capital expenditures of $211,000.
“1-800Accountant has a unique business model where many of the company’s employees work remotely, and services are performed virtually,” said Val Hale, GOED’s executive director. “Given our current situation with COVID-19, it’s great to see companies providing these opportunities for employees. We’re pleased they chose Utah to expand, and we welcome them to the state.”
1-800Accountant is an online virtual accounting firm that offers services for small businesses. They have multiple teams of CPAs, tax professionals, bookkeepers and payroll specialists who provide accounting services including tax, bookkeeping, payroll and advisory services to clients throughout the United States.
“Utah is a great place for businesses to start,” says Brendon Pack, chief revenue officer of 1-800Accountant. “We wanted to expand our operations to a state that understands the needs of small business owners. With a preferential tax system that supports small businesses, Utah is the ideal choice for our new office.”
The GOED Board has approved a post-performance tax credit not to exceed $160,974, over the five-year life of the contract.
“Locations on both the East and West Coast competed for this expansion,” said Theresa A. Foxley, president and CEO of EDCUtah. “Thanks to the quality of talent coming out of the finance programs of our universities and our competitive costs of doing business, Utah won out. We look forward to helping 1-800Accountant thrive here.”
Vlada Yaremenko, business development analyst, led this project for EDCUtah.