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Debt Consolidation in Utah

Utah MapIn a recent report from the U.S Census Bureau, it was suggested that Utah has the second fastest growing population out of all of the states in America and a flourishing economy to match. Unfortunately, this increase in population and economy doesnít mean that the residents of Utah are free from personal debt, and in fact levels of consumer debt remain as prevalent today as ever. The recession is largely to blame with the sudden and unexpected financial crisis having an ongoing and long-term affect on the majority of typical Utah households.

Statistics provided by USA Today suggest that the average personal debt in Utah is actually higher than the national average at $62,969. This is nearly $10,000 above the American norm, but the significant difference is balanced out somewhat by higher than standard household incomes. A large percentage of this figure is likely to be the mortgage and according to the same source, the median price of a home in Utah is $202, 616. Naturally, a mortgage isnít the only way in which residents of Utah borrow money and credit card debt, student loans and auto loans also play a significant part. Combining all borrowed money through debt consolidation has been a popular method of regaining control over monthly repayments since the recession and continues to be widely beneficial today.

The economy of Utah is fairly diverse with a number of varying industries contributing to the GSP and wealth of the state. Tourism is a huge industry in Utah and is particularly popular for its recreational outdoor activities. The state is home to five impressive national parks and seven national monuments, all of which have a great deal to offer tourists and local residents alike. Outdoor sports and activities are abundant throughout the year with winter sports including skiing and snowboarding and summer sports such as camping, hiking and mountain biking. Mining and farming also play essential roles in the regions economy with the bulk of agricultural income coming from livestock.

 

In our opinion: Be wary of huge tax incentives when a company comes knocking

Earlier this year, the Utah Foundation released a study on sales taxes that found Utah has granted 91 separate exemptions from that tax, costing the state hundreds of millions of dollars per year. Eac...

Published:  Mon, 19 Nov 2018 09:19:00 GMT



Good News on Tax-Advantaged Investing Plans -- and You May Need It

If you've been maxing out the funds you route into tax-advantaged nest-egg enhancers such as IRAs and ... only four took home the gold -- Illinois, Virginia, Nevada, and Utah. Now I should say that th...

Published:  Sun, 18 Nov 2018 19:10:00 GMT



Utahns place high importance on improving public education, but they rejected a gas tax hike to fund schools

Utah voters are nothing other than, at times, schizophrenic. You may recall that by a 2-1 margin, on Nov. 6 voters rejected a 10-cents-per-gallon gasoline tax increase - with most of the money flowing ...

Published:  Mon, 19 Nov 2018 05:03:00 GMT



Properly Implemented Business Planning Leads to a Sweet Result in Utah State Tax Commission v. See's Candies, Inc.

DALLAS, Nov. 8, 2018 /PRNewswire/ -- Berkshire Hathaway Inc. ("Berkshire") is the parent holding company of a variety of business interests. At its helm is arguably one of the best business minds ...

Published:  Thu, 08 Nov 2018 12:21:00 GMT



Canopy to Offer Tax Prep Product; Capitalizing on $31B Opportunity

LEHI, Utah--(BUSINESS WIRE)--Nov 19, 2018--Canopy, the leading cloud-based practice management platform for tax and accounting professionals, today announced its plans to release its first tax prepara...

Published:  Mon, 19 Nov 2018 05:47:00 GMT



GOED incentives could result in over 2,100 new jobs in Utah

It is one of four companies that will receive tax incentives for expansion plans, GOED announced this week, promising to create more than 2,100 jobs. Merit Medical is a Utah-based manufacturer and mar...

Published:  Sun, 11 Nov 2018 17:24:00 GMT



Utah voters reject nonbinding question for gas tax hike to help fund education

SALT LAKE CITY - Utah voters rejected a nonbinding opinion question that asked whether the Utah Legislature should to raise the gasoline tax by 10 cents a gallon to provide more funding for education ...

Published:  Wed, 07 Nov 2018 17:23:00 GMT



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