May 2026

A monthly newsletter brought to you by your Pratt and LeFevre Corporation Team

Tax season is behind us, which means it is time to shift from reporting to refining. Spring is the perfect moment to clean up what is not working, optimize what is, and set your business up for stronger, smarter growth in the months ahead.

From financial strategy to marketing performance to operational systems, small improvements made now can create meaningful momentum for the rest of the year. Here is where you can focus next.

Wealth Planning and Management: Turning Income Into Long-Term Growth

Wealth is not just about income. It is about how you grow, protect, and align it with your future. With personalized wealth planning, your finances become intentional and built around your long-term goals.

At Pratt and LeFevre, every strategy is tailored to you. With expert guidance from a dedicated Wealth Manager, you gain clarity, structure, and a smarter path to lasting wealth.

Connect with a Premier Wealth Manager today and start building beyond the numbers.

Spotlight: Jeff Wood

Jeff Wood, CFP®, CPA®, CMA
Wealth Advisor

Jeff gained a passion for financial services in 2001 while attending Brigham Young University, where he earned his Masters in Accounting. After graduating, Jeff worked in public accounting at KPMG and Deloitte. He and his wife, Annmarie, have lived in Japan and California, and are now back to their roots in Utah.

Jeff has worked in banking, public accounting, and other executive positions in the financial industry. His passion for helping families with their financial plans never left him, and he re-entered the financial field once again in 2014. He loves educating his clients about various financial concepts and helping individuals overcome the challenges they face.

Jeff and his wife live in Saratoga Springs with their four children and one dog.

Connect with a Premier Wealth Manager today and start building beyond the numbers.

AI Forward Marketing: Reaching the Right People With the Right Message

Marketing today is not just about visibility. It is about precision. Businesses that embrace AI-forward marketing are able to better understand their audience, refine their messaging, and create campaigns that actually convert.

This approach removes guesswork and replaces it with insight-driven strategy. The result is more efficient ad spend, stronger engagement, and better customer relationships.

Spotlight: Boyd Petersen

Boyd Petersen is an author, digital marketer, serial entrepreneur, and Fractional CMO.

Boyd has owned many types of businesses, including a cell phone sales company, computer sales, community newspapers, social media, and now four companies: Big Picture Media (digital agency), HomeLivingUtah.com (online magazine), Gotcha QR (people, pets, and property location finder), and he is the President of the South Jordan Chamber of Commerce. He is also a Fractional CFO for several companies, including Pratt and LeFevre.

Boyd has written 10 books on business, including books on finding and starting a side hustle, building a business from scratch, marketing your business, and more. He has also written several fictional books and short stories.

Another thing is that Boyd loves working with businesses to help them find and attract their perfect clients. Three of his four businesses are centered around helping companies do exactly that.

Boyd Petersen
Big Picture Media
801-580-3310
boyd@bpmedia.com

Payroll Done Right: The Backbone of Operational Success

Payroll is often seen as a routine task, but it plays a much bigger role in business success. Accurate, compliant payroll supports your team, protects your business, and ensures your financial data reflects reality.

When payroll is set up correctly, it becomes more than a function. It becomes a tool for forecasting, managing labor costs, and improving profitability.

Spotlight: Keith Owens

Keith Owens is a senior financial executive with more than 25 years of experience leading financial transformation, operational turnaround, and strategic growth across construction, trades, manufacturing, and multi-entity business environments. His career is defined by hands-on leadership in complex, underperforming, and rapidly scaling organizations where financial discipline, operational alignment, and decisive action are essential.

Keith has rebuilt financial infrastructure for construction and trade companies, implemented cash-flow stabilization programs, and led end-to-end restructuring initiatives that restored profitability and strengthened long-term viability. His expertise includes designing job-costing systems, improving WIP reporting accuracy, optimizing project-level margins, and developing forecasting models that give owners real-time visibility into performance, risk, and resource needs. He is known for stepping into chaotic or distressed environments and quickly establishing clarity, structure, and financial control.

He has successfully navigated high-pressure situations involving debt restructuring, covenant compliance, vendor negotiations, and liquidity crises. Keith partners closely with owners, field leaders, and operational teams, bridging the gap between financial strategy and day-to-day execution to ensure leadership decisions translate into measurable results in the field.

Keith also brings extensive hands-on experience managing payroll operations for both small and large multi-state workforces. He has overseen payroll restructuring, compliance alignment, certified payroll requirements, labor cost reporting, and the integration of payroll with job costing and field operations systems. His approach ensures payroll is not only accurate but also leveraged as a strategic tool for labor forecasting, margin protection, and operational decision making.

In addition to his turnaround and operational leadership, Keith has deep experience in entity structuring, asset protection, and long-term wealth preservation. He has helped business owners reduce tax exposure, protect assets from operational and legal risks, and ensure smooth transfer of wealth to beneficiaries without unnecessary taxes, litigation, or probate.

Recognized for his calm and pragmatic leadership style, Keith excels in environments that demand clarity, accountability, and rapid improvement. He brings a proven track record of stabilizing financial operations, strengthening internal controls, and guiding organizations through periods of uncertainty and transition

DISCLAIMER: Pratt and LeFevre Corporation has several attorneys on retainer. Any information contained herein should not be considered legal advice. The above is only an explanation of instructions given to Pratt and LeFevre Corporation by our attorneys which we have been given permission to explain from a lay-person’s point of view only. Any clarification or questions must be answered directly by an appropriate attorney.