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Professional Tax Preparer Addison / Dallas

With the availability of do it yourself tax software, many are left wondering if hiring a tax preparer or purchasing the software is the right option for them. Every situation is different and everyone's taxes are unique. Some may feel secure enough in their knowledge of taxes, deductions and numbers to use the software while others find the very idea of taxes daunting and overwhelming. However, there are a few factors that can complicate taxes and deductions. As a general rule of thumb, if you have any of the following situations, hiring a tax preparer in Addison / Dallas will ensure that you do not miss a single deduction or render yourself liable to audits.

  • Business Owner- Owning a business, big or small, comes with numerous complex tax rules and elections that you may want to discuss with a professional. There are several ways to write off business expenses and a tax preparer will not only be able to assist with your current taxes, but will be able to advise you on the best possible solutions to maximize deductions in the future.
  • Major Life Event- Major changes during a tax year will affect how you file, these can include buying or selling a home, buying or selling a business, inheritance, adoption, divorce, death of spouse of dependant, etc. There are certain rules that apply to each unique situation that can be more difficult to navigate without a professionals help.
  • Multi-state Residency or Employment- Living in one state and working in another, or moving states mid year can present some challenges with state income tax. A tax professional will help you iron out the wrinkles and will help navigate the allocation and residency issues that can arise in living or working in multiple states.
  • Foreign Assets- If you have assets in any foreign country the IRS requires that you report it. There are special forms to file as well as deductions for any eligible expenses they incur. A tax preparer will be able to accurately calculate exchange rates as well as advise on all of the red tape that comes with foreign assets.
  • Mistakes on Previous Taxes- If you have made mistakes on your tax returns, you have three years to amend them, minimizing the damage. A professional tax preparer can help correct and file an amended tax return before major consequences occur.

Tax Preparing Addison / Dallas

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  • Fatima Grady
    Amandeep S. Business owners need a team like this in their corner!
  • Salieu King
    Great price and caring team, really amazing to work with.
  • TAI LA
    They have a team the serve us and makes us feeling like we are in good hands
  • Mai Huynh
    I highly recommend their services to any business owner.
  • Izza Le
    Great experience! The team is friendly, responsive, and really knows their stuff. I’ll definitely be coming back for all my tax needs.
  • Amandeep Saluja
    Kristy is detailed, organized and a pleasure to work with. Highly recommend Paramount Tax anyone looking for a great experience.
  • Cody Scurlock
    Bottom line? The BEST I have EVER worked with, worth EVERY penny and amazing customer service.
  • Anthony Chiesa
    Kristy was amazing to work with! She worked closely with me to make sure that nothing was missed or overlooked.
  • John Landry
    Great experience with Paramount Tax & Bookkeeping, and Christy was a great help. Thanks!
  • Anh Minh
    I have a great experience with Paramount Tax, speacifically with tax preparer, Kristy. They took time to explain everything to me and answered all of my questions thoroughly.
  • Hao Nguyen
    Very professional staff, tax preparer Kristy reached out consistently and communicated effectively of how she was going to do the process, I would highly recommend her!
  • Vivian Nguyen
    Highly recommend them! :)
  • Akila Palaniswami
    Seamless tax preparation and strategies from Paramount Tax team. Very happy and will continue to be their customer.
  • Jamie Edstrom
    If there is money to be saved on your taxes, Paramount Tax will find it for you!
  • Laci
    Tiffany and her team is the absolute best! I feel so confident sending over my network to her & everything will be taken care of for myself and my contacts
  • Max Cole
    Quick and easy! Handled everything for me!
  • mai phuong
    I always receive my financial reports on time, making business planning much easier. Their efficiency keeps my finances organized and stress-free. The team takes the time to understand my business needs. Their customized approach makes a huge difference in managing my finances. Their services are high quality and reasonably priced. I appreciate their honesty with no hidden fees. They ensure my business stays compliant with all tax laws and regulations. I never have to worry about penalties or audits.
  • Nicky 4-Mi
    Their tax professionals helped me maximize my deductions and save money. I never have to worry about missing out on tax-saving opportunities.
  • Nnu Le
    Paramount Tax & Bookkeeping isn’t just a service provider—they’re a true partner in my success. Their dedication and expertise have helped my business thrive. I highly recommend them to anyone in need of professional tax and bookkeeping services.
  • F Danny
    I never have to worry about tax penalties or compliance issues. Paramount Tax & Bookkeeping keeps my business up to date with all tax regulations. Their proactive approach gives me peace of mind.

Paramount Experience

Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accountingbookkeeping firm, such as Paramount Tax & Bookkeeping Addison, is that our firm utilizes the services of licensed professionals.

Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 firm in Addison / Dallas. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Bookkeeping Addison!

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Upgrade to Tax & AccountingBookkeeping Firm

Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accountingbookkeeping firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accountingbookkeeping firm utilizes licensed professionals, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax & Bookkeeping Addison a call or visit our tax and accountingbookkeeping firm in Addison / Dallas for a free consultation.

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Tax Preparing Addison / Dallas

Amendments

It is not uncommon to come across a significant deduction or error that was overlooked when you filed taxes. When this happens, the Internal Revenue Service allows you the opportunity to retroactively amend your taxes to rectify such errors. Whether you received a revised 1099, overlooked a sizable charity deduction, or even miscalculated your mortgage interest, amending your tax return can help you recover the money you are rightfully owed.

At Paramount Tax and AccountingBookkeeping, we not only help you amend your taxes, but also:

  • Calculate your estimated refund
  • Identify reasons (if any) NOT to amend
  • Determine the timing of filing an amendment
  • Determine whether amending your taxes is worth the time and investment

Although there are no requirements or penalties for not filing an amendment, our tax return specialists at Paramount Tax & AccountingBookkeeping can help you best understand.

Free Consultation 945-267-5355