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Succession Planning and AccountingBookkeeping Firms in Amherst, Ludlow & Belchertown, MA

Succession Planning Services

If you own a family business, retirement isn't simply a matter of deciding not to go into the office anymore. You've got some critical questions to answer like...

"What happens to the business when you're no longer running it?"
"Will you have enough money to retire?"

The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.

Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord - or both.

Developing and implementing a well-designed succession plan with a Amherst, Ludlow & Belchertown is essential to the survival of a family business from one generation to the next.

A Amherst, Ludlow & Belchertown tax accountant can help you with these key issues -

  • Keeping it in the family. Are you going to pass the business on to your family or sell it to a third party? We help you weigh the advantages and disadvantages of each of these options.
  • Who's going to run the business when you're gone? Management and ownership are not one and the same. You may decide to transfer management of your business to just one of your children but transfer equal shares of business ownership to all your children, whether they're actively involved in the business or not.
  • Minimizing the tax bite. The tax burden when transitioning a family business can be significant. The challenge is that a family business is not generally a liquid asset, but taxes are typically due when ownership is transferred.
  • Making it fair. Transferring family ownership often adds a tremendous amount of stress to individual family members. We talk with each of the family members to ensure that they feel they a getting an equitable and fair share of the pie.

What we do for you...

  • Once we understand how you feel about the key issues above, we begin constructing your succession plan focusing on these 5 issues...
  • Business Valuation
  • Business Restructuring
  • Tax Consequences
  • Retirement Projections
  • Tax Projections

Contact Paramount Tax & Accounting Pioneer Valley if you'd like us to help you pass on what's taken a lifetime to build. We offer free consultations on all of our financial planning and tax services in Amherst, Ludlow & Belchertown.

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Hear Why Our Clients Love Us

  • Emily Merriman
    Very attentive! The tax expert figured out exactly what needed to be done each step of the way. Jeffrey took excellent care of all the details, and I look forward to benefitting from his services again.
  • Gabriel Oliva
    Jeffrey at Paramount Tax & Accounting Pioneer Valley was outstanding to work with! He was professional and pleasant, and he worked very quickly and efficiently. I would highly recommend him to everyone, and I’ll be going back to him come tax season next year. Thanks Jeffrey!
  • Garrett McNellage
    Jeffrey at Paramount Tax & Accounting Pioneer Valley was incredible to work with. My wife and I reached out just two weeks before the filing deadline, feeling overwhelmed by a pile of tax forms and unsure where to start. Jeffrey picked up right away, set up a video call, and immediately made sense of everything. Within days, he had our returns ready—securing a great refund for my wife and cutting what I owed the IRS by more than half compared to what I would’ve paid filing alone. The whole process was quick, convenient, and stress-free. We’re so relieved to have found a reliable, trustworthy accountant and highly recommend Jeffrey to anyone who wants their taxes done right without the headache.
  • Rosie Katz
    Jeff was excellent and very patient in helping us with our complicated multi-state return. We would highly recommend his services.
  • Carol O'Connell
    I would lay down in traffic for Jeffrey, great accountant, answered all my questions, very thorough. I have total peace of mind regarding my taxes.
  • Jesse Stamell
    Jeffrey and Paramount Tax were extremely efficient and helpful in getting my taxes filed. Above all, I appreciated the clear and detailed information I was given and the patience and follow through shown by Jeffrey in handling my return. I would 100% recommend going with Paramount if you're looking for a knowledgable and trustworthy tax professional or accountant.
  • Ian Lippincott
    As a freelancer, I've handled my taxes using online filing systems for years. However, when faced with complex financial issues and divorce asset division, I needed professional help. I found Jeffrey Heinze Fry of Paramount Tax & Accounting through a local search. His expertise, attention to detail, and genuine desire to build a working relationship made him stand out. Jeffrey's keen eye for missed credits and undervalued filings saved me thousands of dollars. He is sharp, direct, and works efficiently at a reasonable price. I plan to keep him as my accountant indefinitely. Bonus points for bonding over our shared love for a classic video game series! Highly recommended!
  • Wilton Schereka
    There are not enough stars I can give Jeff (Jeffrey Heinze Fry), at Paramount Tax & Accounting Pioneer Valley for the incredible work he did in helping us get our taxes sorted. He helped us file for this year, quickly, efficiently, and with great communication. I cannot recommend his services enough!
  • Sindhoora Prakash
    Had a tax consultation with Jeffrey and he was great - super patient, clear, and easy to talk to. He explained things in a way that actually made sense and didn’t mind going over my follow-up questions multiple times. Really appreciated how approachable and thorough he was. Would definitely recommend!
  • Caleb Langer
    Jeffrey was very helpful and knowledgeable. He was able to answer a lot of questions about tax situations that wouldn't be straightforward using an online tax program. I would recommend Paramount for your tax and accounting needs.
  • Karla Doherty
    Jeff has been a huge support throughout our tax process. He answered all my questions and helped us manage our way through any obstacles. He was always readily available and that helped ease any stress that may come with the tax process.
  • Marcus Davis
    Jeffrey is so thorough and knowledgeable. We had some interesting work and home changes this year to navigate, and Jeffrey's careful research helped us arrive at the right solutions for us. It's great to have that kind of confidence when dealing with taxes, and we look forward to working with him in the future. I highly recommend Paramount!
  • ANA CELIA ADLER
    Jeffrey is very nice dedicated.and team work oriented.
  • Juan Rincón
    Jeffrey is a great professional, a great human being, and his work is always done with great effort and quality.
  • Wayne Cranton
    Jeffrey provided an excellent, comprehensive, and professional service for a very reasonable fee. His communications were consistently prompt and responsive throughout our interactions. I was particularly impressed with Jeffrey's approach to explain, advise, and steer us through the process clearly and transparently. Highly recommended.
  • Gene Fry
    Jeff was knowledgeable, courteous and helpful. He listened carefully to what I had to say and incorporated that into my return. Filing went smoothly.
  • Brian Terbush
    Jeffrey was very helpful in making sure I knew what all the forms I needed were to maximize my refund - and when I didn't know, he told me exactly where to look! Great, quick communication, and a very simple process to share your documents on a user-friendly site that was easy to navigate.
  • David
    Jeff's very thorough and systematic approach gave me a great deal of comfort that my tax filings were complete and accurate. He also provided exceptional value in helping me to navigate the complexities of reporting foreign assets. I will certainly be a returning customer.
  • Govind Srimathveeravalli
    Giving a shout out to Jeff and his services. Exceedingly patient, detail oriented and thorough service. Highly recommend if you are looking to save time on a regular filing or have more complicated filings.
  • Ayla Heinze Fry
    Jeffrey is a hardworking, highly intelligent guy with an eye for detail, and great at finding efficient solutions. He is one of the most fair and honest people I know. When he did my taxes this year, I was relieved because it was off my plate and in the hands of someone capable and trustworthy. Since then, Jeff has also given me good financial advice. In addition, he listens and takes into account what you say, is very clear and good at explaining if you would like to know more details, and has a good sense of humor. UPDATE: Jeffrey prepared my taxes this year, and it was a quick and easy process. I'm relieved to have them done ahead of schedule!
Amherst, Ludlow & Belchertown, MA Tax Review

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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 & Accounting Pioneer Valley, 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 Amherst, Ludlow & Belchertown. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Pioneer Valley!

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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 & Accounting Pioneer Valley a call or visit our tax and accountingbookkeeping firm in Amherst, Ludlow & Belchertown for a free consultation.

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Amherst, Ludlow & Belchertown, MA Tax Services

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