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Bookkeeping Services in Bountiful, UT

As a small business owner you have more important things to do than to keep your own books. As one of the top tax preparation firms in Bountiful you can trust us to expertly manage your books for you, so you can get back to the job of running your business and generating profits!

Each month or quarter we'll do the following things for you...


These tasks form the solid foundation of your small business AccountingBookkeeping system. You can customize the package of Bountiful tax services you receive by adding payroll, tax planning, tax preparation, or any of our other services including Quickbooks support .

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, AccountingBookkeeping, and taxes up-to-date.

Having us reconcile your account each month allows you to...

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

  • Track revenues and expenses so that you can determine the operating performance of your business.
  • Determine what areas of your business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you...

  • Quickly get a handle on the financial strength and capabilities of your business.
  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
  • Determine if your business is in a position to expand.
  • Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
  • Determine if you need to take immediate steps to bolster cash reserves?
  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

Contact Paramount Tax & Accounting Bountiful if you'd like to receive a Free Consultation on our Small Business AccountingBookkeeping Service.

Easy Online Booking

Get started with Paramount for your tax services in Bountiful, UT, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Bountiful

Easy Online Booking

Get started with Paramount for your tax services in Bountiful, UT, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Bountiful
Request Appointment

Bookkeeping cpa Bountiful

Very impressed with their service and professionalism. Absolutely the best.
— Jake Logan, Posted March 27th 2024 on google
I went in and talked to Leo after years of feeling like I was paying too much in taxes. He was able to help me save money by cutting my taxes literally in half. I'm a small business owner and this place has helped me so much. 10/10 recommend
— Adam Mann, Posted February 22nd 2024 on google
For this tax season, I decided to go to Paramount Tax and work with Leandro. I had a wonderful experience! He was incredibly professional, thorough, and personable. I ended up receiving a far better outcome than I had thought due to his expertise and thoroughness doing my taxes. Would definitely recommend Leandro's ser...
— Ashlyn Taylor, Posted February 13th 2024 on google
Leandro was very informative, thorough and assisted us with our business taxes. He really cares about his clients and makes sure that your taken care of. Very quick and easy process. Would Recommend to my family and friends.
— Ashley Mira Beauty, Posted August 14th 2023 on google
Leo is the man! Very professional and thorough
— Tyson Cunningham, Posted April 17th 2023 on google
Leandro was awesome! I’ll be back!
— Carson Babbitt, Posted March 23rd 2023 on google
Cares about getting ya what you deserve
— Canderis Ordo, Posted March 20th 2023 on google
Leo paid very close attention to everything on my taxes and I left with confidence that I wasn't missing anything and he got me the best return possible. Thank you Leo!
— Kevin Day, Posted March 14th 2023 on google
Leo helped me out of a complex tax arrangement with multiple businesses and ended up saving me a thousands of dollars. I’ll be going back next year! He’s incredibly talented!
— Sam Brown, Posted March 8th 2023 on google
Leo and Parker were great. They aren’t the cheapest firm around, but they had a deep knowledge base and were able to get me $3,000 more in my return than I would have received if I did my taxes on TurboTax. I definitely would recommend their service!
— Daniel Poulsen, Posted February 14th 2023 on google
Helped me get a huge refund! They are very affordable and help with all kinds of unique situations as well as normal tax issues. Very highly recommend and will always come back!
— Chase Short, Posted February 13th 2023 on google
It was great working with Leo. We were excited to work with Leo and happy we got the advice we needed for our current tax return and future tax returns. We’ll definitely be coming back next year.
— Francisco Escobar, Posted February 10th 2023 on google
Leo is super helpful and was able to save us a lot of money. Definitely would recommend.
— Cameron Suttner, Posted February 6th 2023 on google
Leo was great to work with. He took his time to understand my situation and did a great job maximizing my returns. He is very friendly and genuinely cares about helping people. I would definitely recommend him to my friends and family.
— Ryan Robinson, Posted January 19th 2023 on google
Leo at Paramount is one of the kindest and most informative accounts we’ve ever had. Easy to get along with and very educated he will help to get the best return possible for your gain with your business or individual tax returns!
— Troy Lennerd, Posted August 31st 2022 on google
Leandro (Leo) Couto, was able to HELP me, with my taxes as new business owner. He cares, communicates, and explains the process of what to expect. Leo goes above and beyond to make a difference in people's lives. Thank you Leo!
— Eddy Berrest, Posted August 21st 2022 on google
Leandro was very professional and knew exactly how to help us with our business taxes. Will come here again.
— Kylen Hughes, Posted April 20th 2022 on google
Leandro was really great to work with. I've always prepared my own taxes in the past but I've become less confident in my ability to do my own taxes as my situation has become more complicated. Leandro had no problem sorting through my taxes and gave me peace of mind knowing my taxes were prepared correctly.
— Troy Arbuckle, Posted April 7th 2022 on google
Leandro Couto is wonderful! He’s personable and kind and made my whole self-employed business tax filing process completely painless…(almost enjoyable, even!) Not only that, but he saved me over $10,000 on my taxes! I’m seriously blown away. I will be working with him from now on for all of my accounting needs.
— Mindy Schiffman, Posted April 7th 2022 on google
Leandro was personable and knowledgeable and was able to get my maximum refund. 5 stars!
— Brady Parker, Posted April 3rd 2022 on google
Bountiful, UT Tax Review

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

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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 Bountiful a call or visit our tax and accountingbookkeeping firm in Bountiful for a free consultation.

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Bountiful, UT Tax Services

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