$1 Million Tax Audit Protection 

Professional Tax Preparer Bountiful

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 Bountiful 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 Bountiful

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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!

Free Consultation 801-683-9734

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

Individual Tax Preparation Business Tax Preparation

Tax Preparing Bountiful

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 801-683-9734

After an issue with the filing they were responsive and immediately corrected it!
— David Mendoza, Posted July 4th 2024 on google
Leo is very helpful and trustworthy with both my personal and business tax needs. I’m a repeat customer because he is helpful not just as tax season but throughout the year as tax needs arise.
— Robbin Clark, Posted September 13th 2024 on google
Leo is fantastic!!! He’s been amazing with helping us the past few years. I highly recommend having him help you with all your tax needs.
— Todd Clark, Posted September 13th 2024 on google
Leandro was very helpful!! I highly recommend!!
— Ishleka Bloodsaw, Posted July 17th 2024 on google
Last year I went to Paramount to get my taxes done and I was pretty stressed about it. Being self employed there's so much to remember and take into account for my taxes. I met with Leo and he took away any stresses I had. Not only did he handle my taxes with expertise but he got me a return as well! This year I didn't...
— Zach Twiggs, Posted April 1st 2024 on google
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