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Professional Tax Preparer Carmel

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 Carmel 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 Carmel

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Hear Why Our Clients Love Us

  • Denise Deen
    My consultation with Paula was informative. She provided detailed tax advice that steered me in the right direction to file my taxes.
  • Oral_V_ Stephenson
    Paula Fisher is an experienced accountant who commands the respect of her peers. Her professionalism, ethical decision-making, and exemplary business savviness, tie together to provide the perfect value laden experience.
  • Owais Ahmed
    Great experience with Paramount Tax Carmel! Paula is super helpful, professional, and easy to work with. Really appreciate her guidance — I’m sure I’ll have more questions down the road, and I know I’m in good hands when I do.
  • G G
    Paula is professional and efficient and does an excellent job. I highly recommend Paramount Tax & Accounting for all your tax and accounting needs.
  • Rhonda Conolly
    As a qualified Accountant Paula is super competent and organized with a drive for perfection. I can highly recommend.
  • Lorna Gunter
    Great Company! They took the time to understand my unique situation, answered all my questions clearly, and made the entire process stress-free. I felt confident knowing my taxes were in the hands of true experts. They are knowledgeable about what they specialize in. I’ll definitely be returning next year.
  • Michelle Housen applejack
    THEY PROVIDE PROFESSIONAL SERVICES
  • ANDREW ROBINSON
    Paula continues to impress as the absolute professional- dedicated, organized and meticulous.
  • Reecie Reece
    Mrs. Paula Fisher has a formidable level of experience and professionalism as an accountant for the past few decades. I am sure she will carry this expertise and insight in navigating her newly acquired company. She has a high standard of accuracy, organizational skills and fulfilling deadlines. She has also been readily helpful in providing assistance or advice for other entrepreneurs and even personnel in other industries, as they excel in their profession or business. Contact Paramount Tax & Accounting Carmel for your tax management and accounting needs.
  • Christopher Hopkins
    I've always been impressed with Paula's ability to multi-task and manage competing priorities while exceeding expectations. When she was managing a sensitive project for me, there was an unexpected difficulty that she resolved on the spot and creatively. I would recommend her to anyone who needed someone focused, driven, and attentive to manage sensitive affairs.
  • helen enebeli
    I have known Paula for 16 years and she has always been dedicated, diligent, and has always had a great attention to detail. She has a great work ethic. I have always known her to take work home if need be to get the job done. I would recommend her to anyone who needs a dedicated and diligent accountant.
  • Ornella McLeod
    This firm is not only knowledgeable and highly professional but also responsive and attentive to details. Definitely recommended. Thank you Paula, for the personalized service!
  • Vanessa Williams
    I have previously used their services and I was pleased with the team as they are knowledgeable, responsive, and always willing to explain complex financial matters in a way that's easy to understand. I would highly recommend their services.
  • Mohammad Shahnawaz Alam
    Paula is great at Tax Filing. She makes sure that all needed docs are there , shows all the details and discusses each item clearly. Thanks Paula once again!
  • Doreen Chin-Mason
    Listen to my concerns and very professional.
  • Georgina kerford
    I have had the pleasure of knowing Paula for over 15 years, and I can confidently say that she is one of the most professional and hardworking individuals I have ever met. At Paramount Tax and Accounting, Paula consistently demonstrates an exceptional level of expertise, dedication, and integrity. I trust her fully with all my accounting and tax needs, and I highly recommend her services to anyone seeking reliable and professional financial guidance. With Paula and her team, you can be assured that you are in excellent hands.
  • Sue Fleming-Kerford
    Paula is an expert in accounting with great accuracy. Her professionalism is to be admired.
  • Curtis Mason
    I have known Paula for over 20 years. Within this period she has proven herself to be the consummate professional who also has high moral standards and integrity. With Paula you are in excellent hands
  • Yoshneck Mutomba
    Paula is a great professional and am glad that she has reached this milestone. I recommend her highly.
  • Gladys Ehi
    I have known Paula for a while now, she is very professional and easy to talk to.

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

Free Consultation 317-930-1411

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

Individual Tax Preparation Business Tax Preparation

Tax Preparing Carmel

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 317-930-1411