Succession Planning and AccountingBookkeeping Firms in Coral Gables, FL

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 Coral Gables is essential to the survival of a family business from one generation to the next.

A Coral Gables 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 Coral Gables 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 Coral Gables.

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786-788-7877

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Hear Why Our Clients Love Us

Alexander Khanin

I am glad I found Jeff and Dough. They always put me at ease. They know their stuff and very professional!
Russ

Mr. Thompson and Mr. Lee are knowledgeable and fun to work with. They always make it more than worth the small fee to file my taxes with them.
Rex Galbraith

Jeff and Talena are so easy to work with and I trust them to understand my financial and tax strategy. I've referred 4-5 people to them and will continue to do so. They're really good at understanding your goals and making sure you clearly understand your options.
Adam Humpal

Making an appointment was easy and they helped guide us through the tax process and complete our return. They helped us identify ways to reduce our tax burden. Thank you! Edit*** this year Jon and Braden took good care of us and got us back some of our hard earned money and it didn’t take a ton of our time. Awesome job.
Tanner Kirk

Braden is nothing short of amazing to work with. You can tell he loves what he does and is passionate about doing a great job. He’s up to date with all the latest tax strategies and does a great job informing you about them. So glad I found him at Paramount.
Marcella Naumu

Braden did an excellent job on our taxes!
Mark Martinez

We work with Braden, Isaak, and Paula and they attend to our every need and respond quickly whenever we reach out to them. We highly recommend them and their team! Thank you for your great services
S Lee

Talena Johnson has been excellent to work with! Patient, personable, proficient, and helpful are words I’d used to describe her.
Dustin Batty

We enjoy working with Paramount. They are attentive, answer questions and have made our tax planning easy.
Brett Whiting

Always a great experience with them. They make tax planning and tax filing a breeze. Thank you Paramount Tax!
Alex Podmazka

Amazing experience!
jeff collins

I’ve worked quite a few tax services. Have been really happy with Jeff, Talena and team to efficiently help me find ways to save on taxes. I’ve used their service several years now. Each year taxes getting more complex with business, real estate etc.. highly recommend the team
Colby Heiner

Great partners in tax strategy and they work cohesively across my personal and business tax situations. They were recommended by a friend and I have had a great experience working with them for almost 2 years now.
Matthew Bauer

Paramount has been incredible to work with. Very thorough and responsive and always acting in our best interest. Would highly recommend!
Chance Peterson

Very helpful in helping with my taxes!
Karen Senkbeil

Awesome experience, very responsive and friendly staff
brie w

Braden is amazing kind, easy to work with and has saved me a lot of money!
Rosalyn Wynn

Jeff and his team are amazing! Highly professional, easy to work with, and so knowledgeable about the tax industry. I recommend him and his team to everyone I know!
Johnny Dance

Professional, timely, and informative. Paramount has had me and the business top of mind. I’m very appreciative of their strategic and collaborative approach.
M Char

Jeffrey was very helpful. He made the information easy to understand.

Don’t Leave Money Behind

Maximize your deductions and reduce your liabilities. Schedule with Paramount Tax & Accounting Coral Gables today

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

Free Consultation 786-788-7877

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

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