Accounting Firm in Cottonwood Heights , UT

As a small business owner you have more important things to do than to keep your own books. We take care of 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 accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, 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 our Cottonwood Heights tax accountants 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 Cottonwood Heights for any Cottonwood Heights tax related questions. We are happy to assist any way we can!

acounting firms Cottonwood Heights

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

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Contact Paramount Tax & Accounting Cottonwood Heights

Easy Online Booking

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

OR

Request Appointment

Contact Paramount Tax & Accounting Cottonwood Heights
Request Appointment

tax accountant Cottonwood Heights

Truly the best experience. Josh and his team really know their stuff and are insanely organized. They've been taking care of my business taxes for years. I highly recommend!
— Lilly and Iris, Posted February 19th 2024 on google
Josh and his team are amazing! Very quick to process taxes, very knowledgeable about all tax-related questions, and very thorough in explaining all details on returns. Have used these guys since I started filing a return as an American living abroad a few years ago, and now using them for the business that I started as...
— Andrea Jones, Posted February 12th 2024 on google
Josh’s team have always treated me well for personal and business taxes.
— Sam Despres, Posted February 8th 2024 on google
Josh always takes great care of me and my biz!
— erica bee, Posted February 7th 2024 on google
Joshua Pyne and his team were great. They made this tax season extremely easy to handle.
— Joshua Hepworth, Posted February 7th 2024 on google
about 6 years ago I was facing some serious IRS issues. I had called all around no one helped me, I had left a message with Josh Pyne. He called me back on his lunch break and walked me through everything I needed to do. He literally set me on the right path to rectify all my issues. Here we are 6 years later and I wou...
— Josh Hall, Posted January 10th 2023 on google
Josh is AMAZING. I highly recommend Paramount Tax & Accounting for your Bookkeeping AND Taxes. I am always pleased with his/their services. Thank you Josh!
— Christina Thomas, Posted November 19th 2021 on google
I saw Roy today 9/27/2021. Had not seen a good tax accountant since I last saw Roy at his previous location. So Roy has to do a few amended returns and 2020 return for me. Roy is trustworthy, understood my needs and concerns. So glad I found him once more.
— Theresa Falzone, Posted September 27th 2021 on google
I'm starting a small business and Josh Pyne was able to provide thorough answers to all of my questions. I really look forward to working with them in the future as my business grows!
— Kirsten Tinko Rogers, Posted September 16th 2021 on google
I met with Josh Pyne over Zoom to get some tax advice. I look forward to implementing his tax strategies.
— Trisha Weaver, Posted August 31st 2021 on google
Maggie was amazing!! She was so kind and helpful and helped fix all of our problems. I am switching to paramount tax and accounting from now on and will be asking Maggie for help again in the future.
— Kyle Hall, Posted August 27th 2021 on google
Roy gave me great advice on a financial issue I was having. I feel so relieved after speaking to him. He was very attentive and helpful in my situation.
— Kelly Nieto, Posted August 27th 2021 on google
Very knowledgeable, helpful and easy to talk to. Looking forward to working with them for all our tax needs!
— Tawnya Prince, Posted August 24th 2021 on google
As you can imagine, it is very nerve wracking to have to deal with the IRS and with Paramount Tax & Accounting that anxiety completely goes away. They have been great to work with, very helpful and extremely competent. I feel lucky to have found them.
— Josh Hamer, Posted February 12th 2021 on google
We love working with Josh and his team. They are great people, extremely knowledgeable, and wonderful resources.
— Dallen Baldwin, Posted July 26th 2021 on google
Josh and Chris at Paramount Tax are awesome. They’re responsive and quick to respond. I really am glad that I switched over to using them rather than staying with turbo tax. They’ve supported me as my business has evolved and growed. 😊
— A L, Posted December 10th 2020 on google
Good relatable people. Very helpful.
— David Eaton, Posted June 11th 2021 on google
Great experience. Very thorough and easy to work with.
— Brian Cota, Posted May 11th 2021 on google
This place was amazing. I have been doing my taxes with turbo tax for the last few years. My situation changed this year and turbo tax said I was going to owe around 6000 dollars. I took it to these guys and they ended up getting me a refund of over 4000 dollars!!
— Stewart Russell, Posted April 14th 2021 on google
Josh was extremely helpful answering all our questions and taking care of doubts we might have had about our taxes.
— David Escalante, Posted April 12th 2021 on google
Cottonwood Heights , UT 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 Cottonwood Heights, 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 Cottonwood Heights . So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Cottonwood Heights!

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

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