Professional Tax Preparer Cottonwood Heights

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 Cottonwood Heights 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 Cottonwood Heights

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Paramount Tax & Accounting - Cottonwood Heights tax accountant

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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 - Cottonwood Heights, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from other finance professionals by stringent qualification and licensing requirements.

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 Tax Preparing 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!

Free Consultation 385-529-0814

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 such as CPAs, EAs and Attorneys, 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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Tax Preparing Cottonwood Heights

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 385-529-0814

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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 G. 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
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. 😊
— Alex Lozano, Posted July 21st 2021 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
They are the best here. Amazing detail and make things easy to understand!
— B Wil, Posted April 7th 2021 on google
Josh Pyne is very thorough and able to handle our family's multi-state tax concerns.
— Kim W, Posted April 5th 2021 on google
Very good service and super fast. Definitely going back next year!! It made my life easier and more relaxing!!
— Efthymia Symeonidi, Posted March 18th 2021 on google
This was my first year as an independent contractor and I felt overwhelmed on what to do and where to start. Josh explained everything I had questions about and got me a better return than expected. Thanks again, - Arianna D.
— Nathan Katz, Posted March 16th 2021 on google
Josh is so helpful with taxes. I felt incredibly overwhelmed with my business taxes as I was new to filing them. He guided me through everything I needed to bring to him and made the process much easier on me. I highly recommend Josh.
— Ash Parker, Posted March 10th 2021 on google
The guys at Paramount are very friendly. Josh is very informative has mad filing my taxes easy. I would highly recommend them!
— Jeremy Seegmiller, Posted March 8th 2021 on google