Succession Planning and AccountingBookkeeping Firms in Pembroke Pines / Miramar, 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 Pembroke Pines / Miramar is essential to the survival of a family business from one generation to the next.
A Pembroke Pines / Miramar 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 in Pembroke Pines / Miramar 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 Pembroke Pines / Miramar.
I came to Paramount as a new client close to the tax deadline after some confusion with Turbo Tax Experts. Max accepted me as a client, cleared up the confusion very easily, and got my returns done in no time. Pricing was transparent and affordable. Max seems very knowledgeable - I’m very impressed and happy that I f...
— Naomi Wentworth, Posted April 8th 2024 on google
The process to file my taxes was painless and smooth.
— Lydia Antonatos, Posted April 6th 2024 on google
I am so glad to have found Paramount Tax. Rafael and Alexandria are a great team. They do all of my bookkeeping and accounting, as well as taxes for my 2 small businesses. They are very helpful and knowledgeable. They are fast to respond and answer every question quickly. I highly recommend them for any tax and account...
(Translated by Google) What a good experience, willing to listen and clarify my doubts, responsible professional!!!! Recommended 1000% (Original) Que buena experiencia vivida , dispuesto a oír y aclarar mis dudas , profesional responsable !!!! Recomendado 1000%
— Mariela Soledad Pimentel Avilan, Posted March 30th 2024 on google
(Translated by Google) To say that it is excellent would be very little compared to the service he provided me. I highly recommend Mr. Luis Aguilera. (Original) Decir que es excelente sería muy poco comparado con el servicio que me prestó recomiendo altamente al Sr Luis Aguilera
— ALPHENIX JOSE JIMENEZ MENDEZ, Posted March 30th 2024 on google
I have been doing my taxes with Paramount for the last 2 years. Rafael is very detailed, he knows his stuff and also gives good tax advice. I’ll be back again next week for my taxes and refer them to family and friends.
— rimpa choudhury, Posted March 26th 2024 on google
Excellent support!!! My tax Return fast and efficient !
— Maria Eugenia Aguilera, Posted March 25th 2024 on google
(Translated by Google) I highly recommend Paramount Tax & Accounting Miramar. Luis Aguilera and his team are not only professional and knowledgeable but also patient and understanding. They take the time to understand your complete tax situation and provide exceptional service. Their availability to answer questions an...
— Alirio Aranguren, Posted March 23rd 2024 on google
Rafael was great and since this was our first time filing in Florida I felt great after he did our taxes. Scared to say the least since we were out of our comfort zone and this is all new to us here. He made us feel right at home and taxes were done in no time. Thanks again.
— Kristy Bessler, Posted March 23rd 2024 on google
(Translated by Google) Excellent services and first-class attention ❤️ super recommended! (Original) Excelentes servicios y atención de primera ❤️ súper recomendados !
— Arianna Morales, Posted March 23rd 2024 on google
Very nice and knowledgeable. Able to complete in a short time without having a problem. Received a nice rebate.
(Translated by Google) I recommend them 100%, very professional, I loved the simple way of explaining. If I could give them more than 5 stars I would. Thank you (Original) Los recomiendo 100% muy profesionales, me encantó la forma de explicar tan sencilla. si les pudiera dar más de 5 estrellas se las daría. Gracias
Started my own business in 2023 and needed help through the tax process. Max at Paramount was super helpful and promptly answered all my questions via phone call, text or email. Made the process super easy. Outstanding customer service and Tax Knowledge. Thanks Max!
— jonathan lopez, Posted March 19th 2024 on google
Paramount Tax made it so easy for me to book an appointment through their website to file my personal taxes. I chose a Zoom appointment that worked with my schedule and received a text/email to upload my documents prior to my appointment, so easy. Rafael C. was great! He helped me better understand my filing status an...
— Stephanie Mahoney, Posted March 14th 2024 on google
(Translated by Google) Rafael is very professional, kind and pleasant. I am very pleased with his work and the time he takes to help me with my tax return. (Original) Rafael es muy profesional, amable y agradable. Estoy muy complacido con su trabajo y el tiempo que dedica para ayudarme con mi declaración de impuestos.
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 in Pembroke Pines / Miramar, is that we know taxes!
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 Succession Planning firm in Pembroke Pines / Miramar. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting in Pembroke Pines / Miramar!
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 in Pembroke Pines / Miramar a call or visit our tax and accountingbookkeeping firm in Pembroke Pines / Miramar for a free consultation.
Through dedication to the three underlying principles of professionalism, responsivenessandquality, Paramount is committed to providing outstanding service to our clients.
Paramount Tax is now offering financial and tax franchises across the US!
In the unlikely event you receive a tax notice, we have an entire audit defense department ready and available to help. We partner with Protection Plus $1 Million Tax Audit Defense so that we can work towards a favorable resolution in every situation our clients might face.
