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Professional Tax Preparer Fredericksburg

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 Fredericksburg 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 Fredericksburg

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Hear Why Our Clients Love Us

  • Ethenrae Antonio
    Highly recommend this place for anything financial related services!
  • TIMOTHY VOZZOLA
    Paramount tax was tremendously knowledgeable and professional. I would highly recommend their services and would use them again in the future.
  • Juliana Johnson
    Jeff did an amazing job at helping me achieve financial peace! Would recommend his services to anyone.
  • Martin Ward
    Jeff is experienced and very professional
  • Gunnar Barron
    Jeff is a knowledgeable and friendly tax professional.
  • Patrice Summers
    Jeff brings years of tax knowledge and experience. Super customer service oriented and very professional. Jeff will free up your time to do something else besides filing your own return.
  • Ariel Diaz
    He is very professional.
  • P.A. Giovanetti-Quaranto
    Great experience, professional and accurate assistance. Local business tax guidance which you can't find every where. Friendly and knowledgeable staff with prompt service.
  • Dan Erndle
    Jeff is exceptional to work with. He not only understands the law and thoroughly explains details and requirements, but also gave great advice on actions we should take. He is most highly recommended.
  • Dorothy Ward
    Jeff is the first person I would contact with any tax issues since I know he is a man of integrity and knowledgeable of tax regulations and requirements. Jeff has a pleasant personality and is approachable.
  • Scott Witter
    Jeff has been tremendous to work with and extremely knowledgeable and professional. I would highly recommend. You're in great hands with Jeff and Paramount Tax and Accounting.
  • Troy Thomas
    Jeff has great knowledge and is a wonderful help. He is attentive and knows how to make tax questions less complicated. Call Jeff today!
  • Tatyana Ganeyeva
    I have had a pleasure of knowing Jeff for many years. He is a person of high integrity, very responsible, kind and patient. It is always a pleasure communicating and doing business with Jeff.
  • JC
    Great tax service, knowledgeable with business and personal tax filings at the federal, state and local level. Friendly and easy to work with. Highly recommended.
  • Autumn Raack
    Jeff has had years of experience and it shows. He has helped me on multiple occasions and I am always so grateful for his knowledge.
  • Darrell Judkins
    I recently contacted Jeff and we set up a zoom call to have him answer a few questions I had about taxes and tax strategy. He gave me good advice and shared things I was not aware of. He was able to simplify and help me understand my tax situation in a whole new light. He is kind, easy to talk with and knows tax strategies and tax returns really well. Thanks Jeff
  • Trip von Minden
    Jeff brings years of tax experience to the table. He can help you solve your tax problem!
  • Naomi Gordon
    I worked with Jeff for 15 years at the IRS and was a witness to his extensive tax knowledge. Jeff always provided support if needed and was dedicated to his position. As a client please know you will be in good hands.
  • Melissa Smith
    Great customer service. Worth every penny!
  • Pat Weinhardt
    Mr. Flagg was willing to listen and give good advice.

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

Free Consultation 540-395-2090

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

Individual Tax Preparation Business Tax Preparation

Tax Preparing Fredericksburg

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 540-395-2090