Paramount Tax & Bookkeeping Frisco Blog

Summer is a season of sunshine, vacations, and relaxation, but for small business owners, it can be a challenging time. With employees taking time off and potential slowdowns in sales, small business owners need to be proactive in their accounting practices to ensure they remain financially stable.

Spring is the perfect time to clean and organize not just your home but also your bookkeeping system. At Paramount Tax & Bookkeeping Frisco, we understand how essential it is for small business owners to have an efficient and organized bookkeeping system. If your bookkeeping is a mess at the beginning of the year, here are six tips on how to spring-clean your bookkeeping system to set you up for simple success.

Though the 2022 tax season is officially over, there are plenty of things you can do now to help you get ahead of the game for the 2023 tax season. Making sure you have all the correct documents and information ahead of time will help you avoid any hiccups when tax season arrives. Here are some tips on preparing for the upcoming tax season, brought to you by the professionals at Paramount Tax & Bookkeeping Frisco.

A new year brings new goals, new experiences—and a new tax season. Time to gather the various forms you need and navigate sometimes confusing deadlines. But it's worth it to ensure you have the right papers at the right time to get your money back in your pocket.

President Biden signed the Inflation Reduction Act into law in August of 2022. This means various changes will take effect in the 2023 fiscal year, prompting corporations and individuals to review and understand the key changes. Here are a few key takeaways for you to know.