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Professional Tax Preparer Frisco

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 Frisco 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 Frisco

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

Free Consultation 469-252-8216

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 & Bookkeeping Frisco a call or visit our tax and accountingbookkeeping firm in Frisco for a free consultation.

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Tax Preparing Frisco

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 469-252-8216

working with Paramount Tax & Bookkeeping Frisco has been a game changer for me. They are friendly, knowledgeable and always ready to answer whenever I have questions. I highly recommend them.
— samuel maina, Posted November 11th 2024 on google
Azeb is a wonderful person with wonderful thoughts and deeds. visit her I am very sure you will be satisfied with her selfless service. Thank you Azeb
— berhane demoz, Posted November 9th 2024 on google
I’ve been using Paramount Tax & Bookkeeping’s services for years and I couldn’t be happier with the results. Their team is professional, knowledgeable, and genuinely dedicated to helping clients succeed financially. Azeb handle all aspects of my bookkeeping accurately and keep my accounts organized, which saves m...
— Eshetu Berhe, Posted November 8th 2024 on google
If you need professional and quality services, I strongly recommend paramount Tx service
— Alem Kidane, Posted November 5th 2024 on google
Azeb has worked with my family and we couldn’t be happier with her work and professionalism. I would recommend her to anyone.
— Nadine chibweth, Posted November 4th 2024 on google
VERY professional and I love the quality of service that they give. My tax preparer, Azeb, constantly stay up to date with new information and any changes to keep. Azeb does this not only during tax season but all year round.
— A M, Posted November 4th 2024 on google
I strongly recommend Paramount Tax service to all of you who are looking for someone caring, charismatic and knowledgeable. Azeb is the right person to help you with your tax return and more. Give her a call and you won’t be disappointed.
— JANETH PAK, Posted November 4th 2024 on google
Great service and friendly people good place to do your tax. The staff very good and good customer service , recommended for everyone. Azeb is knowledgeable and personable.
— Hope Web, Posted November 4th 2024 on google
Azeb is awesome to work with , she very helpful and does work fast . I definitely would come back to her again :)
— Mary Lopez, Posted November 4th 2024 on google
I received the best customer service on my Tax planning. Thank you Azeb!
— Maaza Gg, Posted November 4th 2024 on google
Azeb was attentive and helpful, making my tax experience exceptional. I highly recommend using Paramount Tax – Frisco for your tax preparation and planning services.
— dekisebina dekisebina, Posted October 31st 2024 on google