Succession Planning and AccountingBookkeeping Firms in Glendale, AZ

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 Glendale is essential to the survival of a family business from one generation to the next.

A Glendale 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 Glendale North (formerly Tax Planning Services) 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 Glendale.

Glendale tax preparation

Paramount Tax & Accounting Glendale North (formerly Tax Planning Services) tax accountant

Call 623-267-4223 today!

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Additional Business Services

Friendly, honest, knowledgeable, professional, fair. I will always choose Paramount to do my taxes and I highly recommend them.

— Jeannie Zacsek, Posted February 27th 2024 on google

Thank you Roy -

— Tammy Brockman, Posted March 19th 2024 on google

I appreciate Roy's Great customer service and dedication to providing an excellent experience every time I do my taxes. He definitely takes the stress out of this experience.

— Mc Graw Mobile Detailing, Posted March 4th 2024 on google

The BEST ADVICE & work on my Tax Prep in years. Mr. Roy Layton was very professional & kind throughout our meeting. I HIGHLY recommend Paramount to everyone. Thank you, 🙏🏼

— Elena Arcaro Didier, Posted February 15th 2024 on google

Paramount tax and accounting services is a great place to have your taxes done. They are a nice ce professional and knowledgeable staff and they have a great selection of chocolate candy!

— Diane Gibson, Posted February 9th 2024 on google

Roy is awesome. I’ve known him for 25 years and have never had a negative thought or experience with him. He treats people with dignity, compassion , and fairness. I can always count on him to take care of me. It’s an honor to know him and have him represent me in the eyes of the IRS.

— Brenda Dechant, Posted April 4th 2023 on google

Very professional, very welcoming, and generous with my time in the office. Everyone is very caring, knowledgeable,

— Deborah Fierros, Posted February 14th 2023 on google

Josh, Roy, Rachel, and the entire team at Paramount, truly embody the professional and courteous approach that I expect from my accounting team. They have the knowledge, skills, and experience to handle all accounting and tax related matters. I highly recommend Paramount Tax for my friends, family, as well as my clients .

— Kevin Williams, Posted February 1st 2022 on google

Awesome to work with. They were quick and efficient. They made the whole process easy, and were able to answer all of our questions.

— Katharine Skyles, Posted January 22nd 2022 on google

Love this company and how amazing their professionalism is.

— Sereena Cortez, Posted January 22nd 2022 on google

Paramount tax current handles 3 business accounts for me and I am incredibly happy with the service they provide! They are reliable and honest professionals.

— Kelley Rosequist, Posted January 22nd 2022 on google

Paramount Tax gave me the confidence to start my own business, I was terrified of the complexity that comes with self-employment taxes. Now, I can completely trust that my taxes will done correctly and with the best possible outcome for my long term goals.

— Susan Johnson, Posted January 22nd 2022 on google

Not only did they do a great job on my mess of taxes, but they explained everything to me in a way I understood. I felt so comfortable every step of the way. 10/10 would recommend.

— Kelly Hoffman, Posted January 22nd 2022 on google

I have had my taxes done several years in a row with Paramount Tax & Accounting. Their professionalism and streamlined service is second to none. I’ll never go to any one else for my tax prep again! Thanks Paramount!

— chris holland, Posted January 22nd 2022 on google

Knowledgeable, friendly, and most importantly, responsive professionals. I highly recommend them everywhere I can.

— Paul Henderson, Posted January 22nd 2022 on google

Diana and shwetha have both been great to deal with. They manage my company and it was a mess to say the least before they started helping. Squared up and correct now.

— Andrew G, Posted December 24th 2020 on google

The best.

— Ian Gobster, Posted August 23rd 2018 on google

Free 3-Year Tax Review

We review 3 years back to find errors / missed deductions.

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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 Glendale North (formerly Tax Planning Services), 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 Glendale. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Glendale North (formerly Tax Planning Services)!

Free Consultation 623-267-4223

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 Glendale North (formerly Tax Planning Services) a call or visit our tax and accountingbookkeeping firm in Glendale for a free consultation.

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