$1 Million Tax Audit Protection 

Accounting Firm in Herriman, UT

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!

Each month or quarter we'll do the following things for you...


These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to...

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

  • Track revenues and expenses so that you can determine the operating performance of your business.
  • Determine what areas of your business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you...

  • Quickly get a handle on the financial strength and capabilities of your business.
  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
  • Determine if your business is in a position to expand.
  • Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
  • Determine if you need to take immediate steps to bolster cash reserves?
  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having our Herriman tax accountants review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

Contact Paramount Tax & Accounting Herriman for any Herriman tax related questions. We are happy to assist any way we can!

Easy Online Booking

Get started with Paramount for your tax services in Herriman, UT, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Herriman

Easy Online Booking

Get started with Paramount for your tax services in Herriman, UT, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Herriman
Request Appointment

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Paramount Tax & Accounting Herriman specializes in Employee Stock Options
BECAUSE WE'RE LICENSED PROFESSIONALS, AND THEY'RE NOT™

Hear Why Our Clients Love Us

  • Denise Clegg (Dede)
    Excellent tax preparation service! Fast efficient, organized! Understands tax laws and utilizes them well to save the client $.
  • Jopher Gonzalez
    Nice attention there, good knowledge about the tax, super fast and very well explain, thanks
  • Dana Lee
    I was able to get my taxes filed with them very easily and hassle-free. I am all about supporting local businesses. They charged me less than HR block did, and didn't cause me any type of headaches this year. I look forward to filing with them again next year!
  • Joanne Decker
    Kyson & Christy are wonderful! They listened carefully to the questions & concerns I had. They were quick and accurate. I trust their work and professionalism. I highly recommend them.
  • mike reid
    Kelli is a true professional who provides all the information and guidance to complete our tax returns as efficiently as possible. We love her!
  • Brennan Bushman
    Christy is always amazing. Glad she is here to help us!
  • Don Grohowski
    Was great, knowledgeable, friendly. Will never go anywhere else.
  • Matthew Inama
    Prompt responses, professional communication, and knowledgable about my situation. All in all a great experience!
  • Jay Carlton
    Very helpful and knowledgeable, easy & friendly to work with
  • Stacy Burrup
    Love Paramount Tax and Accounting. We have been going to Christy for around 10 years. Taxes can seem daunting and she does a fabulous job, Kyson too. My husband owns his own business, so filing taxes sometimes seem too overwhelming. They make the process smooth and are so knowledgeable. Would definitely recommend!
  • Carol Crump
    I have been using Paramount Tax for last 4 years, they have been easy to work with. They answer questions throughout the year also.
  • Rito Ramirez
    Great service, excellent knowledge! You go in knowing you'll be taken care of and not rushed.
  • Austin Hirsche
    easy expirence, they make taxes simple, and super affordable
  • Byron West
    Friendly staff, personal experience and fast service.
  • Dusty France
    Cheisty and team always takes time to answer our questions, helps find the best tax planning options. Easy and convenient appointment times.
  • P8 Olsen
    Quick and easy! Kelli was very nice and explained all the ins and outs of our tax refund to us. We got a great refund and will be going back for years to come! We used to use TurboTax and never got a very good refund back, but since going to paramount, we get way more back each time! Thank you, Kelli!
  • Gabriel Tan
    Easy to schedule with and very knowledgeable and helpful. We use them for our business and personal tax preparation and filing. Highly recommended!!
  • Tony Rigby
    Christy and Kelli are knowledgeable about the tax laws, go out of their way to help maximize deductions and are truly awesome to work with
  • Wesley Valdez
    This is my second year with Paramount (working with Christy and Kelli) and they’re great! They make the process of filing easy and stress free. I’m a massage therapist and have some small business side work in addition to my typical W2 job and they’re able to file both my personal and business taxes and help me actually understand what’s going on. Highly recommend!!!
  • Natalie Mendoza
    Paramount Tax & Accounting did an amazing job they got me in with in the week! And filing only took about 30 minutes! Can’t wait to get my return thank you Paramount Tax & Accounting for all of your help.
Herriman, UT Tax Review

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

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

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