Accounting Firm in Mountain Home / Treasure Valley, ID

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 Mountain Home / Treasure Valley 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 - Mountain Home for any Mountain Home / Treasure Valley cpa accounting related questions. We are happy to assist any way we can!

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Paramount Tax & Accounting - Mountain Home tax accountant

Call 208-254-7788 today!

Christina is very knowledgeable and assisted with all my questions. Her professionalism and attention to detail are second to none. You won’t be disappointed.
— Amy Weidman, Posted November 29th 2021 on google
Christina is very concerned about her clients and has the clients best interest at heart she’s very professional and is excellent at what she does I really appreciate just how professional she is I would recommend her very highly she has an excellent reputation and is an EA who is a tax expert Who can serve all your ...
— Robert Ambrose, Posted November 5th 2021 on google
Christina is absolutely amazing and professional. Her straight forward, but yet funny demeanor is refreshing. I highly recommend.
— Duncan Richardson, Posted November 4th 2021 on google
Christina is a wonderful communicator, thorough and professional!
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The attention to detail and personalized service is spot on. A pleasure to work with!
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Christina is fantastic!
— A Wirsh, Posted November 3rd 2021 on google
Christina is a very meticulous person who cares for her clients. She is always on point.
— Troy Thomas, Posted November 3rd 2021 on google
Christina is thorough and detail oriented. Pleasure to work with.
— Heidi Wolfe, Posted November 3rd 2021 on google
Great service and she responded promptly!! See you next year
— Anthony Riddick, Posted November 2nd 2021 on google
Christina is a great human
— Sara Tarazi, Posted November 2nd 2021 on google
Very accommodating and friendly. I would recommend them to everyone!!
— Kelsey Weddle, Posted November 1st 2021 on google
Good service very helpful
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Great to work with.
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This service was fantastic!
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Reputable
— Rebeca Smith, Posted October 31st 2021 on google
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Paramount Tax is your tax go to. You won’t find someone more honest and helpful than Christina.
— Cipriana Butler, Posted October 31st 2021 on google
Christina is always happy and eager to answer questions and assist me in my financial decisions. She is awesome!!
— Dave W, Posted October 31st 2021 on google
Christina is someone y’all can count on.
— Gretchen Anderson, Posted October 30th 2021 on google

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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 - Mountain Home, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from other finance professionals by stringent qualification and licensing requirements. 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 Accounting firm in Mountain Home / Treasure Valley. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting - Mountain Home!

Free Consultation 208-254-7788

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 such as CPAs, EAs and Attorneys, 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 - Mountain Home a call or visit our tax and accountingbookkeeping firm in Mountain Home / Treasure Valley for a free consultation.

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Why Choose Paramount Tax & Accounting - Mountain Home?


Through dedication to the three underlying principles of professionalism, responsiveness and quality, Paramount is committed to providing outstanding service to our clients.

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