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Succession Planning and AccountingBookkeeping Firms in Orchard, ID

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

A Orchard 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 Orchard 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 Orchard.

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Hear Why Our Clients Love Us

  • Ivy Gimmel
    I was desperately looking for an accountant who knew what they were doing when I ran into Paramount. And I have to say, these people are truly tremendous! Extremely knowledgeable, good at their trade, while being extremely kind and patient while they helped me through my snarl of taxes. I'm extremely grateful to have them on my team, and would recommend them highly to anyone looking for another accountant!
  • W Logistics
    A really solid crew, they take their time and get it all done right. Highly recommend especially small businesses.
  • b b
    They are very responsive and help busy owners like me!
  • Ami Browen
    I've had a great experience working with Kristie this year! She found errors from my previous accountant, and did a fantastic job getting me back on track!
  • Kat Pendley (Kat)
    We’ve been using Christina and Kristie at Paramount Tax and Accounting for several years now, and they continue to impress us year after year. They are not only incredibly knowledgeable and professional, but also genuinely helpful and easy to work with. What really sets them apart is how seamlessly they use the latest technology to prepare and file our returns. The entire process is done online—no need for in-person visits—which makes everything super simple and convenient. It’s truly a stress-free experience from start to finish. Highly recommend them to anyone looking for reliable, modern, and friendly tax professionals!
  • John Herbig
    Kristie and her team were very helpful and professional. Couldn’t recommend them enough.
  • Taryn Johnson
    I have been working with Paramount Tax for quite some time now and they have been great to work with. They are prompt, efficient and always very helpful to my needs!
  • Sabrina Owens
    We've been using Paramount Tax and Accounting for the last 4 years and have had great experiences. Whether it's a phone call or email it is responded to within one business day and my questions are answered thoroughly. I feel confident with their help!
  • Jennifer Graham
    I can’t recommend Kristie Brackett at Paramount Tax & Accounting highly enough! She handled both my personal and business taxes this year, and the entire experience was seamless from start to finish. Kristie is incredibly thorough, detail-oriented, and knowledgeable—especially when it comes to the nuances of my specific industry, which made a huge difference. Her communication was outstanding throughout the entire process. She took the time to answer all my questions, explained things clearly, and ensured everything was accurate and submitted on time. I truly felt like she was invested in my success and went above and beyond to make sure I was getting the best possible outcome. If you’re looking for a tax professional who is not only smart and efficient, but also approachable and trustworthy, Kristie is your person. I’m so grateful to have her on my team and will absolutely be working with her throughout the year on my goals and again next tax season!
  • corinna soleil
    Christina is an expert at what she loves to do! My experience excelled my expectations and would highly recommend the Paramount Team!
  • Natashia Rechenmacher
    After years of doing my own taxes, I finally decided to work with Kristie at Paramount Tax & Accounting—and I only wish I had found her sooner! She made the entire process smooth and stress-free. Her communication was excellent, and she took the time to walk us through everything with care and clarity. If you’re looking for a new accounting firm, I can’t recommend them enough. You’ll be so glad you made the switch!
  • Leslie Anderson
    I would recommend Paramount tax and accounting to my friends and family as I received very thorough detailed tax preparation.
  • Alec Epley
    Kristie was fantastic, timely, and extremely helpful in figuring out the process. A huge step up from who I've been using in previous years. Definitely recommend
  • Rhonda Coonse
    Excellent tax preparer! Christina took time, worked overtime, and explained what she was doing. I scheduled a meeting mid year to calculate and understand 2025 withholding and taxes.
  • Curtis M
    I was a former client of KC’s Bookkeeping Service. The business was recently purchased by Paramount Tax & Accounting. Since then, I spoken with Christina on numerous occasions about tax strategies for starting a business, among other things. She’s very knowledgeable and kind. I’ve asked some very complex questions, which she tends to have an answer for…she’s also willing to make referrals for specialty questions, if necessary. She has her client’s interest at heart. I strongly recommend this business. I’ve had nothing, but a great experience! :-) Thank You, Curtis Martin, Boise, Idaho
  • Erin Gardner
    Yep my sister know what she is doing and helped me after not filing for ten years
  • Sandy Howell
    This is an excellent tax service for retirees and those who want someone to properly complete their taxes. If you can't use a short form, it is a struggle to know how to find your tax options and deductions. Their service cost is reasonable and reliable, just what every tax payer hopes they are paying for. We highly recommend KC's from our personal experience.
  • ABC
    great people. i came in with an odd question a little out of scope, but they still sat with me for some time this morning to help me figure it out
  • Good Apple Taphouse
    Kristin and the staff at KC Bookkeeping have guided us through all of our accounting, payroll and tax needs, since we opened almost two years ago in Meridian. The employees are always available to respond to our questions, whether it be over the phone or through a scheduled appointment. Kristin also makes a time to meet with us during the year to review our businesses progress and address any needs prior to the end of the year. Kristin is also very knowledgeable and up to date on business and personal tax laws. Brendan does our payroll twice per month and has always been prompt. Our employees have always been paid accurately and on time. We appreciate all of the hard work and highly recommend KC Bookkeeping. Thank you!
  • Erik Haws
    Much better than my last accountant with cost and professionalism. Very knowledgeable and easy to work with.
Orchard, ID Tax Review

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

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

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Why Choose Paramount Tax & Accounting Orchard?

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