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Bookkeeping Services in Orem, UT

As a small business owner you have more important things to do than to keep your own books. As one of the top tax preparation firms in Orem you can trust us to expertly manage 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 AccountingBookkeeping system. You can customize the package of Orem tax services you receive by adding payroll, tax planning, tax preparation, or any of our other services including Quickbooks support .

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, AccountingBookkeeping, 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 us 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 Orem if you'd like to receive a Free Consultation on our Small Business AccountingBookkeeping Service.

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They did our taxes. That is what we paid them to do. I am glad they did what they said they would do.
— Itscolemartin, Posted April 11th 2025 on google
They are amazing! Very quick and easy. Also they are licensed so they are very knowledgeable and helped us get the best return possible!
— Kirin Gingras, Posted April 11th 2025 on google
Did a great job! Quick and easy
— Nathan Brown, Posted April 11th 2025 on google
They were very helpful and personal. They got everything done in an efficient amount of time. I will be happy to use them again for my tax needs!
— Sam, Posted April 9th 2025 on google
Sharp, professional staff!
— Kevin Kuhni, Posted April 8th 2025 on google
The BEST place to do your taxes!! The staff is so kind, and beyond professional. They are so quick and thorough with their taxes services. Would recommend to anyone!
— Alex Blaisdell, Posted April 7th 2025 on google
Great place
— Milo Pony, Posted March 13th 2025 on google
I called in to ask about rates and services and spoke with Maggie who was super kind and helpful! Great experience 10/10
— Madelyn Booth, Posted March 4th 2025 on google
We recently moved to Utah from out of state and had no idea where to turn to for help with our taxes. Paramount Tax, specifically Easton, was a life-saver. He helped us file our extremely late 2023 taxes, as well as our 2024 return. It was a simple, easy process. We uploaded all our tax documents to their secure porta...
— Christina Teets, Posted March 3rd 2025 on google
I've worked with Maggie, Joel, Easton & Jefferson and am so impressed with this office! They are all efficient, hard working and great communicators.
— Carrie Frixione, Posted February 17th 2025 on google
I had the best experience with Maggie at the Orem location. Taxes can be so intimidating but I was surprised on how easy she made the process. Maggie really pays attention to detail and I really appreciate her communication with me. She takes time to make sure she has an understanding of you and is willing to answer an...
— Estheticians Unhinged, Posted May 29th 2024 on google
Maggie and her team are always very professional and have done a great job for us.
— Ryan Louden, Posted April 17th 2024 on google
Maggie and staff are very friendly and knowledgeable, a great team to work with. Definitely recommend.
— Michael Bernier, Posted April 15th 2024 on google
Maggie is my accountant and she is the absolute BEST. She was able to get me a good tax refund and gave me some great pointers. I HIGHLY recommend her!
— Sarah Goetz, Posted April 9th 2024 on google
Maggie and her staff were actively reaching out and helping make this process so easy. She saved me a lot of money, and went above and beyond to help me. I couldn't compliment this service enough.
— Quinci C, Posted April 8th 2024 on google
Loved working with Maggie at Paramount. So grateful for her help. We completed everything with ease.
— Marlena Smith, Posted March 29th 2024 on google
Maggie and her staff were on top of the ball and kept in contact with me to help me get things done In a timely manner. Any questions I had were answered ASAP and I never have any worries when handing my taxes over. They are awesome!
— jay aaron, Posted March 26th 2024 on google
Maggie was the perfect person to help me with my taxes for the first time. She is so sweet and I feel so much more prepared for the next year!
— Jennefer Sanchez, Posted March 21st 2024 on google
So well prepared and professional. The one on one review of my taxes gave me confidence in their tax skills. The whole experience was personal and friendly. Thank you, Tom
— Tom Hover, Posted March 11th 2024 on google
Maggie is the best! Such a great help, and wonderful at letting you know the process.
— Alissa Bair, Posted March 4th 2024 on google
Orem, UT 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 Orem, 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 Orem. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Orem!

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

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Orem, UT Tax Services

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