$1 Million Tax Audit Protection 

Accounting Firm in Port St. Lucie, FL

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 Port St. Lucie 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 Port St. Lucie for any Port St. Lucie tax related questions. We are happy to assist any way we can!

acounting firms Port St. Lucie

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Get started with Paramount for your tax services in Port St. Lucie, FL, recommended by family and friends every time.

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Contact Paramount Tax & Accounting Port St. Lucie

Easy Online Booking

Get started with Paramount for your tax services in Port St. Lucie, FL, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Port St. Lucie
Request Appointment

tax accountant Port St. Lucie

Great first experience. Fast and accurate. Highly recommended.
— Mike Minette, Posted February 18th 2024 on google
Cassie was a pleasure to work with. She was knowledgeable and informative. Answered all questions in a professional and understandable meaningful way. Thank you Cassie.
— Paul Preziuso, Posted February 17th 2024 on google
Came in for a consultation. Was very informative. Learned a ton of information. William was very relatable and knowledgeable. Fast efficient process and helped to straighten out my difficult situation. Very good experience!
— Ricardo Chase, Posted February 16th 2024 on google
All of the staff we interacted with were very cordial, knowledgeable and efficient! It was a pleasant experience!
— Steve Gonyea, Posted February 16th 2024 on google
William is without a doubt the best, William is very knowledgeable and I learned a lot from him, I would definitely recommend using Paramount Tax and Accounting for all of your Tax and Accounting services, I went back to speak with William a few days later to help me create an LLC, he did not hesitate, William is a ple...
— Edwin Goodbread, Posted February 7th 2024 on google
I’ve used their services 2 years in a row and they are the very best! Excellent service, extremely knowledgeable… I know I can trust them with my taxes each year!
— Mike Stephens, Posted February 9th 2024 on google
We had a great experience at Paramount. William is very professional, knowledgeable and thorough.
— Kerryann Daley, Posted February 6th 2024 on google
Cassie is amazing at her craft, what an amazing experience.
— Chuck Bono, Posted February 5th 2024 on google
Cassie is the best
— Roderick Clarke, Posted February 4th 2024 on google
Very professional and friendly personnel made getting my taxes done a breeze . Thank you Paramount tax & accounting!
— Mark Neild, Posted February 1st 2024 on google
Detailed and informative. Both Cassie and William are very personable and will help you understand the numbers.
— Angel and Kesha Diaz, Posted January 29th 2024 on google
William and Cassie are absolutely amazing. Tax season can be intimidating as a business owner and they did a wonderful job explaining things and helping me get everything in order. I highly recommend them and their team
— Ashley Civetti, Posted January 24th 2024 on google
Great customer service from the whole team. Cassie is pleasure to work with. Will definitely return and recommend.
— Marcia R, Posted January 22nd 2024 on google
Cassie is very knowledgeable and kind. Will work with you with all your accounting needs. Makes everything easy and stress less.
— Andy Frison, Posted January 10th 2024 on google
The absolute best and couldn’t recommend going to see anyone but William. Walked in completely disorganized and lost, walked out feeling much more educated and on top of things. If you’re thinking about going elsewhere, don’t waste your time.
— Matt Wright, Posted January 5th 2024 on google
There is no better place to get your taxes done! The whole office is fantastic to work with.
— Chris Forsey, Posted November 29th 2023 on google
William, Cassie, and the whole team at Paramount in PSL are wonderful! I only have positive feedback to share about my experience hiring this local team to support myself and my small business with our recent tax and accounting needs. I appreciated the professionalism, genuine friendliness, efficient nature of their wo...
— Isabelle Harris, Posted October 16th 2023 on google
I will continue to recommend William at Paramount Tax to everyone. I was multiple years behind on filing and was completely in over my head. William turned an overwhelming, stressful situation into a very manageable and digestible one. He takes his time explaining everything in a way that you fully understand what’s ...
— Nikki Guarino, Posted September 28th 2023 on google
We are first time business owners and William was great at explaining things and helping us understand our taxes and options and what to do in the future. I left not only feeling like my taxes are in good hands but also with more confidence in running our business.
— KayD S, Posted September 8th 2023 on google
Very professional, well spoken representative. With wealth of knowledge in US Tax refund, Easy to communicate with answered all my questions with experience, and confidence.
— Buzzchoppr23, Posted August 28th 2023 on google
Port St. Lucie, FL Tax Review

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

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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 Port St. Lucie, is that our firm utilizes the services of licensed professionals.

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