Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.
A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. As one of the top AccountingBookkeeping firms in Provo, we help you avoid the common pitfalls that many new small business owners make when starting their new venture.
Our tax accountantsadvisors in Provo help you...
Prepare an initial business plan to clarify your marketing, management, and financial plans.
Determine your start-up capital needs.
Identify sources of start-up capital and backup sources if needed.
Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
Select the right accountingbookkeeping software by evaluating your budget, needs and hardware.
Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
Establish billing and collection procedures to maximize your cash flow.
Establish procedures to monitor and control costs.
Setup a home office so you can maximize your tax deductions.
Prepare and file all required state and local licenses and permits.
Prepare and file your application for your Federal Employer Identification Number.
Provide payroll and payroll tax filing when you bring on your first employee.
Comply with employment laws so you don't get hit with fines and unhappy employees.
Identify your business insurance needs.
Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.
Let us help you succeed by getting your new business off to a good strong start.
Contact Paramount Tax & Accounting - Provo and to see how we can help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our New Business Formation Services.
I love the team at Paramount! I have been using them for years and have had nothing but good experiences. The professional and courteous service has been second to none. I recommend them to anyone looking for tax or accounting help. Thanks for all your help guys!
— Spencer Shemwell,
Posted August 20th 2023 on google
I had a very productive and informative conversation to begin. Answered all my questions
— Adrian Alvidrez,
Posted August 7th 2023 on google
Knowledgeable, experienced, custom to your specific needs. Great team!
— Luda & Jon Cooke,
Posted August 1st 2023 on google
Absolutely happy with Paramount and recommend them to anyone who needs tax and accounting services! Super excited to work with them on bookkeeping after years of having them do our taxes at the Lehi office. I love how thorough they are at explaining things and they have a great attitude about teaching me instead of me...
I cannot rave enough about Paramount tax! I started a biz because I’m a passionate aesthetician, not because I’m a tax pro. When I tell you I know nothing about taxes, I’m not joking. But thank goodness for Ashley who simplifies it and makes it make sense to me. She is so patient, solves whatever problems I come ...
ashley is the best! super supportive and helpful with all my questions.
— Brookklyn Huberty,
Posted July 13th 2023 on google
Meeting Ashley was a breath of fresh air. She was able to explain the process and the fees upfront. Wonderful demeanor and friendly attitude. I would recommend this company for any business.
Ashley was absolutely amazing. I'm starting a very small business and had questions about taxes and I was SO NERVOUS coming into this appointment, I was worried that I was going to seem really stupid and naive. But Ashley answered every question I had, explained everything super clearly, and WAS SO KIND. I left feeling...
After meeting with Ashley, we felt more comfortable and had more answered questions within the 30 minute conversation than the last 7 years we had used someone else. I highly recommend them!
— Amanda Stclair,
Posted April 26th 2023 on google
I love working with Ashley at Paramount. She’s a breeze to work with, and makes taxes stress free!
Ashley was knowledgeable, understanding, and efficient. She was thorough and made suggestions to reduce my tX liability. I'm new to the area and this was my first go at filing my taxes in Utah. I am delighted my experience with Paramount Tax was so positive. It seems they have a strong organization.
Ashley is super real and very helpful. She takes a relaxed approach and her knowledge is what will convince you to use her services not any shady sales tactics.
Ashley has been a great help to me in setting up my business. I love the ability to virtually consult. It's very convenient for a busy schedule.
— Kate Hooley,
Posted December 20th 2022 on google
Ashley Jefferies was such an awesome person to work with! I had so many questions, and even realized in my short about of time with her that I was under the wrong business entity, she told me how to go about changing things and told me what I needed to know and hear. I will be definitely filing my taxes with them!
— Shelby Lasley,
Posted December 19th 2022 on google
Ashley helped me ease a lot of my anxiety centered around taxes and business advice. She was extremely helpful and knowledgeable. I feel like my business is in good hands moving forward. I will definitely be staying with her for all of my business tax and accounting needs.
— nicole1164,
Posted September 19th 2022 on google
Free
3-Year Tax Review
We review 3 years back to find errors / missed deductions.
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 - Provo, 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 Business Incorporation firm in Provo. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting - Provo!
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 - Provo a call or visit our
tax and accountingbookkeeping firm in Provo
for a free consultation.
Through dedication to the three underlying principles of professionalism, responsivenessandquality, Paramount is committed to providing outstanding service to our clients.
Paramount Tax is now offering financial and tax franchises across the US!
Free
3-Year Tax Review
