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Professional Tax Preparer Provo

With the availability of do it yourself tax software, many are left wondering if hiring a tax preparer or purchasing the software is the right option for them. Every situation is different and everyone's taxes are unique. Some may feel secure enough in their knowledge of taxes, deductions and numbers to use the software while others find the very idea of taxes daunting and overwhelming. However, there are a few factors that can complicate taxes and deductions. As a general rule of thumb, if you have any of the following situations, hiring a tax preparer in Provo will ensure that you do not miss a single deduction or render yourself liable to audits.


  • Business Owner- Owning a business, big or small, comes with numerous complex tax rules and elections that you may want to discuss with a professional. There are several ways to write off business expenses and a tax preparer will not only be able to assist with your current taxes, but will be able to advise you on the best possible solutions to maximize deductions in the future.
  • Major Life Event- Major changes during a tax year will affect how you file, these can include buying or selling a home, buying or selling a business, inheritance, adoption, divorce, death of spouse of dependant, etc. There are certain rules that apply to each unique situation that can be more difficult to navigate without a professionals help.
  • Multi-state Residency or Employment- Living in one state and working in another, or moving states mid year can present some challenges with state income tax. A tax professional will help you iron out the wrinkles and will help navigate the allocation and residency issues that can arise in living or working in multiple states.
  • Foreign Assets- If you have assets in any foreign country the IRS requires that you report it. There are special forms to file as well as deductions for any eligible expenses they incur. A tax preparer will be able to accurately calculate exchange rates as well as advise on all of the red tape that comes with foreign assets.
  • Mistakes on Previous Taxes- If you have made mistakes on your tax returns, you have three years to amend them, minimizing the damage. A professional tax preparer can help correct and file an amended tax return before major consequences occur.

Tax Preparing Provo

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

Free Consultation 801-515-3098

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, 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.

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Tax Preparing Provo

Amendments

It is not uncommon to come across a significant deduction or error that was overlooked when you filed taxes. When this happens, the Internal Revenue Service allows you the opportunity to retroactively amend your taxes to rectify such errors. Whether you received a revised 1099, overlooked a sizable charity deduction, or even miscalculated your mortgage interest, amending your tax return can help you recover the money you are rightfully owed.

At Paramount Tax and AccountingBookkeeping, we not only help you amend your taxes, but also:

  • Calculate your estimated refund
  • Identify reasons (if any) NOT to amend
  • Determine the timing of filing an amendment
  • Determine whether amending your taxes is worth the time and investment

Although there are no requirements or penalties for not filing an amendment, our tax return specialists at Paramount Tax & AccountingBookkeeping can help you best understand.

Free Consultation 801-515-3098

I worked with Kacey, very professional and attentive to detail. I highly recommend paramount account to anyone who needs tax and accounting services!
— MAYRA SARMIENTO - VWC, Posted March 27th 2024 on google
Jeffrey and his team at Paramount are great. They make the whole process of filing as easy as it can be. The process is online/virtual so if you're out of state, it's no problem. My husband and I have been filing our Arizona business and personal taxes with him since 2022 and it's been smooth sailing. Plus, the added s...
— A Parker, Posted March 25th 2024 on google
They do a great job of my taxes and are always ready for questions I have. They are prompt courteous and very knowledgable. They work both in person and virtually, which helps with busy schedules.
— Benjamin LaFleur, Posted March 18th 2024 on google
Candie and Ashley were absolutely wonderful giving me pointers on some issues I was stuck on! The 30 minute consult was jammed packed with great info and I will definitely be utilizing their expertise in the future. Worth its weight in gold! Thank you ladies!
— Jinelle Barrow, Posted March 13th 2024 on google
Super helpful. I worked with Jeff and Kacey and they really know their stuff. They saved me tons of money. Super easy to work with.
— Josh Ericksen, Posted March 6th 2024 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
Quickbooks is like a different language to me, and Ashley was so patient with us and explained it in terms that we would understand. She listened to our needs and was so attentive and helpful.
— Jenny Bullock, Posted March 6th 2024 on google
Amazing!!! They are the best for sure!!!! I finally found the company that I can trust to do my taxes!
— Alice Dantas, Posted March 4th 2024 on google
Very professional and attentive to detail. I️ felt like they really cared about making sure my tax filing was done correctly and that I️ understand what strategies they used. Highly recommend.
— Logan Gardner, Posted February 27th 2024 on google
They have done my taxes for the last few years. They have been prompt, helped me understand my taxes, and even strategized with me.
— Kenyon Petersen, Posted December 28th 2021 on google
They did a great job helping with out taxes! They helped us write off everything we could and spend lots of time answering our questions
— Kolten Bramall, Posted February 14th 2024 on google
Always amazing working with these guys. The process is easy, straightforward and quick.
— Alexis Ericksen Proksch, Posted February 9th 2024 on google
My experience at this firm has been exceptional. They are very professional, savvy, and organized. I highly recommend them for anyone with a business or who have dependents with special needs
— Debbie Hema, Posted February 5th 2024 on google
I feel very grateful to have found Paramount and Ashley.
— Kate Hooley, Posted January 16th 2024 on google
We got a scary letter for our taxes and we were able to quickly get an app to figure out what was going on. Ashley was able to answer all our questions and explained how to resolve our issue so we could understand.
— Faith Cook, Posted January 15th 2024 on google
LIFE SAVERS! Not only does Paramount do a great job at day-to-day bookkeeping and tax management, but twice now, have jumped in (especially Ashley) to help us with two different challenges. The first being last year, when they spent all the time needed, preparing and showing us how best to manage a State Sales Tax Aud...
— TrūIQ Global, LLC, Posted January 9th 2024 on google
Great experience. Ashley knows her stuff and takes the time to dig in to unique situations.
— Jake Drzayich, Posted December 4th 2023 on google
Met with Ashley Jefferies. She is friendly, knowledgeable, and helped answer every question I had. Will definitely be using Paramount moving forward!
— Ben Phillips, Posted November 30th 2023 on google
Very detailed and thorough. They are very knowledgeable.
— Tammy Bennett, Posted November 6th 2023 on google
Very positive experience for something that is overwhelming for me to do on my own.
— Mikael Fehlberg, Posted October 17th 2023 on google