$1 Million Tax Audit Protection 
Richardson - Change Hablamos Español Access Our Client Portal Leave a Review
945-222-5959 Call 945-222-5959 Contact Schedule Schedule Now

Professional Tax Preparer Richardson

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 Richardson 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 Richardson

Request Appointment Now!

Texting Terms & Conditions | Privacy Policy
945-222-5959
Contact Us

Hear Why Our Clients Love Us

  • Michael Piodena
    Excellent tax guidance from a knowledgeable and supportive tax team.
  • Zhamara khate Remo
    Their support throughout every stage of the accounting and tax process has been exceptional.
  • Ren ann Pableo
    One of the best experiences in tax preparation l have ever had
  • Jocela mae Alimanio
    Always responding to my questions with patience and thoroughness, I highly recommend the firm and her team.
  • Rubejane Lumiguid
    We are so thankful the guidance and highly recommend to any business owner.
  • Buenaventura Payot
    I would highly recommend their services. Best and friendliest accounting service that I have ever dealt with.Thank you!
  • Achille Roda
    Thank you and if you need taxes done I highly recommend! This was a most awesome experience.
  • Stephen Lopena
    It was very stress free . I'll see P:aramount Tax again next year.
  • Jhazmeyn Jumawan
    Running a business is stressful enough—taxes don’t have to be. Professional, knowledgeable, and kind from start to finish. Highly recommend.
  • Darryl Lunop
    If you are stressed about your business taxes and are putting it off, make an appointment and stop worrying. Very professional, extremely knowledgeable, and kind to top it off.
  • Fejay Marcera
    If you are stressed about your business taxes and are putting it off, make an appointment and stop worrying. Very professional, extremely knowledgeable, and kind to top it off.
  • Jay John Perez
    It was very stress free . I'll see Paramount Tax again next year.
  • Tirea Ufodike
    Great service! They definitely took the stress out of the tax process. Sophie and Karen were very responsive, friendly, detailed and knowledgeable. I would use them again and recommend them to others.
  • Ian Compacion
    The bookkeeper I connected with was friendly, patient, and efficient. She explained everything so clearly that I actually began to enjoy reviewing my finances. I can’t imagine running my shop without her now.
  • Ria Martinez
    We’ve been partnering Paramount Tax and Bookkeeping for several months, and their support has been exceptional. As a venue business with many moving parts, having a bookkeeping team that truly understands our operations has been incredibly beneficial.
  • Alex
    The bookkeeping for my small business was handled promptly, accurately, and with great attention to detail. Every report is clear, consistent, and well-organized. I’m very satisfied with the quality, efficiency, and overall service.
  • Jastine Jessa Pecasion
    Paramount Tax and Bookkeeping service has been a game-changer. They proactively keep my finances in order and are always prompt, accurate, and responsive. I can’t imagine how I managed without them!
  • Roldan Jose Poloyapoy
    Paramount Tax Bookkeeping has completely transformed the way my business operates. Their team is exceptionally responsive, attentive, and genuinely understands that every business has its own unique needs.
  • Jaypee Fudadera
    I’m pleased to write this letter in support of Sophie and Tiffany, who assisted our business with their bookkeeping services. Throughout our time working together, both consistently demonstrated professionalism, reliability, and a strong understanding of accounting principles.
  • Dhoodzgsw Escorido
    Tiffany, one of the best accounting professionals we’ve worked with, has been an incredible asset to our team. She not only manages our monthly bookkeeping and payroll seamlessly but also provides valuable insight and guidance when we face accounting challenges. We highly recommend their services!

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

Free Consultation 945-222-5959

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 & Bookkeeping Richardson a call or visit our tax and accountingbookkeeping firm in Richardson for a free consultation.

Individual Tax Preparation Business Tax Preparation

Tax Preparing Richardson

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 945-222-5959