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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

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Hear Why Our Clients Love Us

  • H Gim
    They're good tax preparer!
  • Nick Reynolds Tran
    Very experienced consultants and helped us with filing our taxes. Definitely going to make them my go to for taxes every year.
  • Robert Lee
    Great tax experts particularly for those who hold real estate!
  • Amandeep Saluja
    Sophie is knowledgeable, responsive, and great to work with. She makes everything simple and brings real expertise to the table. Highly recommend!
  • Lather Dixon
    Thank you ACN fam for saving my mother a huge amount of money!!
  • Diane Dixon
    This was a professional and most helpful tax experience I have had. Thank you.
  • Raj A
    We hired this team for taxes and they educated on strategies too. They are knowledgeable and trustworthy! Highly recommend
  • Serenity Transitions, LLC
    Great team and always willing to go the extra mile to help!
  • Mai Luong
    They helped me with a supposed to be big tax bill on selling one of my asset. Thanks to their help I was able to save way more than I thought! Thanks, guys!
  • Akila PALANISWAMI
    Very supportive team and knowledgeable people. Their process is seamless and easy to work with. Highly recommend!
  • Lisa Tieu
    Great service! Responsive! Saved me over 10k by restructuring my business structure! I didn’t know the power of tax planning! Over 3x ROI!!!
  • Uyen Tieu
    I found Paramount Richardson on Thumstack at the last minute before 10/15 deadline and they completed my return pretty quickly! Very responsive and made the process easy with their client secured portal. Definitely coming back to file my taxes next year!
  • Bắc Nguyễn
    Very professional and courtesy.
  • Anh Le
    I’ve been really impressed by Sophie’s broad knowledge in real estate and investment, as well as her professionalism. She’s such a bright, talented, and dedicated woman in the real estate industry. I’ve referred many of my clients to her, and all of them have given positive feedback about her excellent service.
  • Mary Drane
    Tiffany is extremely experienced and knowledgeable! Highly recommend her services!
  • Zak T
    Expedient service and attentive staff, would recommend.
  • Celaida Lissabet
    I had an excellent experience working with Paramount Tax Richardson for my taxes this year. They were knowledgeable, professional, and incredibly thorough in making sure every detail was handled correctly. They took the time to explain everything clearly, answered all my questions, and made what can be a stressful process feel easy and organized.
  • Ronald Wilhelm
    Excellent service! The team is professional, responsive, and truly cares about maximizing your tax savings. They care the process simple and stress free!
  • Salieu King
    Amazing team, highly recommended
  • Salieu King
    Great customer service and highly recommended for their amazing work

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 945-267-5166

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 945-267-5166