Accounting Firm in Richmond, VA

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 Richmond 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 Richmond East for any Richmond tax related questions. We are happy to assist any way we can!

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Get started with Paramount for your tax services in Richmond, VA, recommended by family and friends every time.

OR

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Contact Paramount Tax & Accounting Richmond East

Easy Online Booking

Get started with Paramount for your tax services in Richmond, VA, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Richmond East
Request Appointment

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Hear Why Our Clients Love Us

  • Kate & Jason Pulley
    Marcus is the best! Very detailed and gets you every claim you can get!
  • MaKayla Foley
    Marcus has done my taxes for the last three years and I wouldn’t have anyone else do them. He’s quick, efficient and personable. I would recommend anyone to him!
  • Megg Beasley
    It was a great experience!! Marcus is very nice and professional an explains things well.Thanks again Marcus!!
  • Jesse D.
    Marcus has been a huge help for the last couple of years. He’s personable and experienced in what he does. Always has a solution, gives sound advice.
  • Tyson Hawkins
    Marcus was very insightful, explained all necessary line items and very courteous and professional. I recommend his firm to anyone needing tax prep, accounting needs and business accounting expertise. Thank you Marcus for everything.
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    Paramount did a great job and Marcus explained everything thoroughly. I look forward to returning in the future.
  • Amy Miller
    Marcus was great to work with to complete our taxes this year. He helped me sort through my husband’s business expenses and provided bookkeeping advice to make next year’s filing a breeze. In less than two hours, everything was done. Marcus was patient and professional. We will definitely use his services again. Highly recommend!
  • michael white
    I had a great experience working with Marcus. From the beginning he was extremely knowledgeable friendly and welcoming. He was able to address all of my questions and concerns and I left feeling great about my overall experience. I highly recommend anyone looking for a great tax professional for personal or business tax preparation to go see Marcus.
  • Doreen Estes
    Marcus was very friendly and did a great job preparing my taxes. I will definitely use him next year.He could not have been any nicer.
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    Marcus has been invaluable in sharing his skill set with our company. He is knowledgeable, friendly, and prompt. I highly recommend his services!
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    Excellent customer service.
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  • A Google User
    Marcus is SO kind and personable and will go above and beyond to help meet your tax needs. Can’t say enough good things about him and this practice!
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    Wonderful service and Easy to work with
  • Shariff Mohammed
    Marcus is very Professional Tax consultant. Thought I went to him 1-day before the tax deadlines, he took time out to help me out, answered all my questions patiently , gave me some tips to manage taxes as well. And his fees were reasonable too. I highly recommend him if you are in the area.
  • Jimmy B.
    Very knowledgeable, excellent communication, and very personable. It is very hard to find good people, so look no further than Marcus!
  • Kim Hackney
    I highly recommend Marcus Taylor for tax preparation and filing. Marcus is very professional, knowledgeable and friendly to work with. He knows tax, asks good questions that gets you thinking of what is best, works thru your tax return in detail with you explaining, recommending what adds value.
  • Eric Stafford
    Marcus is great! He took the time to look at all my documents and get the most out of my return. I had high confidence in him as we went through the process. Highly recommend anyone in the RVA area to reach out to Marcus.
  • Kristin Warner
    I would definitely recommend paramount tax services, Marcus was very helpful and very Friendly, and has patience for someone like me, anytime I had a question, he answered within minutes. This will be my new place to go every year. You won't be disappointed.
Richmond, VA Tax Review

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

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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 Richmond East a call or visit our tax and accountingbookkeeping firm in Richmond for a free consultation.

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