Tax Preparation

We are one of the leading full service tax preparation accountingbookkeeping firms in Salt Lake City. Please choose a tax preparation service below to learn more.

Planning is the key to successfully and legally reducing your tax liability. At Paramount Tax & Accounting, we go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. Such strategies help you:

  • Grow and preserve assets by keeping Uncle Sam out of your pockets.
  • Defer income so you can keep your money now and pay less taxes later.
  • Reduce taxes on your income so you keep more of what you make.
  • Reduce taxes on your estate so your family keeps more of what you've made.
  • Reduce taxes on your gifts so you can give more.
  • Reduce taxes on your investments so you can grow your wealth faster.
  • Reduce taxes on your retirement distributions so you can retire in style.

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Tax Preparation

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

Free Consultation 801-661-9433

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 Capitol Hill a call or visit our tax and accountingbookkeeping firm in Salt Lake City for a free consultation.

Individual Tax Preparation Business Tax Preparation

Tax Preparation

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 & accounting can help you best understand.

Free Consultation 801-661-9433

Jensen has been doing my taxes for about three years now. They do such good work I’ve never had issues and truly recommend going to them!
— Jazmine, Posted April 11th 2025 on google
Wonderful experience! I wouldn't want to have anyone else do my taxes!
— Jennifer Lorton, Posted March 24th 2025 on google
Ailsa and Jensen are the Ibuprofen to my financial headaches. Fun and easy to work with. If you have ever procrastinated doing your taxes, then come here and get it solved ASAP. I used to be afraid to ask for help with my taxes. Not anymore.
— Wilford Cottrell, Posted March 24th 2025 on google
I was referred to Ailsa about 6 years ago and would never consider going anywhere else now to have my business and personal taxes done!! She helped me restructure my business and in turn reduced my tax burden substantially. Ailsa and Jensen are knowledgeable, helpful and honest. I have always felt that they’ve held m...
— Darren Anderson, Posted March 24th 2025 on google
As an attorney and certified tax preparer, no one understands state and federal tax complexities like Ms. Lillywhite! She is a breath of fresh air in a multi-faceted world. Thank you!!
— Patty Murphy, Posted March 24th 2025 on google
Ailsa and Jensen at Paramount Tax and Accounting on Capitol Hill are absolutely fantastic! I went to them for help with both my personal taxes and setting up my LLC, and they exceeded all my expectations. They were incredibly knowledgeable, patient, and thorough, explaining everything in a way I could easily understand...
— Paul Brewer, Posted March 24th 2025 on google
They are the best and are super knowledgeable.
— Chris Hall, Posted March 24th 2025 on google
The five stars speak for themselves. Having Ailsa and the professionals at Paramount handle my taxes the past few years has been such a relief. I'll never go back to trying to muddle my own way through the sea of paperwork and the complexities of the tax code on my own. Trust the experts!
— Steven Thatcher (The Kwoon Kung Fu Utah), Posted February 26th 2025 on google
Ailsa really knows what she's doing. I've been so impressed. I would highly recommend.
— Daphne Moon, Posted January 13th 2025 on google
I called with a question regarding trust taxes. Maggie called me back quickly and answered all my questions. I really appreciated how prompt and professional she was. Thanks so much! I highly recommend.
— Melanee Raynes, Posted February 8th 2021 on google
We have worked with Paramount for 3 years in a row and specifically Maggie Gillespie in the Orem office 2 years in a row now and she is phenomenal. Always professional, kind, attentive, and explains all things tax related in away we can understand. She is patient and willing to take the time to help us get things done ...
— Carly Madsen, Posted February 6th 2021 on google
Maggie went above and beyond to help with my taxes. She was knowledgeable, professional, responsive, and eased a lot of my worries. I highly recommend Paramount Tax & Accounting for any small business owners!
— Mandy Madsen, Posted February 2nd 2021 on google
I needed my late taxes done and they got them to me super fast! Thank you!
— Kessanee Kess, Posted July 28th 2020 on google
I needed my late taxes done and they got them to me super fast! Thank you!
— Kessanee Kess, Posted July 28th 2020 on google
Colby and Sara are super great to work with and know their tax and accounting stuff. Thanks Paramount!
— Amber Christiansen, Posted July 28th 2020 on google