Succession Planning and AccountingBookkeeping Firms in Scottsdale / Cave Creek, AZ

Succession Planning Services

If you own a family business, retirement isn't simply a matter of deciding not to go into the office anymore. You've got some critical questions to answer like...

"What happens to the business when you're no longer running it?"
"Will you have enough money to retire?"

The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.

Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord - or both.

Developing and implementing a well-designed succession plan with a Scottsdale / Cave Creek is essential to the survival of a family business from one generation to the next.

A Scottsdale / Cave Creek tax accountant can help you with these key issues -

Keeping it in the family. Are you going to pass the business on to your family or sell it to a third party? We help you weigh the advantages and disadvantages of each of these options.
Who's going to run the business when you're gone? Management and ownership are not one and the same. You may decide to transfer management of your business to just one of your children but transfer equal shares of business ownership to all your children, whether they're actively involved in the business or not.
Minimizing the tax bite. The tax burden when transitioning a family business can be significant. The challenge is that a family business is not generally a liquid asset, but taxes are typically due when ownership is transferred.
Making it fair. Transferring family ownership often adds a tremendous amount of stress to individual family members. We talk with each of the family members to ensure that they feel they a getting an equitable and fair share of the pie.

What we do for you...

Once we understand how you feel about the key issues above, we begin constructing your succession plan focusing on these 5 issues...
Business Valuation
Business Restructuring
Tax Consequences
Retirement Projections
Tax Projections

Contact Paramount Tax & Accounting Scottsdale / North Phoenix if you'd like us to help you pass on what's taken a lifetime to build. We offer free consultations on all of our financial planning and tax services in Scottsdale / Cave Creek.

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Additional Business Services

602-315-3679

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Hear Why Our Clients Love Us

m m

Quick, friendly and thorough tax services! Highly recommend!
Dave Allen

Paramount Tax is the only tax professional service that I trust to do my taxes completely and accurately. They’re forward thinking and always professional by taking care of the little details that I know I would miss. Highly recommended!
Kimberly Marie Jack

Dan and Garrett are a great team! Professional, kind, on time and very knowledgeable! Thank you Dan and Garrett!
Justin Stutzman

Quick and easy to talk to, and made the whole tax process simple and stress-free. Very knowledgeable, responsive, and professional. Highly recommend if you’re looking for a reliable tax accountant!
Ginny Helm

We’re not even full time residents of AZ, but had seen the incredible reviews they get so we thought we would give them a try. And we are SO happy we did. They are friendly and easy to work with but most importantly, they are really competent. They deserve every 5 star rating they get!
Sandra Gonzales

We have used paramount for years now. Dave has always been absolutely awesome and always willing to answer any questions we have. The addition of Garrett has been a blessing. Thanks guys for the outstanding job as always!
Josh christensen

Great customer service and very informative throughout the entire process. They implemented a user friendly app to upload and retain all necessary tax documents.
William Smith

Great service team. Our tax preparer retired after 40 years so I did my research and learned of Paramount Tax and Consulting Services. We are first time clients. All my life each year my wife and I always carried a pile of documents back and forth to have our taxes done. This new organization introduced to us the option to upload all our tax documents in advance to a sit down or online conference. It was amazing how streamlined the process actually worked. The team was so friendly and helpful, going above and beyond what I had expected by providing feedback about how to think about Roth conversion strategies and provided and extra layer of deduction strategy that further helped our bottom line. Thank you all for taking are of our tax preparation needs! Bill & Cathy 👏
Gavo K

I was referred to Dave by a friend and had an excellent experience working with him. He carefully reviewed my prior tax returns and identified errors that had been previously missed. Even during his busiest season, he made the time to amend those returns, which resulted in a favorable outcome. I appreciate his attention to detail, professionalism, and thorough knowledge of the tax code. I would highly recommend his services.
Mackenzie Felker

Very knowledgable, kind, and professional. I will definitely will be returning and making them my every year accountant.
Dalten Curry

Super friendly and made the whole process simple and easy to understand.
Karen Senkbeil

Very knowledgeable and friendly staff. They explained everything clearly and found deductions I didn’t even know I qualified for. Highly recommend!
shelby lippincott

Dave Brown made it effortless to do my taxes I was nervous, it was a great experience for a tax visit.
L Michelle Nankervis

I highly recommend Dave at Paramount tax and accounting for all your tax preparation needs! From the moment I walked in, his professionalism and expertise were evident. He made the complicated tax process feel straightforward and manageable. Dave took the time to understand my financial situation and provided personalized advice that helped maximize my deductions while ensuring everything was compliant with the latest regulations. His attention to detail and thoroughness gave me great peace of mind during tax season. What I appreciated most was his willingness to answer all my questions and explain everything clearly. He truly cares about his clients and goes above and beyond to provide excellent service. If you're looking for a knowledgeable and trustworthy tax professional, look no further than Dave at Paramount!
Keola Wong

I had the pleasure of meeting with Dave to prepare my taxes. The process was smooth and professional. I felt welcomed to the office and Dave explained everything that was being put on my tax return. Throughout our meeting, Dave also provided tax advice for me to consider in the future. Overall I had a great experience and am glad to have chosen Dave and Paramount Tax and Accounting Scottsdale / North Phoenix to prepare my tax return.
Barbara Riveras

What a great experience! I am a new business owner and my business made a profit for the first time and I thought I was going to have to OWE a lot of money. Paramount actually figured out how to get me a refund! Also, the customer service, promptness and professionalism were excellent!
Tara Dorman

Dave is knowledgeable, professional, and very kind. We are truly impressed by his service and feel blessed to have found him. We highly recommend him.
Jason Asbury

Dave is a delight to work with!
Janesh Mishra

Dave at Paramount Tax and Accounting has been our tax go-to person for the last 3 years now. He has a ton of knowledge on all tax and accounting rules and always helps us get the best tax returns. He's diligent, responsive and guarantees his filings in case there's ever an audit. I will recommend him for your tax filing needs wholeheartedly.
Eve Hansen

Very pleased with their process and customer service. I highly recommend them!

Don’t Leave Money Behind

Maximize your deductions and reduce your liabilities. Schedule with Paramount Tax & Accounting Scottsdale / North Phoenix today

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 Scottsdale / North Phoenix, 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 Scottsdale / Cave Creek. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Scottsdale / North Phoenix!

Free Consultation 602-315-3679

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 Scottsdale / North Phoenix a call or visit our tax and accountingbookkeeping firm in Scottsdale / Cave Creek for a free consultation.

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