Accounting

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 us 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 if you'd like to receive a Free Consultation on our Small Business Accounting Service.

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Accounting

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  • Amanda Kluesner
    Jenny with Paramount is wonderful! I cannot recommend her enough! If you need an accountant, use her! Thank you, Jenny! You’re a rockstar of the tax world!
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    I have been going to Jon for years, Sydney Rocks the Kazbah!! I feel like family!!
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    We went to Paramount Tax in South Jordan and they were great. We recommended them to our family members. They saved us a lot of money. We will be going back>
  • Ralph C. Petty
    Paramount has done my taxes for the last three years. They have been great. They find every deduction and benefit that they can to save me money. They go the extra mile, help with all the questions, and take all of the pressure of taxes away. Their charges are reasonable and fair. They are first rate!!
Accounting awards

Winner! 2017 Angie's List Super Service Award.

Testimonials Awards

Paramount Experience

Many people do not know how a professional tax and accounting firm differs from a bookkeeper or tax preparer. The main difference when working with a professional tax and accounting firm, such as Paramount Tax, is that our firm utilizes the services of licensed tax professionals who are distinguished from other finance professionals by stringent qualification and licensing requirements. 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 Accounting firm in America. So when you ask yourself, "Where can I find Accounting services near me?"... think no further than Paramount Tax!

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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 accounting firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accounting 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 a call or visit our tax and accounting firm for a free consultation.

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Amherst, NH
12 Middle Street, Amherst
New Hampshire, 03031

603-757-5980

Annapolis, MD
1997 Annapolis Exchange Parkway, Annapolis
Maryland, 21401

410-562-5832

Bountiful, UT
190 N Main St, Bountiful
Utah, 84010

801-683-9734

Bradenton Beach, FL
7830 Cortez Rd W, Bradenton
Florida, 34210

941-761-8353

Bradenton, FL
1201 6th Avenue West, Bradenton
Florida, 34205

941-213-4532

Brea, CA
330 E Lambert Rd, Brea
California, 92821

626-968-8680

Campbell, CA
1426 E Hamilton Ave, Campbell
California, 95008

408-558-9000

Centennial, CO
8310 South Valley Highway, Englewood
Colorado, 80112

720-881-9950

Chandler, AZ
1490 South Price Road, Chandler
Arizona, 85286

480-247-6504

Charlotte, NC
5835 Executive Center Drive , Charlotte
North Carolina, 28212

980-425-8987

Columbia, MD
10490 Little Patuxent Pkwy, Columbia
Maryland, 21044

833-319-1155

Cottonwood Heights, UT
6900 S 900 E, Midvale
Utah, 84047

385-529-0814

Cypress, TX
14150 Huffmeister Rd, Cypress
Texas, 77429

713-347-0003

Draper, UT
12481 S. Fort St., Draper
Utah, 84020

801-890-4777

Eastvale, CA
7588 Stonegate Dr, Eastvale
California, 92880

951-968-0286

Gilbert, AZ
4365 East Pecos Road, Gilbert
Arizona, 85295

480-691-2075

Glendale Heights, IL
2005 Bloomingdale Rd, Glendale Heights
Illinois, 60139

630-669-3557

Glendale, AZ
18275 N 59th Ave, Glendale
Arizona, 85308

623-267-4223

Globe, AZ
656 North Broad Street, Globe
Arizona, 85501

928-425-0141

Green Bay, WI
131 North Broadway, De Pere
Wisconsin, 54115

920-314-0500

Henderson / Boulder City, NV
170 S. Green Valley Parkway, Henderson
Nevada, 89012

702-757-2080

Herriman, UT
13212 S Woods Park Dr, Herriman
Utah, 84096

385-312-9192

Hershey, PA
2550 Interstate Drive, Harrisburg
Pennsylvania, 17110

272-242-8850

Idaho Falls, ID
330 Shoup Avenue, Idaho Falls
Idaho, 83402

208-776-8350

Jensen Beach, FL
3300 Northeast Sugarhill Avenue, Jensen Beach
Florida, 34957

772-283-1088

Katy, TX
24044 Cinco Village Center Blvd., Katy
Texas, 77494

832-345-6835

Lake Worth, FL
2328 10th Ave N, Lake Worth
Florida, 33461

772-878-6619

Las Vegas, NV (Central)
8170 W Sahara Ave, Las Vegas
Nevada, 89117

702-983-0115

Las Vegas, NV (South)
8275 South Eastern Avenue, Las Vegas
Nevada, 89123

702-389-1733

Las Vegas, NV (West)
8430 W Lake Mead Blvd, Las Vegas
Nevada, 89128

702-343-9257

Lehi, UT
3450 N. Triumph Blvd., Lehi
Utah, 84043

801-753-5767

Manhattan, KS
227 Southwind Place, Manhattan
Kansas, 66503

785-450-9450

Meriden, CT
250 Pomeroy Ave, Meriden
Connecticut, 06450

475-206-0155

Miramar, FL
15800 Pines Blvd, Pembroke Pines
Florida, 33027

919 328-1944

Moapa Valley, NV
120 N Moapa Valley Blvd, Overton
Nevada, 89040

702-583-4936

Ocoee, FL
6965 Piazza Grande Ave, Orlando
Florida, 32835

689-205-7588

Ogden, UT
2590 Washington Blvd, Ogden
Utah, 84401

385-204-1834

Orem, UT
1441 South 550 East, Orem
Utah, 84097

801-893-8535

Owasso, OK
9701 E 86th St N , Owasso
Oklahoma, 74055

539-224-0060

Plano, TX (North)
4324 Mapleshade Ln, Plano
Texas, 75093

972-600-1245

Plano, TX (West)
7250 Dallas Pkwy, Plano
Texas, 75024

972-737-6744

Port St. Lucie, FL
1586 Southwest Bayshore Boulevard, Port St. Lucie
Florida, 34983

772-878-6619

Provo, UT
288 W Center Street, Provo
Utah, 84601

801-515-3098

Rancho Bernardo, CA
16776 Bernardo Center Dr, San Diego
California, 92128

858-299-1134

Rancho Cucamonga, CA
8577 Haven Ave, Rancho Cucamonga
California, 91730

909-484-3404

Redlands, CA
1255 W Colton Ave, Redlands
California, 92374

909-907-9511

Richmond, VA (East)
7300 Hanover Green Drive, Mechanicsville
Virginia, 23111

804-424-0594

Riverside, CA
14604 Ashton Ct, Moreno Valley
California, 92555

951-655-0341

Salt Lake City, UT
1392 South Utahna Drive, Salt Lake City
Utah, 84104

801-661-9433

San Jose, CA
1088 Branham Lane, San Jose
California, 95136

408-622-0943

San Marcos, TX
325 E Hopkins St, San Marcos
Texas, 78666

512-214-2229

Sandy, UT
9295 S 1300 E, Sandy
Utah, 84093

385-501-1904

Saratoga Springs, UT
1305 N Commerce Drive, Saratoga Springs
Utah, 84045

801-683-4967

Scottsdale, AZ
8701 E Vista Bonita Drive, Scottsdale
Arizona, 85255

602-315-3679

South Jordan, Riverton UT
10808 S. River Front Parkway , South Jordan
Utah, 84095

801-984-2038

Springville, UT
940 S 2000 W, Springville
Utah, 84663

801-358-0463

St. George, UT
50 E 100 S, St. George
Utah, 84770

435-565-6700

Stuart, FL
400 SE Flamingo Ave, Stuart
Florida, 34996

772-283-8500

Sugar Land / Richmond, TX (North)
15500 Voss Road, Sugar Land
Texas, 77498

346-291-3378

Sugar Land / Richmond, TX (South)
77 Sugar Creek Center Blvd, Sugar Land
Texas, 77478

832-261-7520

Treasure Valley, ID
167 NE Beaman Street, Mountain Home
Idaho, 83647

208-254-7788

Tustin, CA
14081 Yorba St, Tustin
California, 92780

714-922-0480

West Jordan, UT
8823 S Redwood Road, West Jordan
Utah, 84088

801-899-3350

Weston, Pembroke Pines FL
1820 N Corporate Lakes Blvd, Weston
Florida, 33326

954-937-1637

Wichita, KS
1999 N Amidon Avenue, Wichita
Kansas, 67203

316-361-7040

Woodland Hills, CA
6931 Topanga Canyon Blvd #1, Canoga Park
California, 91303

818-620-9061

Yorba Linda, CA
155 N Riverview Dr, Anaheim
California, 92808

714-485-8675

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