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

Accounting

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Accounting


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I’m extremely thankful to have met Ron. The service and knowledge he provides is top notch. It’s a win/win for both sides working with him. Thank you!
— Matt McShine, Posted May 27th 2023 on google
Very understanding, helpful and courteous, thank you so much
— Siosaia Pupua, Posted May 24th 2023 on google
We had to have some tax related questions answered and we got the answers we needed from the staff of Paramount. We are very pleased with the service we get from Jeff and the staff and would still recommend them.
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, Posted May 16th 2023 on facebook
Thank you Mrs. Taisha Carson for the fantastic job you have been doing for me lately. Your hard work and dedication has really helped me out during difficult times . I just wanted to make sure you know how much you are valued and appreciated. We know that the recent round of lay-offs has been very bad for company mora...
, Posted May 10th 2023 on facebook
They know what they're doing here. I trust them with my taxes completely. They are totally willing and happy to go over ideas and how to best protect yourself and add value to a business/project you're working on
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Dave and the rest of the team at Paramount are of the highest caliber. From thinking outside the box, to ensuring the highest level of attention to detail, Paramount is a top tier accounting firm!
— Brett Haymond, Posted April 18th 2023 on google
My experience with Paramount was great! They educated me on legal ways to save on my taxes that I wasn’t aware of previously. They exhibited great patience with my questions and took care of everything in a timely manner
— Michele Schroeder, Posted April 14th 2023 on google
We love you guys! They are quick and super helpful and efficient!!
— Lisa Cozzens, Posted April 12th 2023 on google
Highly recommended. David truly cares and gives his full attention which I greatly appreciate. Knowledgeable, helpful, friendly, what more could you ask for?
— Morgan, Posted April 10th 2023 on google
Great experience right from the beginning. Email and text reminders of my appointment. They also send links of forms that you will need and a document that you can load your forms. It was so easy and painless! Alexis was knowledgeable and so pleasant to work with.
— Jenny Miller, Posted April 10th 2023 on google
Paramount agents are knowledgeable, good at what they do, and we are grateful for their help. That being said, while our initial experience with Paramount was great things have definitely gone downhill. Twice now when we have gone in for scheduled appointments we have had significant waits… once because the account...
— Curtis Blanchard, Posted November 3rd 2021 on google
Would highly recommend, great service!
— Ceilidh Sells, Posted April 4th 2023 on google
David is the best for your tax service. Up to date professional knowledgeable and caring. Paramount is the go to company for all your tax service. Don't go anywhere else.
— Jim Leonard, Posted April 4th 2023 on google
The best team ever! Jeff and Kacey take care of my taxes with excellence as well a personal touch that is very important to me. Their expertise is appreciated every year! It's great to have the confidence I have with this team! Thanks!
— T n, Posted April 3rd 2023 on google
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Emilie and Kasey, they are friendly, sharp (answered all our questions) and extremely efficient, great team, my wife and I had our return done in 30 min. Outstanding!!! We'll be back! Thank you!
— Jim Luis, Posted March 30th 2023 on google
Amazing experience!
— Alex Podmazka, Posted March 29th 2023 on google
These guys were super awesome along with unmatched hospitality towards my family. I had a very unique tax situation with two variations in my filing status. In less than an hour we were able to resolve the issues. I can't thank Paramount agents and the owner enough for taking special interest in my familys situation. I...
— Ty B, Posted March 24th 2023 on google

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 & Accounting, is that our firm utilizes the services of CPAs, EAs, and Attorneys 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 & Accounting!

Free Consultation 801-890-4777

Upgrade to Tax & Accounting Firm

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 such as Certified Public Accountants (CPAs), EAs and Attorneys, 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 a call or visit our tax and accounting firm for a free consultation.

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Annandale, VA
7023 Little River Turnpike, Annandale
Virginia, 22003

703-939-9800

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

941-213-4532

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

480-247-6504

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

980-425-8987

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

385-529-0814

Desert Ridge, AZ
20860 N Tatum Blvd, Phoenix
Arizona, 85050

602-315-3679

Doral, FL
7791 NW 46th St, Doral
Florida, 33166

786-718-1575

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

801-890-4777

Gilbert, AZ (North)
1166 East Warner Road, Gilbert
Arizona, 85296

480-691-2030

Gilbert, AZ (South)
4365 East Pecos Road, Gilbert
Arizona, 85295

480-691-2075

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

623-267-4223

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

928-425-0141

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

Houston, TX
6575 W Loop S, Bellaire
Texas, 77401

713-347-0003

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

877-335-0661

La Mirada, CA
6 Centerpointe Drive , La Palma
California, 90623

626-968-8680

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

561-855-0006

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

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

702-583-4936

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

801-893-8535

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
180 N University Ave, Provo
Utah, 84601

801-669-9189

Rancho Cucamonga, CA
9267 Haven Ave, Rancho Cucamonga
California, 91730

909-484-3404

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
136 East South Temple, Salt Lake City
Utah, 84111

801-683-4969

San Jose, CA
2103 Lincoln Ave, San Jose
California, 95125

408-677-2755

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

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
1283 E. Galilee Way, Washington
Utah, 84780

435-565-6700

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

772-283-8500

Sugar House, UT
2150 S 1300 E, Salt Lake City
Utah, 84106

385-501-2045

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

832-856-1769‬

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

208-254-7788

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

801-899-3350

West Valley, UT
3624 West Bawden Ave, West Valley City
Utah, 84120

385-900-8046

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

954-937-1637

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

818-620-9061

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