Tax Planning

Paramount Tax Tax Planning Services

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.

We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.

Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that 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.

Here's just a few of the Tax Saving Strategies we use...

  • Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
  • Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
  • Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
  • Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
  • Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Contact Paramount Tax if you'd like to receive more information about our Tax Planning Services.

Tax Planning

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Utah tax preparation

Paramount Tax tax accountant

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Paramount in Lehi has gone the extra mile. They helped me on very short notice with an amended return, and they’ve done a fantastic job helping me navigate tax year 2024… and plan for 2025. Their online system for collecting documents and communicating back and forth is very convenient also.
— Tim Lott, Posted May 16th 2025 on google
We were looking for a new accountant that was more knowledgeable with S-corps, LLC’s, and small businesses in general. Working with Jeffrey has been a breath of fresh air as they were able to make the complicated aspects of our taxes seem easy and manageable. He was very understanding with our unique needs and helpe...
— Tasi Duncan, Posted May 16th 2025 on google
I scheduled a free 20 minute consultation and Jeff was extremely helpful in advising me. Highly recommend.
— Krissy Dayley Andrus, Posted April 22nd 2025 on google
We had a great experience thanks!
— Bradly Larson, Posted April 15th 2025 on google
Just switched to Paramount this year and saved a TON of $$! Worth every penny.. Braden is great to work with and very responsive to any questions I had.
— Blaze Van Natta, Posted April 12th 2025 on google
Jeff and Amanda are amazing! They are always professional and go over any issues with me and how it impacts my taxes. They always help get the best return possible. If you aren't using Jeff and Amanda you are missing out!
— Bryce Earl, Posted April 20th 2021 on google
I can't say enough good things about Paramount Tax. From the moment I walked in, I felt like I was in the hands of true professionals. The team is incredibly knowledgeable, patient, and genuinely cares about helping you make the best financial decisions. They took the time to explain every step of the process, answered...
— Sam Delahunty, Posted April 12th 2025 on google
Great tax firm; have helped us for last several years with expertise and timelines. Recommend to others.
— Barry Preator, Posted April 11th 2025 on google
What a great experience. Been using Turbo Tax for 15+ years. I had my doubts, thinking that no matter what, I still have to answer a thousand questions. But no, I just uploaded the docs and they did all the work.What a great company!
— Paul Canova, Posted April 11th 2025 on google
David at Paramount Tax and Accounting was fantastic to work with! He handled our personal tax return, business tax return, and a return for our real estate holding company, and made the whole process feel surprisingly easy. He sat down with me and my spreadsheets and we got everything knocked out efficiently. He’s i...
— Dianna Jensen, Posted April 11th 2025 on google
Sydney was awesome, was so worried about taxes this year being a 10-99 and having an LLC. She went above and beyond and I paid way less in taxes than I thought I was going to. Highly recommend!
— Sebastian Mancilla, Posted April 8th 2025 on google
Braden was awesome and very helpful. It was a quick and easy process to fill out everything and he called me to make sure I had sent over all of the documentation so that I could get the most out of my taxes. Thanks again for the help!
— Carson Fisher, Posted April 8th 2025 on google
Extremely helpful and timely in helping me prepare my taxes. They bring a wealth of knowledge and provide a friendly service.
— Jay Patel, Posted April 8th 2025 on google
This guyx̌s go way & beyond .. highly recommend them
— luis mercado, Posted April 7th 2025 on google
We love paramount! They are so good at what they do.
— Kierra Hanks, Posted April 3rd 2025 on google
I worked with Talena specifically and she is seriously the best. She is so up to date on all the things that could help us better plan for taxes in the future! Worth every penny! Will be coming back year after year ❤️
— Zach Gregory, Posted April 3rd 2025 on google
Braden is great as usual and always takes good care of us!!!
— Joshua Johnsen, Posted April 2nd 2025 on google
My work was trying to do something that I thought was borderline illegal. Then paramount looked into my situation and made sure I was safe from any audits and legal ramifications. Went back forth with some of the paramount's reps in like 14 emails about my concerns. Highly responsive and professional. I recommend them...
— Liam Cassell, Posted March 31st 2025 on google
Darrin provided excellent assistance with our questions and was prompt with filing.
— Mark Shepherd, Posted March 30th 2025 on google
They were super easy to work with and even helped me prepare for next year with my business and setup. 10/10!
— Jaden Bueno, Posted October 31st 2024 on google
Tax Planning 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 Tax Planning firm in America. So when you ask yourself, "Where can I find Tax Planning services near me?"... think no further than Paramount Tax!

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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 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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