Tax Preparation

Paramount Tax Preparation Services

We are a full service tax preparation accounting firm. Please choose a tax preparation service below to learn more

Personal Taxes

We find all possible deductions and credits to which you are entitled.

Business Taxes

Small Businesses • Partnerships • LLC • LLPs • C-Corporations • S-Corporation

Amendments

Discovered errors • New information came to light • Forgot to claim key deductions

Tax Planning

Financial plans working together in the most tax-efficient manner possible

Tax Planning Services

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.


Books a Mess? No Problem!

We are constantly fine-tuning these strategies so that businesses and individuals pay the lowest amount of taxes allowable by law. In addition, we continually look for ways to minimize taxes throughout the year and not just at the end of the year.


Contact our team at Paramount Tax & Accounting to receive more information about our Tax Planning Services.

Tax Preparation Utah

Free Consultation

Call 801-341-2300 today!

Business Tax Preparation Service

Using tax preparation software to calculate your tax filings is a risk that most businesses cannot afford to make. In fact, letting a non-certified tax preparer/ accountant / bookkeeper is just as risky. With today's complicated tax laws, it is easy to overlook personal and business deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. This is why having an expert accounting team, such as Paramount Tax & Accounting on your side is so important. Allow us to help you navigate the potential financial pitfalls of preparing business taxes.

The risk involved in doing your own taxes is even greater as a small business owner. Paramount Tax & Accounting can help you clean up your books for the tax year as well as assist you in setting up a simple process to stay on top of your books.

Business Tax Preparation 801-341-2300

Personal Tax Preparation Services

Preparing your personal income tax return is a costly risk as it is easy to overlook deductions and credits you are owed. Even with computer software programs, there's no substitute for the assistance of an experienced tax professional.That is why having an expert accounting team, such as Paramount Tax & Accounting, is vital. Our hands-on, tax preparation service guarantees:

  • Your tax return is double checked by our computer software. This identifies potential red flags for the IRS. We also review the math to limit IRS contact.
  • Your tax return is filed electronically for a quicker refund.
  • Guidance on how to adjust your payroll withholding to get more money back each week.
  • Information on potential deductions to limit your tax liability for next year.
  • Information on commonly overlooked deductions to limit the following year's tax liability.

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. We find all possible deductions and credits to which you are entitled.

Individual Tax Preparation Free Consultation

Tax Preparation Utah

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 Accounting, 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 801-341-2300

Over the years my tax returns became more complicated and I needed a CPA I could trust to guide me through the process. Roy is a great partner and has made filing my taxes as simple and stress free as possible. His assistant Ariel is very helpful as well. I highly recommend Paramount Tax and Accounting.
— Jennifer McKelvey
Posted November 7th 2018
Google Local
Paramount was fast, reliable, affordable, and I got a refund when I thought I would owe!
— Randy A.
Posted September 22nd 2018
Yahoo! Local
— Lexi Holland
Posted August 25th 2018
Google Local
I had a number of tax questions, and Paramount was able to validate my plans, and also suggest some additional and unique strategies, providing me with additional resources to minimize my tax liability.
— Ron Schroeder
Posted August 25th 2018
Google Local
Showing 4 of 69 reviews (Average rating of total: 5 stars!)