$1 Million Tax Audit Protection 

Accounting Firm in Wallingford / Meriden, CT

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 our Wallingford / Meriden tax accountants 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 Wallingford / Meriden for any Wallingford / Meriden tax related questions. We are happy to assist any way we can!

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Get started with Paramount for your tax services in Wallingford / Meriden, CT, recommended by family and friends every time.

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Get started with Paramount for your tax services in Wallingford / Meriden, CT, recommended by family and friends every time.

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Hear Why Our Clients Love Us

  • Andrew Jarcho
    I brought my 2024 Income Tax returns to Ana. She is very competent, knowledgeable, and pleasant, and answered all of my questions. I feel confident trusting her with my taxes and any other accounting issues that may arise. Thank you, Ana!
  • Marissa Chong-Shing
    This is the second time I have done my tax with Ana, and I always have a great experience. She is very nice, explains how and why, and lastly things get done on time. I will come back next year :) Thank you Ana !
  • guardstarr15
    I was filled with anxiety as usual during tax time and they made me feel at ease and ended with a positive outcome. I will definitely be using them again next year.
  • Mary Pacheco
    Like very good
  • Sandra Ramirez
    (Translated by Google) 👌 excellent (Original) 👌 exelente
  • Ben Tramel
    I recently had the pleasure of working with Paramount Tax for my tax preparation, and I couldn't be more satisfied with the experience. Ana provided absolutely amazing services throughout the entire process. From the moment I walked in, she made me feel comfortable and confident in her abilities. What truly stood out was how thoroughly Ana explained everything to me. She took the time to walk me through each step, ensuring I understood all the details. Ana's expertise and personable approach truly set her apart, and it's clear she genuinely cares about her clients. I will definitely be returning to Paramount Tax next year, as I have complete trust in their services. Highly recommend!
  • Danielle Roman
    Ana Celia is very knowledgeable, patient and helpful. My husband and I are new business owners and she explained everything in detail and took her time to make sure we had everything we needed. Paramount Tax & Accounting is a pleasure to work with.
  • Betty Arzola
    (Translated by Google) The best experience when doing taxes Ana always resolves your doubts. 100% recommended (Original) La mejor experiencia a hacer los taxes Ana siempre resuelve tus dudas. Recomendado al 100%
  • Jessica W
    Ana was great! She was quick to respond, over communicative, and set up time to walk me through my taxes after the fact (none of my past accountants have done this). Will continue to work with her!
  • alfonso esneider londoño ramirez
    It's an excellent option for preparing your taxes. Highly recommended. They are prepared to answer all your tax return questions and provide excellent professional advice.
  • Dennys Berrios
    Excellent services. 100% recommended. Ana Celia professional.
  • Jeffrey Heinze Fry (plentyofpaper654)
    Ana was a pleasure to work with. We went over a variety of details on the return to ensure everything was accurate and that all questions were answered.
  • Jaime del gallego
    Excellent service 100% recommend, they are very knowledge.
  • Jeremiah Baker
    Ana is very thorough and takes the time to explain the process. I had a complicated set of taxes due to opening a business and she was able to adeptly walk me through all of the steps. She filed multiple sets of paperwork with the IRS and followed up with me each step of the way.
  • Daniel Alexandre
    Great experience working with Ana Celia for the 2024 income taxes. Appreciate the personal attention.
  • Marcie Gawel
    Fabulous & detail oriented
  • Aracely Pena-Aguilar
    Best Accounting Service in CT Highly recommend to anyone seeking help and guidance.
  • Macaria Reveles Aguirre
    (Translated by Google) Excellent service! We just did our taxes and we will return next year. (Original) Excelente servicio!, acabamos de hacer nuestros impuestos y regresaremos el próximo año.
  • Miriam Riestra
    (Translated by Google) Very good service! Very kind!😊 always solving my doubts (Original) Muy buen servicio! Muy amable !😊 siempre resolviendo mis dudas
  • Peter Reyes
    Very helpful, personable, and patient. A comfortable experience for my tax question and issues.
  • Andrew Jarcho
    I brought my 2024 Income Tax returns to Ana. She is very competent, knowledgeable, and pleasant, and answered all of my questions. I feel confident trusting her with my taxes and any other accounting issues that may arise. Thank you, Ana!
  • Marissa Chong-Shing
    This is the second time I have done my tax with Ana, and I always have a great experience. She is very nice, explains how and why, and lastly things get done on time. I will come back next year :) Thank you Ana !
  • guardstarr15
    I was filled with anxiety as usual during tax time and they made me feel at ease and ended with a positive outcome. I will definitely be using them again next year.
  • Mary Pacheco
    Like very good
  • Sandra Ramirez
    (Translated by Google) 👌 excellent (Original) 👌 exelente
  • Ben Tramel
    I recently had the pleasure of working with Paramount Tax for my tax preparation, and I couldn't be more satisfied with the experience. Ana provided absolutely amazing services throughout the entire process. From the moment I walked in, she made me feel comfortable and confident in her abilities. What truly stood out was how thoroughly Ana explained everything to me. She took the time to walk me through each step, ensuring I understood all the details. Ana's expertise and personable approach truly set her apart, and it's clear she genuinely cares about her clients. I will definitely be returning to Paramount Tax next year, as I have complete trust in their services. Highly recommend!
  • Danielle Roman
    Ana Celia is very knowledgeable, patient and helpful. My husband and I are new business owners and she explained everything in detail and took her time to make sure we had everything we needed. Paramount Tax & Accounting is a pleasure to work with.
  • Betty Arzola
    (Translated by Google) The best experience when doing taxes Ana always resolves your doubts. 100% recommended (Original) La mejor experiencia a hacer los taxes Ana siempre resuelve tus dudas. Recomendado al 100%
  • Jessica W
    Ana was great! She was quick to respond, over communicative, and set up time to walk me through my taxes after the fact (none of my past accountants have done this). Will continue to work with her!
  • alfonso esneider londoño ramirez
    It's an excellent option for preparing your taxes. Highly recommended. They are prepared to answer all your tax return questions and provide excellent professional advice.
  • Dennys Berrios
    Excellent services. 100% recommended. Ana Celia professional.
  • Jeffrey Heinze Fry (plentyofpaper654)
    Ana was a pleasure to work with. We went over a variety of details on the return to ensure everything was accurate and that all questions were answered.
  • Jaime del gallego
    Excellent service 100% recommend, they are very knowledge.
  • Jeremiah Baker
    Ana is very thorough and takes the time to explain the process. I had a complicated set of taxes due to opening a business and she was able to adeptly walk me through all of the steps. She filed multiple sets of paperwork with the IRS and followed up with me each step of the way.
  • Daniel Alexandre
    Great experience working with Ana Celia for the 2024 income taxes. Appreciate the personal attention.
  • Marcie Gawel
    Fabulous & detail oriented
  • Aracely Pena-Aguilar
    Best Accounting Service in CT Highly recommend to anyone seeking help and guidance.
  • Macaria Reveles Aguirre
    (Translated by Google) Excellent service! We just did our taxes and we will return next year. (Original) Excelente servicio!, acabamos de hacer nuestros impuestos y regresaremos el próximo año.
  • Miriam Riestra
    (Translated by Google) Very good service! Very kind!😊 always solving my doubts (Original) Muy buen servicio! Muy amable !😊 siempre resolviendo mis dudas
  • Peter Reyes
    Very helpful, personable, and patient. A comfortable experience for my tax question and issues.
Wallingford / Meriden, CT Tax Review

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We review 3 years back to find errors / missed deductions.

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