Business Incorporation Services in Draper, UT

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. As one of the top AccountingBookkeeping firms in Draper, we help you avoid the common pitfalls that many new small business owners make when starting their new venture.

Our tax accountantsadvisors in Draper help you...

Prepare an initial business plan to clarify your marketing, management, and financial plans.
Determine your start-up capital needs.
Identify sources of start-up capital and backup sources if needed.
Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
Select the right accountingbookkeeping software by evaluating your budget, needs and hardware.
Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
Establish billing and collection procedures to maximize your cash flow.
Establish procedures to monitor and control costs.
Setup a home office so you can maximize your tax deductions.
Prepare and file all required state and local licenses and permits.
Prepare and file your application for your Federal Employer Identification Number.
Provide payroll and payroll tax filing when you bring on your first employee.
Comply with employment laws so you don't get hit with fines and unhappy employees.
Identify your business insurance needs.
Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.

Let us help you succeed by getting your new business off to a good strong start.

Contact Paramount Tax & Accounting CPAs Draper and to see how we can help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our New Business Formation Services.

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Draper, UT tax preparation

Paramount Tax & Accounting CPAs Draper tax accountant

Call 801-890-4777 today!

These guys at Paramount are awesome! This is the only place to go for tax preparation. Look no further. I especially enjoyed working with Braden and Jon.

— Jim Moss, Posted March 4th 2025 on google

Have used Paramount Draper since 2017. Just finished 2024 taxes, Alex was awesome, he helped me with my business and personal return. He's sharp and capable. I have also corresponded with Paula, the admin, over the last several years and she is extremely prompt at responding to phone calls and emails. Thank you!

— Lisa Phillipps, Posted February 26th 2025 on google

Absolutely incredible working with the extraordinary men at Paramount Tax

— LeeAnn Fulton, Posted February 24th 2025 on google

Quick turnaround, easy to work with, and responsive.

— Aaron Chambers, Posted February 21st 2025 on google

Paramount was great because they were fast to turn around my return, they addressed my concerns and were very helpful through the process. I will use them again.

— James Gilman, Posted February 21st 2025 on google

Jon and Braden were super helpful! Made things a lot easier this tax season

— Cassie Johnsen, Posted February 21st 2025 on google

I've used paramount for years, It is 100% worth it! Doing taxes has become so much less stressful and they always work to get you the best return you can! I've worked with multiple accountants there and all three have been great!

— Isaac Parker, Posted February 18th 2025 on google

We met with Jon and Braden today to file our 2024 taxes and they were both amazing. They were both very knowledgeable and walked us through every section of our taxes, including small business filing. We will absolutely continue to use them in the years to come.

— Bonnie Grigoratos, Posted February 17th 2025 on google

Braden and John are AWESOME. They were super patient, and walked us through expenses and the current tax landscape for businesses. They are our tax team going forward bar none. (Bonus points for going over the benefit of brushing one's teeth regularly).

— William, Posted February 17th 2025 on google

I’ve been going to Paramount since 2022 and and my experience gets better and better each year. 2023 I worked with Braden Thompson and he was amazing to work with especially with my small business. He was able to find every possible way to benefit my business and more. I went back to Paramount this year to file and t...

— Fetaiaki Manuatu, Posted February 17th 2025 on google

Love Paramount tax and accounting. I've been using them for a few years now. They helped me save a bunch in taxes and they are also very responsive when I need their help. Highly recommend!

— Kyle Pierce, Posted February 14th 2025 on google

It would not be at all dramatic to say that this tax firm changed my life. I have been a client since 2021 and will never go back. PI am a one woman small business (self employed hairstylist) and with the help of Paramount, tax season has quickly turned from an absolute nightmare to just another easy breezy day. I cann...

— Kaitlyn Pia, Posted February 12th 2025 on google

Excellent job, helped out a lot. Fair price for the service.

— roger sprague, Posted February 11th 2025 on google

Making an appointment was easy and they helped guide us through the tax process and complete our return. They helped us identify ways to reduce our tax burden. Thank you!

— Adam Humpal, Posted February 8th 2025 on google

I was worried about doing taxes since our original one we had for many years had stepped away from the industry. Paramount made the on boarding eerily seamless. Darrin was fantastic with navigating with my spouse and I through the process. Patient when I had questions/concerns. I look forward to future work with him an...

— Drea Hymas, Posted February 5th 2025 on google

We met Braden for a consultation. He was very happy to answer many of the questions that we had regarding our estate taxes.

— Jerry James, Posted October 26th 2024 on google

I love working with Paramount! They are always efficient and easy to work with!

— Austin Rawlings, Posted October 15th 2024 on google

Paramount has done an exceptional job! I appreciate their attention to detail and willingness to go the extra mile.

— Janna Simonsen, Posted October 15th 2024 on google

The team at Paramount is amazing, this was my first year filing with them. Darren was awesome and super attentive, and at one point we had 3 people in the room looking over some deductions to make sure they were accurate. In a one hour meeting they tripled what I thought my return would be. They are worth every penny, ...

— Caitlin Probst, Posted October 12th 2024 on google

Southwick and team are fantastic and super easy to work with. Their fees are more than fair and their prompt attention to requests and questions is impressive. Highly recommend.

— David Webb, Posted October 10th 2024 on google

Free 3-Year Tax Review

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

Paramount Experience

Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accountingbookkeeping firm, such as Paramount Tax & Accounting CPAs Draper, is that we know taxes!

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 Business Incorporation firm in Draper. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting CPAs Draper!

Free Consultation 801-890-4777

Upgrade to Tax & AccountingBookkeeping Firm

Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accountingbookkeeping firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accountingbookkeeping 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 & Accounting CPAs Draper a call or visit our tax and accountingbookkeeping firm in Draper for a free consultation.

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