New Business Formation 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. A professional Certified Public AccountantBookkeeper in Draper will help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We 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, one of the top Draper accountingbookkeeping firms, 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!

I've been using Paramount Tax for 6 years now. No matter who I've worked with, they've always delivered above my expectations! I have recommended them to colleagues of mine that now use their services as well.

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Paramount Tax is extremely efficient and knows how to take care of their clients. Isaak was a pleasure to work with and was able to get my taxes done in a snap! It was a seamless appointment. I would highly recommend Paramount Tax!

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We filed taxes for the first time on our LLC with Braden at Paramount and had a great experience. Braden was professional and helped us save a lot on our taxes this year. Highly recommend this firm and Braden.

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Braden T was awesome saved us a ton of money, very enjoyable to work with.

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Braden Thompson at Paramount did a spectacular job on my taxes. My only regret is that I didn't go to Paramount and have Braden do my taxes years ago!

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Malcolm was super awesome! Originally we had an appointment with someone else but Malcolm assisted us cause the other person was in his appointment late. He was super fast and helpful and went over everything. Thank you Malcolm!

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Very professional and friendly. They make a complicated tax process so simple! 100% recommend

— Sharlissa Olson (Punskittles), Posted March 22nd 2024 on google

This was our first time using them and they were great. They were quick and very knowledgeable. We will definitely use them again.

— Erica Nielsen, Posted March 20th 2024 on google

Everyone at this office is so kind and friendly and super helpful! The accountant who helped me is named Braden Thompson and I’m bringing all my business friends and clientele to him because he worked miracles on my business taxes and personal as well—he is so knowledgeable and goes over and beyond to help! Best ac...

— Belle Thompson, Posted March 18th 2024 on google

Thanks, Todd, for saving me so much time and sparing me the headache of doing my own taxes. This isn’t my expertise at all and you made the whole process feel so simple.

— Anna Welch, Posted March 8th 2024 on google

Most amazing customer service and expertise. Braden was super helpful.

— Kevin Thompson, Posted March 6th 2024 on google

Easy to schedule, friendly staff. Jensen was great!

— Tyler Thompson - Basketball, Posted March 1st 2024 on google

After years of working with an agent at Paramount Tax (and a horrific experience), I came back to the main offices for a last hurrah before looking elsewhere. Paramount as a whole had been good to me and my business, but that last experience with Christy was terrible. My wife and I (and partner on the phone) were tre...

— Adam Russo, Posted March 7th 2023 on google

Isaak is the best tax preparer we have ever worked with. He is so friendly and engaging! He is knowledgeable and makes himself available with any questions. Truly the best of the best.

— Rachel Beverley, Posted February 29th 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 New Business Formation 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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