Succession Planning and AccountingBookkeeping Firms in Katy, TX

Name: Paramount Tax & Accounting CPAs North Katy
Address: 1040 Schlipf Rd, Katy, TX, 77493, US
Telephone: 713-570-6368
Rating: 5

Succession Planning Services

If you own a family business, retirement isn't simply a matter of deciding not to go into the office anymore. You've got some critical questions to answer like...

"What happens to the business when you're no longer running it?"
"Will you have enough money to retire?"

The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.

Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord - or both.

Developing and implementing a well-designed succession plan with a Katy is essential to the survival of a family business from one generation to the next.

A Katy tax accountant can help you with these key issues -

Keeping it in the family. Are you going to pass the business on to your family or sell it to a third party? We help you weigh the advantages and disadvantages of each of these options.
Who's going to run the business when you're gone? Management and ownership are not one and the same. You may decide to transfer management of your business to just one of your children but transfer equal shares of business ownership to all your children, whether they're actively involved in the business or not.
Minimizing the tax bite. The tax burden when transitioning a family business can be significant. The challenge is that a family business is not generally a liquid asset, but taxes are typically due when ownership is transferred.
Making it fair. Transferring family ownership often adds a tremendous amount of stress to individual family members. We talk with each of the family members to ensure that they feel they a getting an equitable and fair share of the pie.

What we do for you...

Once we understand how you feel about the key issues above, we begin constructing your succession plan focusing on these 5 issues...
Business Valuation
Business Restructuring
Tax Consequences
Retirement Projections
Tax Projections

Contact Paramount Tax & Accounting CPAs North Katy if you'd like us to help you pass on what's taken a lifetime to build. We offer free consultations on all of our financial planning and tax services in Katy.

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Hear Why Our Clients Love Us

Santley Bookkeeping

Abolaji at Paramount Tax & Accounting is not only my personal CPA, but she's my go-to CPA when one of my bookkeeping clients needs a referral to a CPA. She's thorough and highly professional, not to mention extremely personable. I highly recommend her.
Jc Wingfield

Abolaji helps small business owners plan ahead of tax season. Taxes can feel like a maze for any small business owner. But Paramount helps every step of the way. I highly recommend Paramount Tax and Accounting.
Devon Pittarelli

Abolaji is a very professional individual and you can definitely count on her for your accounting and tax planning needs. Once you know her background and how she arrived to where she is at now; it really makes sense how she executes her business, and it has been easy to trust her because so! Trust me when I say, you won’t be disappointed 👍🏼
Tracey Porter

Ms. Abiodun is amazing. She is thorough, friendly and consistent. She made sure that every possible detail of my taxes were completed and precise. She's handled my taxes over three years and all of the friends that I've referred, love her as well. She handles everything from taxes, to out of state taxes to audits. She explains with clear detail any concerns you may have and is always available if you have questions. She even went over my taxes done by someone else and found an additional 1000 refund! She is truly a diamond!
Steph

I was looking for a CPA to do my personal income taxes and Paramount was recommended to me. The service was outstanding. Abolaji stayed in constant contact with me during each step of the way in preparing my taxes. Updating and sharing documents was so easy and efficient. Once I reviewed and approved my return she took care of the e-filing for me. If you are looking for CPA to handle your personal income taxes I highly recommend Paramount Tax and Accounting CPAs. I will definitely use them for future filings.
Noah Hedegaard

As a new business owner, taxes and accounting can feel overwhelming, but they’ve made the entire process clear, approachable, and stress-free. They’re extremely knowledgeable, very kind, and always responsive. What I appreciate most is how upfront and transparent they are — no surprises, no confusing explanations, just honest guidance and real help when I need it. Every question I’ve had has been answered quickly and thoroughly, which has given me a lot of confidence moving forward.
Akeukereke Tosin

Extremely detail-oriented. They went through every document and ensured everything was perfect before filing. I recommend paramount tax and accounting for every of your tax needs.
Amandeep Saluja

Abolaji is dependable, thoughtful, and truly committed to doing what’s right. You can trust them to show up with integrity every time.
TAI LA

I had good experience talking with Abby and get what I need done professionally in tax service. Highly recommended Abby and her team!
Salieu King

Great work and amazing customer service, highly recommended.
Catherine Omotoso

Simply, easy to understand and use applications
Olasumbo Abiodun

Abby is exceptional. You will be glad working with her.
Scott W

Abby has been phenomenal to work with, is very friendly, and knowledgeable. I highly recommend her and Paramount Tax!
Melissa Pena

Abby is awesome! Very kind and knowledgeable
Gary Schultz

We have used Paramount Tax for the past few years and are so glad we made the decision to have them prepare our 2 business and our personal tax returns. Abby’s knowledge of the ever changing tax laws coupled with her professionalism really made a difference. Her willingness to answer our questions in a timely manner has solidified our relationship with Paramount Tax.
Madison Leonelli

Abby has been so wonderful to work with and made my experience seamless as possible!
Gina Doane

Thank you for the wonderful tour of the office. Also your time you spent explaining everything, it was a great help.. look forward to doing business with you.
Lil Barron

We have used Paramount Tax for the last three years! Their professional way of handling our taxes was thorough and helped get us through a hard tax year! Call Abby, she is the best! Thank you and we will be back!!
Brandon Sieverts

Abby with Paramount tax and bookkeeping has been absolutely amazing. She has been able to help me to ensure my taxes are done correctly and quickly! Definitely recommend Abby for all your tax or bookkeeping needs…
Suzanne Leonelli

Big shout out to Abby. You’re the BEST. Thank you for all your help! One of the best CPA’s I know.

Don’t Leave Money Behind

Maximize your deductions and reduce your liabilities. Schedule with Paramount Tax & Accounting CPAs North Katy today

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

Free Consultation 713-570-6368

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 North Katy a call or visit our tax and accountingbookkeeping firm in Katy for a free consultation.

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