$1 Million Tax Audit Protection 

Accounting Firm in Provo, UT

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 Provo 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 CPAs - Provo for any Provo tax related questions. We are happy to assist any way we can!

Easy Online Booking

Get started with Paramount for your tax services in Provo, UT, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting CPAs - Provo

Easy Online Booking

Get started with Paramount for your tax services in Provo, UT, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting CPAs - Provo
Request Appointment

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Hear Why Our Clients Love Us

  • Karilee Park
    Paramount has been so patient and flexible with me making sure that I understand every part of the process and getting me as much of a return back as possible. I could not be more thrilled!
  • Shawn Hammer
    Ashley is awesome. She knows more tax strategies then I even knew existed. After speaking with her I'm very confident that I will not be paying the taxes I have been paying in the past. Great job Ashley!!
  • Lori Hicks
    Ashley is very knowledgeable and very expert in tax law. I knew I was in good hands. We got my tax return prepared and then she helped me with some great strategies and best practices for the future. I would highly recommend her as a personal and business tax advisor.
  • Boogiedownbarbershop
    This group of people are very helpful and patient and willing to Answer so many questions
  • Ben Phillips
    Met with Ashley Jefferies. She is the best! Super knowledgeable, answered all my questions, and added helpful insights I hadn’t considered. 💯 recommend both her and Paramount.
  • Amy Fallon
    So easy! So helpful and friendly service! I especially appreciated working with Ashley!
  • MAYRA SARMIENTO - VWC
    I worked with Kacey, very professional and attentive to detail. I highly recommend paramount account to anyone who needs tax and accounting services!
  • A Parker
    Jeffrey and his team at Paramount are great. They make the whole process of filing as easy as it can be. The process is online/virtual so if you're out of state, it's no problem. My husband and I have been filing our Arizona business and personal taxes with him since 2022 and it's been smooth sailing. Plus, the added support calls during tax filing, and mid-year really help us stay informed, educated and on track. If you're looking for a new accountant - Paramount has you covered!
  • Benjamin LaFleur
    They do a great job of my taxes and are always ready for questions I have. They are prompt courteous and very knowledgable. They work both in person and virtually, which helps with busy schedules.
  • Jinelle Barrow
    Candie and Ashley were absolutely wonderful giving me pointers on some issues I was stuck on! The 30 minute consult was jammed packed with great info and I will definitely be utilizing their expertise in the future. Worth its weight in gold! Thank you ladies!
  • Josh Ericksen
    Super helpful. I worked with Jeff and Kacey and they really know their stuff. They saved me tons of money. Super easy to work with.
  • Shelby Lasley
    Ashley Jefferies was such an awesome person to work with! I had so many questions, and even realized in my short about of time with her that I was under the wrong business entity, she told me how to go about changing things and told me what I needed to know and hear. I will be definitely filing my taxes with them!
  • Jenny Bullock
    Quickbooks is like a different language to me, and Ashley was so patient with us and explained it in terms that we would understand. She listened to our needs and was so attentive and helpful.
  • Alice Dantas
    Amazing!!! They are the best for sure!!!! I finally found the company that I can trust to do my taxes!
  • Logan Gardner
    Very professional and attentive to detail. I️ felt like they really cared about making sure my tax filing was done correctly and that I️ understand what strategies they used. Highly recommend.
  • Kenyon Petersen
    They have done my taxes for the last few years. They have been prompt, helped me understand my taxes, and even strategized with me.
  • Kolten Bramall
    They did a great job helping with out taxes! They helped us write off everything we could and spend lots of time answering our questions
  • Alexis Ericksen Proksch
    Always amazing working with these guys. The process is easy, straightforward and quick.
  • Debbie Hema
    My experience at this firm has been exceptional. They are very professional, savvy, and organized. I highly recommend them for anyone with a business or who have dependents with special needs
  • Kate Hooley
    I feel very grateful to have found Paramount and Ashley.
Provo, UT Tax Review

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

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