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Professional Tax Preparer Provo

With the availability of do it yourself tax software, many are left wondering if hiring a tax preparer or purchasing the software is the right option for them. Every situation is different and everyone's taxes are unique. Some may feel secure enough in their knowledge of taxes, deductions and numbers to use the software while others find the very idea of taxes daunting and overwhelming. However, there are a few factors that can complicate taxes and deductions. As a general rule of thumb, if you have any of the following situations, hiring a tax preparer in Provo will ensure that you do not miss a single deduction or render yourself liable to audits.

  • Business Owner- Owning a business, big or small, comes with numerous complex tax rules and elections that you may want to discuss with a professional. There are several ways to write off business expenses and a tax preparer will not only be able to assist with your current taxes, but will be able to advise you on the best possible solutions to maximize deductions in the future.
  • Major Life Event- Major changes during a tax year will affect how you file, these can include buying or selling a home, buying or selling a business, inheritance, adoption, divorce, death of spouse of dependant, etc. There are certain rules that apply to each unique situation that can be more difficult to navigate without a professionals help.
  • Multi-state Residency or Employment- Living in one state and working in another, or moving states mid year can present some challenges with state income tax. A tax professional will help you iron out the wrinkles and will help navigate the allocation and residency issues that can arise in living or working in multiple states.
  • Foreign Assets- If you have assets in any foreign country the IRS requires that you report it. There are special forms to file as well as deductions for any eligible expenses they incur. A tax preparer will be able to accurately calculate exchange rates as well as advise on all of the red tape that comes with foreign assets.
  • Mistakes on Previous Taxes- If you have made mistakes on your tax returns, you have three years to amend them, minimizing the damage. A professional tax preparer can help correct and file an amended tax return before major consequences occur.

Tax Preparing Provo

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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 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 Tax Preparing 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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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 Provo a call or visit our tax and accountingbookkeeping firm in Provo for a free consultation.

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Tax Preparing Provo

Amendments

It is not uncommon to come across a significant deduction or error that was overlooked when you filed taxes. When this happens, the Internal Revenue Service allows you the opportunity to retroactively amend your taxes to rectify such errors. Whether you received a revised 1099, overlooked a sizable charity deduction, or even miscalculated your mortgage interest, amending your tax return can help you recover the money you are rightfully owed.

At Paramount Tax and AccountingBookkeeping, we not only help you amend your taxes, but also:

  • Calculate your estimated refund
  • Identify reasons (if any) NOT to amend
  • Determine the timing of filing an amendment
  • Determine whether amending your taxes is worth the time and investment

Although there are no requirements or penalties for not filing an amendment, our tax return specialists at Paramount Tax & AccountingBookkeeping can help you best understand.

Free Consultation 801-515-3098

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Hear Why Our Clients Love Us

  • Brian Springer
    Emilie was fantastic!
  • Jinelle Barrow
    Candie has helped me with my books for the last few years and is wonderful at giving me pointers on some issues I was stuck on! Paramount has been optimal in helping us ensure we are staying compliant and efficient with our business. They are worth their weight in gold! Thank you Candie & Paramount!
  • Dave Andrews
    I cannot say enough about the incredible service I received by Darrin K. During one of the busiest times of the year — tax season — he was responsive, detailed, and genuinely invested in helping me clean up a complicated back tax situation. What blew me away was that another firm quoted me $18,000 more for what would have been far inferior service. He didn't just save me money — he gave me clarity, peace of mind, and a path forward. If you're looking for an accountant who actually cares about your outcome and treats you like a priority, look no further.
  • Edson Conceição
    Good
  • Kevin Pena
    Great service! They were very kind and responded to each of my questions. Highly recommended!
  • Tyler W
    I've worked with several CPA's over the years and I was really impressed with Ashley and the team at Paramount. If you are looking for accounting or tax guidance in Utah county, highly recommend these guys!
  • 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.
  • Angel García
    I cannot recommend Paramount Tax & Accounting enough! As a business owner, finding a CPA who actually understands the pace of entrepreneurship is rare. The onboarding process was incredibly easy and seamless, which I appreciated given how busy things can get. What stood out the most was their speed. They move much faster than any other CPAs I’ve worked with in the past, and their communication remained consistent throughout. Most importantly, they saved us a significant amount in taxes and provided proactive recommendations that have already made a tangible impact on our business strategy. If you want a firm that is responsive, fast, and actually looks out for your bottom line, this is the place.
  • D K
    Meeting Ashley was a breath of fresh air. She was able to explain the process and the fees upfront. Wonderful demeanor and friendly attitude. I would recommend this company for any business.
  • gabriel farnese
    Smart and helpful trying to help their customers to understand what their doing and what they can do to make their business or life better and easier when it comes to taxes and strategies for the next year!
  • Lindsey Dewitt
    I would recommend them to anyone. So helpful and so nice. As a new business owner it’s hard navigating everything and I’ve received nothing short of the best service.
  • Parker Strong
    Spoke with Ashley and she was incredibly knowledgable and friendly! Would absolutely recommend!
  • Brookklyn Huberty
    paramount is the best! super supportive and helpful with all my questions.
  • Christel S
    Ashley is helpful and knowledgeable. We appreciate her service and would recommend her to others.
  • Brittney Cochran
    The team is very knowledgeable, kind, and professional. Their turnaround time for projects and questions is quick. We are new to running a small business, and the team is super patient with answering questions and helping us understand the correct way to track expenses, file sales tax, and keeping our books clean. 5stars!
  • Kim Bronk
    I can't say enough good things about Paramount Tax & Accounting CPAs in Provo! We absolutely love working with them! We started using them over a year ago. We used to get so stressed about taxes and bookkeeping, but they've made the whole process easy and understandable. Their team takes time to explain things and answer all our questions without making us feel silly for asking. They handle both our small business and personal taxes. We were so impressed they also do our bookkeeping. They are well organized, professional and approachable. We've been impressed with how helpful and patient they are. We feel confident that our finances are in good hands and highly recommend them to anyone!
  • Vickie Walker
    Just waiting to hear what the finale tax is
  • Whitney Howse
    We have loved using paramount for our business and personal taxes these past couple of years, they make the whole process so smooth!
  • Lorrie Chavez
    Prompt responses, extremely knowledgeable in anything tax and bookkeeping! Tremendously helpful in preparing me for tax season! Highly recommend
  • Mark E.
    Ashley did a wonderful job explaining how I can plan for SSA to minimize tax consequences while staying 100% legal. Our taxes are complex and she is the best!