Succession Planning and AccountingBookkeeping Firms in Rancho Cucamonga, CA

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 Rancho Cucamonga is essential to the survival of a family business from one generation to the next.

A Rancho Cucamonga 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 Rancho Cucamonga 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 Rancho Cucamonga.

Rancho Cucamonga, CA tax preparation

Paramount Tax & Accounting CPAs Rancho Cucamonga tax accountant

Call 909-484-3404 today!

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Additional Business Services

Great people.to work with. We look forward to working with Chris again in the near future

— Eber Salcido, Posted May 1st 2025 on google

I have used Paramount Taxes for over 10 years. They are trusted, friendly and knowledgeable. Chris and Maral are my favorites!!!

— Elli Swedish Vallhund, Posted April 24th 2025 on google

Very professional and very kind.

— Mia Gail, Posted April 2nd 2025 on google

From Roxy to Andrew, Chris and Mike all our expectations surpassed, welcoming connections, honest wisdom, uniquely structured to fight for you year round. All you need to do is call to be part of the family.

— Vvx J, Posted March 27th 2023 on google

So friendly, professional, and easy. I was left with a feeling of relief with the knowledge that my family trust's taxes were done right. Michael was a joy to work with.

— Marilyn Prince, Posted March 29th 2025 on google

Chris has been my accountant since 2006! Always professional and always a pleasure to work with.

— Jessica Campbell, Posted March 20th 2025 on google

I've been working with Paramount for a few tax seasons now and I have nothing but stellar thoughts about them. They get me what I need to feel secure in sending off my taxes, which is probably -ahem - Paramount but more importantly for me is their willingness to answer my questions and work with me as a valued human be...

— Kila Kitu, Posted March 19th 2025 on google

Maral was amazing! She was patient, quick, and efficient. I would highly recommend! Thank you so much for your help.

— Alexius Samuel, Posted March 18th 2025 on google

Thank you, Maral!

— Tom Hernandez, Posted March 13th 2025 on google

They are the very best Micheal and his staff are Amazing they make you feel like family and take the time to explain everything to you so you can understand Me and My Wife will always be loyal customer MR & MRS ERAUSQUIN

— Neftali Erausquin, Posted March 11th 2025 on google

Veronica is great! 👍 Soooo happy to have found Paramount for something most of us dread 😬 doing every year! Very knowledgeable and thorough.

— Brooke Faust, Posted March 8th 2025 on google

I recently had the pleasure of working with Maral for my tax preparation, and I cannot recommend her highly enough! From our very first interaction, she demonstrated a deep knowledge of the tax process and a genuine commitment to helping her clients. Maral went above and beyond in explaining various strategies to maxi...

— Bry Bry, Posted March 4th 2025 on google

Chris and his crew are awesome. Always professional and efficient. Thank you Paramount tax & accounting. We are officially repeat customers.

— Paul Starks, Posted February 28th 2025 on google

Highly recommend. Dedicated professional and personable staff. Focused, client based services, that are hard to find elsewhere.

— George Muse, Posted January 4th 2022 on google

This was a great tax experience, prompt, easy, and answered all my questions.

— Mike Howard, Posted February 27th 2025 on google

Definitely recommend, staff is friendly and knowledgeable. Been coming here for years; every time I’ve come it’s always a wonderful experience.

— Monique Coker, Posted February 26th 2025 on google

I've had the pleasure of working with Andrew Gardiner at the Paramount Tax and Accounting firm for my tax needs, and I couldn't be more impressed! From the initial consultation to the final filing, Andrew was incredibly responsive, addressing all my questions and concerns in a timely manner. What really stood out to me...

— Emily Law, Posted February 25th 2025 on google

We had a good experience with Andrew and Paramount. Very knowledgeable and made the process quite simple. Look forward to continuing to work with them in the future.

— Josimar L., Posted February 22nd 2025 on google

Very helpful and informative. If you have questions they will answer and take the time to help understand how the taxes work. I am very pleased with the service they provided

— Adrian Ceja, Posted February 20th 2025 on google

Always answers all of my questions with professionalism and care. I love the relief that comes from knowing my finances are in such good hands!

— Shawna Wingert, Posted February 19th 2025 on google

Free 3-Year Tax Review

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

*With paid preparation for the current tax year

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

Free Consultation 909-484-3404

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 Rancho Cucamonga a call or visit our tax and accountingbookkeeping firm in Rancho Cucamonga for a free consultation.

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