Paramount Tax & Accounting Bountiful

Paramount Tax & Accounting Bountiful Paramount Tax & Accounting is a professional tax firm for individuals and businesses.

07/13/2026

High-income earners often focus on the big tax strategies, but it's the overlooked deductions that can significantly increase your tax bill.💰

Some commonly missed deductions may include:

✔️ Investment-related expenses
✔️ Qualified retirement contributions
✔️ Business expenses for side ventures
✔️ State and local tax planning opportunities
✔️ Charitable contributions and non-cash donations

Tax laws are complex, and missing even one deduction could mean paying more than necessary. Working with a trusted tax professional ensures you're taking advantage of every deduction available to you.

📞 Call 801-683-9734 today to schedule a tax review and discover opportunities that could help reduce your tax liability.

Happy Independence Day from the team at Paramount! 🇺🇸Today, we're proud to celebrate the freedoms we enjoy in this count...
07/04/2026

Happy Independence Day from the team at Paramount! 🇺🇸

Today, we're proud to celebrate the freedoms we enjoy in this country. Wishing you and your loved ones a safe and fun holiday weekend!

We love hearing about positive experiences from our clients! Here's a recent review: ⭐️⭐️⭐️⭐️⭐️"If you're looking for gr...
06/29/2026

We love hearing about positive experiences from our clients! Here's a recent review:

⭐️⭐️⭐️⭐️⭐️
"If you're looking for great customer service and honest advice, I highly recommend them. The experience was wonderful from start to finish. Thank you for all your help!" - Carrie K.

Thank you for your kind words, Carrie!

If you are also looking for a professional to make filing your taxes a breeze, schedule with Paramount Tax & Accounting - Bountiful today. Link in our bio. 💻

Did you know that hiring your children can be one of the most effective tax-saving strategies available to business owne...
06/22/2026

Did you know that hiring your children can be one of the most effective tax-saving strategies available to business owners?

When your children perform legitimate work for your business, their wages may be deductible as a business expense. This can help shift income from a higher tax bracket to a lower one, potentially reducing your family's overall tax burden.

Hiring your kids also provides benefits beyond tax savings, such as teaching work ethic, financial responsibility, and real-world business experience.

The tax rules and benefits vary depending on your business structure. Sole proprietorships, LLCs, S-Corporations, and C-Corporations each have different requirements and tax implications.

Before putting your children on payroll, make sure their job duties, wages, and documentation meet IRS guidelines.

📞 Call 801-683-9734 now or visit the link in our bio to schedule your consultation.

📅 June 15, 2026, deadline reminder!✅ Second-quarter estimated tax payments are due for business owners and self-employed...
06/15/2026

📅 June 15, 2026, deadline reminder!

✅ Second-quarter estimated tax payments are due for business owners and self-employed individuals.

✅ Tax filing deadline for Americans living abroad.

Timely estimated tax payments avoid penalties and keep your tax obligations on track throughout the year.

If you're self-employed, own a small business, earn rental income, receive income not subject to withholding, or an American living abroad, this deadline may apply to you.

Paramount Tax & Accounting - Bountiful can help you calculate accurate estimated payments. Call 801-683-9734 today.

Do you know the difference between tax credits and deductions? Here's a simple way to think about it 👇💰 Tax Credits = do...
06/08/2026

Do you know the difference between tax credits and deductions?

Here's a simple way to think about it 👇

💰 Tax Credits = dollar-for-dollar savings on your tax bill
📉 Tax Deductions = reduce the amount of income that gets taxed

Example:
A $1,000 tax credit could save you the full $1,000.
A $1,000 deduction lowers your taxable income, so the actual savings depend on your tax bracket.

Both can help you save money, but in very different ways. Understanding the difference will mean no surprises during tax season.

Not sure which tax breaks you qualify for? Call Paramount Tax & Accounting - Bountiful to schedule an appointment today for a tax review!

06/01/2026

A mid-year tax review will help you avoid end-of-year stress and keep your finances on track.

Here's a quick checklist:

✅ Check estimated tax payments
✅ Evaluate retirement contributions
✅ Organize receipts & financial records
✅ Plan for upcoming major expenses or investments
✅ Review income changes & adjust withholdings if needed
✅ Review bookkeeping records & update business expenses

Staying proactive now can save you time and money later. Paramount Tax & Accounting - Bountiful is here to help individuals and small businesses stay financially prepared year-round.

📅 Schedule an appointment today!

Today, we honor the brave men and women who made the ultimate sacrifice for our country. 🇺🇸From the Paramount Tax & Acco...
05/25/2026

Today, we honor the brave men and women who made the ultimate sacrifice for our country. 🇺🇸

From the Paramount Tax & Accounting - Bountiful team, we wish everyone a safe holiday as we reflect on the freedoms we enjoy because of their courage.

Mid-year is the perfect time to make sure you are maximizing your retirement and healthcare contributions. What you shou...
05/18/2026

Mid-year is the perfect time to make sure you are maximizing your retirement and healthcare contributions. What you should remember:

✅ 401(k)
In 2026, you can contribute up to $24,500 to your traditional 401(k), Roth 401(k), or a combination of both in 2026. Combined employer + employee contributions can reach up to $72,000.

✅ HSA
If you're covered by a qualifying high-deductible health plan, you can contribute: $4,400 for individual coverage or up to $8,750 for a family. If you're age 55 or older, you may contribute an additional $1,000.

📞 Call Paramount Tax & Accounting - Bountiful today to schedule an appointment for a tax review.

Are you worried about an IRS audit? You don't have to face it alone.The Paramount Tax & Accounting - Bountiful team prov...
05/11/2026

Are you worried about an IRS audit? You don't have to face it alone.

The Paramount Tax & Accounting - Bountiful team provides professional IRS audit representation to help protect your rights, organize documents, and communicate directly with the IRS on your behalf. We ensure your case is handled accurately and efficiently, giving you peace of mind.

Take the stress out of IRS problems and get the support you deserve.

📞 Call now or schedule an appointment today.

Address

190 North Main Street
Bountiful, UT
84010

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+18016839734

Website

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