Paramount Tax & Accounting Bountiful

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

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.

Nothing speaks louder than the words of happy clients! Here's what one of our valued customers had to say about their ex...
05/04/2026

Nothing speaks louder than the words of happy clients! Here's what one of our valued customers had to say about their experience:

⭐️⭐️⭐️⭐️⭐️

"I had a great experience with Paramount Tax. Their team demonstrated a high level of professionalism and integrity throughout the entire process. They were clear, responsive, and took the time to ensure everything was handled accurately and efficiently. It's not always easy to find a team you can truly trust with your finances, but Paramount Tax exceeded my expectations. I highly recommend their services to anyone looking for reliable and honest tax professionals." - Mindy R.

Thank you, Mindy! We look forward to working with you again. Visit https://paramount.tax/bountiful to find out for yourself why Paramount Tax & Accounting - Bountiful is the best choice for you.

04/27/2026

If you want to adjust your 2026 tax withholdings after filing your 2025 return, now is the time to act!

Common reasons to update withholdings include life changes like marriage or having a child, or realizing too much or too little tax was withheld.

To update your withholding, contact your employer and submit a new W-4. This controls how much tax is taken from each paycheck.

If you're self-employed or have additional income, review and adjust your estimated quarterly payments as well, so you won't be hit with a large tax bill next year.

Not sure what to change? Paramount Tax & Accounting - Bountiful can help you review your situation and make the right adjustments.

Call 801-683-9734 to schedule a free consultation 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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