Utah CPA Firm Announces Tax Planning Services

April 16, 2016 - PRESSADVANTAGE -

Salt Lake City CPA firm Paramount Tax & Accounting, has announced services that are designed to help individuals plan better for tax time. The company states that after taxes are filed for the existing year, consumers and businesses should consider tax planning for the coming tax year.

"People just don't think about next year's taxes," states Jon A. Wilhelm, a partner in the firm. "But they should, because there's no better time to plan for tax time than now."

Wilhelm states that the firm can help individuals and small business owners to begin looking at things that could potentially minimize their tax liabilities for the coming year. He says that the firm can help clients to gain a better understanding of their personal or business finances from a tax perspective, which will ultimately help them to prepare all year long.

"It's not something that you even need to be aware of doing sometimes," Wilhelm states. "We can help you to better direct your spending, your receipt saving, everything so that when next year's tax time comes, you have a grip on your finances, and you've done things throughout the year without really even thinking about it, that will save you money."

The firm states that their tax planning services encompass a number of things, including timing purchases as well as income and expenditures so that those things will minimize tax liabilities. Consultants in the firm can help clients to plan for tax season, including preparing for the proper filing status and common deductions that some individuals may not even be aware of, but exist.

Wilhelm states that the firm's tax saving strategies are specifically designed to help reduce the amount of tax paid on things like gifts, estates, investments, retirement distributions, and other assets or income. He says that moving more income to lower tax brackets is possible in many cases, which can help individuals to save on the amount of tax paid in future years. The firm can also help with planning by explaining ways of generating exempt income through investments.

Business owners or individuals who would like to learn more about tax planning and the specific services offered by Paramount can visit them on their official website at http://paramount.tax/services/tax-services/.

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For more information about Paramount Tax & Accounting, contact the company here:

Paramount Tax & Accounting
Jon A. Wilhelm
(801) 792-1562
Info@PTACPA.com
8741 Leafwood Lane
Sandy, UT, 84094