What Paramount Tax & Accounting does

Paramount Tax & Accounting is a privately held tax preparation and accounting firm that operates as a franchise network of independently owned and operated locations. Founded in 2016 and headquartered at 12357 S. 450 E. Suite 4 in Draper, Utah (with the principal operating entity, Paramount Tax Franchising, LLC, organized under Texas governing law), the company has grown to more than 100 franchise locations across 23 US states, with notable concentration in Texas, California, Florida, Arizona, Utah, and Nevada.

The company offers a full-stack tax and accounting service menu divided into tax services (personal and business tax preparation, IRS problem resolution, amended returns, late filing, tax planning) and business services (accounting, bookkeeping with QuickBooks support, payroll, incorporation, cash flow management, business valuation, succession planning, and non-profit organization services). The client-facing technology stack includes an online scheduling system, the TaxDome client portal for document sharing and communication, and SMS messaging for appointment management. A distinguishing offering is the Protection Plus $1,000,000 Tax Audit Defense coverage bundled with engagements.

Revenue is generated through a dual model: (1) franchise fees and royalties from 100+ independently owned franchisees, and (2) professional services revenue at any company-owned locations. Franchisees pay corporate for marketing materials, accounting programs, training, and ongoing support. Service pricing is quote-based and varies by location and complexity, with no public price list disclosed. The customer base spans individual taxpayers, freelancers, and small-to-medium businesses (LLCs, partnerships, S-Corps, C-Corps), with additional service to non-profit organizations. The corporate entity itself employs 1-10 staff, reflecting a capital-light franchise model where growth is driven by franchisee unit expansion rather than corporate headcount scaling.

Name

Paramount Tax & Accounting

Legal name

Paramount Tax Franchising, LLC

Website

https://paramount.tax

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Paramount Tax & Accounting is a privately held tax and accounting franchise network with 100+ independently owned locations across 23 US states, offering tax preparation, IRS resolution, bookkeeping, and business services to individual taxpayers and small-to-medium businesses.

Ownership category

akta.pro rank

Headquarters

HQ city

Chandler

HQ country

United States

HQ region

North America

Offices99 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure

Revenue model

1. Tax Preparation Services: Fee-for-service tax preparation for individuals and businesses including personal tax returns, business tax returns (C-Corp, S-Corp, LLC, Partnership), amended returns, and late tax filing. Revenue is generated per return prepared.
2. Business Accounting & Bookkeeping Services: Ongoing accounting, bookkeeping, and payroll services for small businesses, typically billed as recurring engagements.
3. Franchise Fees: Paramount Tax generates revenue through franchise fees from independently owned and operated franchise locations. The company offers tax, accounting, and bookkeeping franchises with training and support.
4. Tax Planning & Advisory: Proactive tax planning services to minimize future tax liability, including end-of-year tax planning and strategic advice.
5. IRS Problem Resolution Services: Resolution services for IRS issues including audits, tax liens, wage garnishments, payment plans, and offer in compromise.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Paramount Tax & Accounting is a professional tax and accounting firm that delivers personal and business tax preparation, tax planning, IRS problem resolution, bookkeeping, accounting, payroll, and business formation services through a nationwide franchise network of independently owned and operated offices staffed with licensed professionals (CPAs).

Product overview

Paramount Tax & Accounting is a professional tax and accounting firm that operates as a franchise network of independently owned and operated locations across the United States. The core offering consists of tax preparation services for individuals and businesses (including Personal Taxes, Business Taxes for C-Corporations, S-Corporations, LLCs, and Partnerships), complemented by IRS Problem Resolution services (audit representation, back taxes, payment plans, offers in compromise). The business services suite includes Accounting, Bookkeeping with QuickBooks support, Payroll Services, and Incorporation/LLC Formation. Additional specialized services cover Cash Flow Management, Business Valuation, Strategic Planning, Succession Planning, and Non-Profit Organization services. The firm also offers a Protection Plus $1,000,000 Tax Audit Defense add-on and operates a Franchise Program for entrepreneurs seeking to own a tax and accounting franchise. All locations utilize licensed tax professionals and are independently owned and operated by franchisees.

Differentiator

Problem solved

Functional benefit

Brands

• Protection Plus: Tax audit defense service offering $1,000,000 protection for clients

Products and services

• Tax Preparation

Quantifiable outcome

• Clients report saving thousands in taxes through maximized deductions and credits
• +2 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Protection PluscoreStrategic or Co-development PartnerPartnership with Protection Plus providing $1,000,000 Tax Audit Defense coverage for clients. The partnership enables Paramount Tax to offer comprehensive audit protection services, working toward favorable resolution in IRS audit situations. This is a key differentiator for the franchise offering.
• FranchiseescoreChannel Partner/ Reseller/ DistributorIndependent franchise owners operating Paramount Tax & Accounting locations across the United States. Each location is independently owned and operated. Franchisees receive corporate support including marketing materials, training, accounting programs, and ongoing development assistance.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• H&R Block: Largest US tax preparation retail franchise with thousands of company-owned and franchised locations offering personal and small business tax prep, bookkeeping (Block Advisors), and DIY software. Most direct comparable given overlapping franchise/retail model, target customer (individuals + SMBs), and service mix.
• Liberty Tax: US tax preparation franchise network offering in-person and online personal/business tax filing. Closely comparable to Paramount on franchise-driven GTM, individual/SMB customer base, and seasonal retail footprint.
• Jackson Hewitt Tax Service: Franchised US tax preparation retailer with thousands of locations inside Walmart stores and standalone offices. Direct peer to Paramount on franchise-based service delivery to individuals and small businesses.
• 1-800Accountant: Virtual-first accounting and tax services firm serving small businesses and individuals with CPAs and EAs. Comparable to Paramount on core service offering (tax prep, bookkeeping, payroll, advisory) and SMB target, though delivered via virtual rather than franchise model.
• Block Advisors: H&R Block's small business tax, bookkeeping, and payroll services brand operating out of H&R Block retail locations. Direct overlap with Paramount's SMB tax/accounting/payroll suite and serves the same SMB segment Paramount targets.

Broad incumbents

• Intuit TurboTax Live: Intuit's hybrid DIY + human CPA/EA assisted tax preparation offering integrated into TurboTax. Competes with Paramount for the same individual and small business tax customers but at much larger scale and as part of Intuit's broader financial software ecosystem.
• RSM US: Large US accounting and advisory firm serving middle-market businesses with tax, audit, and consulting services. Comparable to Paramount on tax/advisory service categories but at a much larger scale and serving mid-market clients rather than small businesses and individuals.

Emerging players

• Pilot: Tech-enabled bookkeeping, accounting, and CFO services firm focused on small businesses and startups. Comparable to Paramount's bookkeeping/payroll/advisory offering for SMBs, but with a software-led delivery model rather than franchise offices.
• Bench: Subscription bookkeeping and financial reporting service for small businesses, with optional tax filing add-ons. Comparable to Paramount on recurring monthly bookkeeping and SMB focus, though delivered virtually with proprietary software rather than through local offices.
• KPMG Spark: KPMG's virtual accounting service for small businesses offering bookkeeping, payroll, and tax prep. Comparable to Paramount's SMB accounting/payroll/tax suite with Big Four backing, but targets a similar customer and competes for the same recurring engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/tax_paramount

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paramount Tax & Accounting