How a Liberty Hill Accountant is Helping Businesses Win Big

Are you tired of accountants who just file paperwork rather than helping your business grow? In this insightful episode of the Leander Scoop Podcast, host TJ Larkin sits down with Greg Parma, owner of Williamson Tax and Bookkeeping, to discuss how proper financial guidance can transform your business. Greg shares his journey from corporate finance to helping local business owners build their dream companies while keeping more tax dollars in their pockets.

From Corporate Finance to Strategic Business Partner

Greg Parma brings an impressive background to his clients. Starting in his father's tax firm, he pursued an MBA in corporate finance, worked at Whole Foods headquarters, and eventually served as CFO for multiple companies before launching Williamson Tax and Bookkeeping.

"We help clients build the business of their dreams," explains Parma. "We're looking forward. On the business side, we're creating KPIs. We're trying to understand the business fundamentally to help the business owner take it to the next level, whatever that is for them."

What sets Parma's approach apart is his focus on going beyond compliance to create actual business growth strategies. While traditional bookkeepers and tax professionals often stick to the basics, Parma's team integrates forecasting, strategic planning, and proactive tax strategies.

Creating Value Through Strategic Tax Planning

One of the most valuable services Parma offers is strategic tax planning. His team conducts annual tax strategy sessions with clients to identify opportunities most business owners miss.

"There's a thing called QSBS," Parma reveals. "If you make yourself a C corporation and hold that C corporation for five years, you can get up to a five million amount of gains when you sell your company at zero percent tax."

These advanced strategies aren't on the radar of many small business owners, but they can make a significant difference in wealth retention. As Parma notes: "We can support anyone, but typically the business owners who value their time and want to really grow their business" are his ideal clients.

Building Your Business Village

Parma emphasizes the importance of having a team of professionals working together for business success. His firm connects clients with trusted bankers, business coaches, lawyers, and financial advisors.

"We're a part of that village, and we want to be a part of that village," says Parma. "We can also connect you with other village members that can solve problems for the business."

This village approach demonstrates Parma's commitment to providing comprehensive solutions rather than just ticking compliance boxes. By creating a network of aligned professionals, clients receive coordinated guidance across all aspects of their business.

Navigating Economic Uncertainty

Despite economic challenges, Parma sees positive signs ahead. "A lot of folks are starting to make investments, which is really cool. We haven't seen that in a few years," he notes. "Once that uncertainty lifts, I think it's going to be extremely prosperous."

For business owners looking to thrive despite economic fluctuations, Parma recommends exploring strategies like S corporations with accountable plans, mileage deductions, and defined benefit plans. He emphasizes that these opportunities can represent "hundreds of thousands of dollars" in potential savings.

Community Connection in a Growing Region

Beyond business advice, the conversation highlights the vibrant community developing in the Leander/Liberty Hill area. As one of the fastest-growing regions in Texas, the area attracts entrepreneurs with positive mindsets.

"The people here are phenomenal," Parma shares. "I know there's a lot of folks that have moved here from other places, and they keep it up with the community and trying to uphold that core community value."

Parma demonstrates his commitment to the area through service on the Liberty Hill Chamber of Commerce Board and mentoring at Liberty Hill High School's Entrepreneurship Program.

Ready to Transform Your Business?

If you're ready to move beyond basic bookkeeping and build strategic financial plans for your business, reach out to Greg Parma and his team at Williamson Tax and Bookkeeping. They're focused on helping business owners create future opportunities they didn't have before.

"We help our clients build the business of their dreams," Parma summarizes. "And after you start making some money, we help you keep it away from the IRS and keep it in your pocket."

Listen to the full episode to discover more insights about strategic financial planning and how the right guidance can transform your business journey.