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About

Accounting
When you work with Maryland Accounting Service, you get more than just an accountant – you get a business advisor.

Utilizing extensive knowledge of financial and business services, we use your financial details to make big-picture recommendations.

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Q&A

Accounting
For your day-to-day operations, we offer services like bookkeeping, general ledger, internal control review, and financial statement preparation to help you maintain accurate financial and operational information. For broader decisions affecting your business’ future, we can assist you with planning for your cash flow and financing needs and estimating costs through budgeting and forecasting. We strive to keep your business ahead of the game by acknowledging the unique situations surrounding each business and by being mindful of the competitive and economic trends that directly impact your business.

Bookkeeping
We understand that your plate is already full. The tasks of managing bank reconciliations and maintaining your general ledger can be a time-consuming, administrative burden – your time is better spent managing and growing your business. And when you consider how costly bookkeeping errors can be, it becomes clear: Bookkeeping is best left to an experienced accounting professional who understands the complexities of record keeping.

Accurate books are the backbone of a successful business. Comprehensive bookkeeping services can help you improve your business’ overall financial health, spot opportunities for increased profitability, and better manage your cash flow. With bookkeeping services such as monthly operating statements, bank reconciliations, general ledger, balance sheets, financial graphs, and budgets, we can help you better manage your business’ financial records.

Tax Services
We prepare tax returns for a broad range of individuals, businesses, and organizations.

Sales & Use
Simplifying Your Complex Sales and Use Tax Situation
Sales and use taxes affect nearly every business type. And we all have to pay sales tax when we buy things, unless we live in one of the five states that do not have a sales tax: Alaska, Montana, Oregon, New Hampshire, and Delaware.

As a business owner, you collect sales tax on your transactions, but, especially as states become more strapped for cash, auditors are looking to ensure that you have also paid sales tax on your purchases. Making retail sales and collecting the associated sales tax seems easy enough; however, with all the exemptions your customers claim and the accompanying documentation, that seemingly simple process become complex. Even when you sell an exempt service, you must concern yourself with sales tax or use tax on the purchases you make. Add in the intricacies of determining in which state or states you have a business purpose – or nexus – and calculating your sales tax obligations becomes even more daunting.

Payroll & Tax
The art of payroll has many layers which create a chaotic confusion of regulations, deadlines, calculations, paperwork and electronic filing. Outsourcing payroll simplifies the complex and allows a business to benefit from having access to payroll professionals focused on your business’ unique payroll picture.

The complexity of payroll taxes is fueled by the multiple levels of governmental influences with acronyms like IRS, OASDI, MCare, FUTA, and SUTA and payment schedules based on total payroll wage limits. The complexity of payroll taxes is fueled by the multiple levels of governmental influences with acronyms like IRS, OASDI, MCare, FUTA, and SUTA and payment schedules based on total payroll wage limits. Other guidelines like reciprocal agreements, subdivision, school, disability, training or working taxes, can churn up anxiety levels.

QuickBooks
Our QuickBooks Advanced ProAdvisor's are certified professionals designing accounting systems, training employees, and finding solutions that save you time so you can focus on running your business.

We also offer QuickBooks training for all types of businesses and people. Track your income and expenses, automatically pull information from your bank accounts and Excel documents, run reports, and gather all your tax information in one place. Let us help you organize your business finances.

Hiring the right accountant can be a valuable asset to your business, no matter how small, and can provide many benefits at various stages of growth, such as described below.

During the start-up phase
During the all important start-up phase of a company a great accountant can be beneficial in providing advice as to what type of company is best suited for the business model, as well as assist in making decisions in regards to maximizing profit. The right accountant will also be able to advise and guide you through the financial section of a business plan, allowing you a more professional outlook on what’s to come.

Day-to-day operations
When it comes to the daily operations of a business there are many services an accountant can provide. These services include managing the recording of financial transactions and ensuring compliance with the law, overseeing payroll and helping to find cost savings from various vendors, and from within operating costs. In addition, an accountant will handle all aspects of tax preparation, such as payroll deductions, financial reports and necessary deductions. Choosing the right accountant will ensure that a business is able to properly plan for changes in expenses and growth, creating a financial safety net so the business never faces hardship.

During periods of growth
A good accountant is critical to a company during periods of growth, and businesses are able to benefit from their expertise in several ways. An account will provide valuable advice, in addition to financial reports to indicate how growth should be handled, as well as provide insight as to opportunity. They will also help with every aspect of business including planning for expansion, opening a new location or even selling if need be. Using an accredited accountant safeguards a business from having to experience an audit, or can help work through the process of an audit with you should one occur.

During financial hardship
If a company is experiencing times of financial difficulty an accountant can help to manage the situation by helping to identify problems within the business, and developing new plans to bring the finances under control. They can also be useful in working with creditors to organize payment arrangements, handle any liens and negotiate interest rates, directly affecting the financial situation of the company.

A great accountant will offer the flexibility needed to meet the needs of individual owners, whether it is on a full or part time basis, steering the business towards success and financial stability.