Learn More About Our Services


Summary

Services Overview

Tax Preparation Services: Our firm offers professional preparation of all federal, state, and local tax returns at competitive, affordable rates.

Tax Planning Services: Our firm can continuously monitor federal, state, and local tax law changes to allow its clients to minimize current and future tax liabilities. If necessary, we can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing.

Bookkeeping/QuickBooks Services: Our firm provides full-charge bookkeeping services, including general ledger and subsidiary ledger maintenance, bank statement reconciliation, and receivables and payables tracking and analysis. As online QuickBooks ProAdvisors, our team can help setup and maintain your online QuickBooks account. 

Consulting Services: Our firm offers a wide range of consulting services to help you improve business operations, boost efficiency, and increase the bottom line.

Payroll Check Writing Services: Our firm offers complete payroll preparation and payroll tax reporting services. We prepare all federal and state employment returns electronically. Additionally, we offer direct deposit for your employees, certified payroll for government jobs, and maintain and report employee retirement contributions to your trustees.

Sales Tax Services: Our firm prepares all sales tax filings and offers full sales tax audit representation.

Financial Statement Preparation Services: Our firm prepares professional, for management use financial statements as well as tailor-made financial analysis that can help business owners and managers eliminate inefficiency and realize a businesses full profit potential.


Tax Preparation Services

Business Tax Returns

Rely on our qualified Certified Public Accountants for your small business tax services

Everyone has the same 24 hours in a day, but as a business owner, your work requires every second of your attention. We are here to help with your business accounting needs. Your business needs you to remain focused on your specialty, while our business is ensuring your success.

Trust our team to professionally assist you with our business tax preparation services. Our CPAs will work to properly prepare and file your company’s tax return and provide other types of tax services. 

As a local, small accounting firm, we are more than your neighbors; we are a reliable and affordable accounting team. Save yourself money, stress, and potential accounting errors by choosing us. We have serviced over hundreds of local clients with our business tax services. Let’s work together and give us a call today! 

What are business tax returns?

Business tax returns are required by the IRS to be filed annually. This is a report with information such as your company’s income, tax deductions, tax payments, and more that is used to determine your company's tax liability.

Trust in our team at Thackston & Associates to ensure your business taxes are properly filed annually. We prepare and file taxes for all types of businesses: 

  • Corporation 

  • S Corporation 

  • Partnership 

  • Sole Proprietor

Do I need to file a tax return?

Yes! Every business is required to file a tax return every year. If your business does not file a business tax return, your business might be subject to penalties.

We are here to help! If you have happened to miss filing one year or someone estimated your tax payments incorrectly, our team of skilled Certified Public Accountants will properly prepare your business to get back on track.

Why choose us for your business tax return needs? 

Our team is not only the right choice, but the best choice in town. Our accountants are practicing CPAs. A CPA is a certified public accountant who is properly trained and qualified in the public accounting field. We are licensed accounting professionals who earned degrees at Maryland universities and continue tax education at annual seminars. 

Accounting is not easy. Filing a business tax return in particular can become very complicated with legal rules and regulations issued by the IRS. These tax rules and regulations are always changing, meaning your accountant needs to be someone who always has a handle on current tax laws. Choosing an under qualified “tax pro” may just cost you in significant financial penalties with their tax errors. Tax accountants who are not certified are not held to the standard of continuing education and training, making an under qualified team too risky a choice. 

The only tax pros you should trust are the Certified Public Accountants at Thackston and Associates. We hold ourselves to the highest standard to ensure your business’s success. You’ve worked too hard for someone else to make a mistake. You can depend on us. Call today and let’s discuss how we can help!

Individual Tax Returns

We’re a qualified accounting firm that can help you with personal tax returns.

Tax season is already overwhelming for most people, especially if you’re trying to do it on your own with a self-service software. But what if you have a new dependent, are filing jointly for the first time, or received a tax form from your workplace that you don’t even recognize? These questions are exactly the reason you should be entrusting your personal tax returns to professional CPAs. Our qualified team can help you make sense of ever-changing tax laws, where you can save money, and promptly file your return with the IRS and applicable states.

Are you a business owner? We can also help you file your business tax returns.

What are Individual Tax Returns?

At the end of the year, you will be submitting your tax forms which are used to report your taxable income. Whether single or married, an individual who earned a certain amount of income will need to file a version of the IRS form 1040. 

If you are looking to take deductions on your taxes, we are qualified to help you fill out the appropriate tax forms. If you are obtaining an extension, then we are prepared to help with filing form 4868. 

What Is a 1040 Tax Form?

The most common form filed by single and married taxpayers is the two page 1040. This is the form where you will list your marital status and your dependents along with any of the income from the following sources:

  • Wages

  • Tips

  • Capital Gains

  • Dividends

  • Interest

  • Unemployment Compensation

  • Pensions

  • Annuities

  • Social Security

  • Railroad Retirement

  • Taxable Scholarships

Our CPAs will walk with you every step of the way to make sure your income data is accurate and that you understand your tax situation.

What If I Need an Extension?

If you are filing an individual tax return and you need an extension, know you’re not alone. Our accounting firm is qualified to help you file for an extension if needed. Form 4868 is an IRS form for individuals or married couples who need an extended period of time to file their taxes. Our accounting firm can work with you in order to make sure the forms are properly completed and filed before the deadline. Tax extensions are common and the earlier you get in touch with a tax professional the better.

A Trusted Accounting Firm Tailored To You

Our accountants can continuously monitor federal, state, and local tax law changes to allow its clients to minimize current and future tax liabilities. If necessary, we can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing.

Thackston & Associates works on numerous individual returns a year; we’re experts at adapting to unique tax situations and answering clients’ questions. Reach out to us today for a consultation!

We make filing your personal tax returns easy.

Tax Planning

Tax Planning Services: Our firm can continuously monitor federal, state, and local tax law changes to allow its clients to minimize current and future tax liabilities. If necessary, we can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing.


Accounting Services

Bookkeeping

Qualified bookkeeping for your small business.

Sound financial practices are the key to a business’ success. Therefore, every business needs a qualified bookkeeper to record and maintain all financial transactions. From accounts receivable to cash flow analysis, all of a business’s financial records need to be accurately managed.

The good news is even though you’re the business owner, you don't have to be a financial wiz. Outsourcing your bookkeeping to professionals that you can trust will give you peace of mind and allow you to focus on growing your business. Financial management can sound intimidating, but with Thackston & Associates, we make it simple.

Our team of accountants are reliable, knowledgeable, detail-oriented, and always glad to talk with our clients about their business’s financial health. As fellow small business owners, we value the growth of other small businesses in our local community. Whether your small business is an LLC, a corporation, or you are a self-employed freelancer, Thackston & Associates can efficiently manage your books!  We also offer Certified Quickbooks ProAdvisor service and payroll services.

What is bookkeeping?

Every business transaction needs to be accounted for. We will track and input each individual transaction your business incurs. In doing this you will have an accurate understanding of where every dollar you brought in and spent went. 

Simply put, bookkeeping is the management of a business’s financial data. It includes:

  • Maintaining financial files and records

  • Reconciling bank accounts

  • Preparing financial statements at your request

  • Monitoring account balances

Why outsource your bookkeeping?

Every successful business needs to have their financials in order. But not every business owner is equipped with a financial background, making bookkeeping a daunting task. That’s where our certified bookkeeping team comes in. 

Our job is to make sure your financial records are accurately categorized, and provide you with analysis that helps you understand your business’s financial health. We can help you with questions like: 

  • Will I owe taxes at the end of the year?

  • What’s our projected cash flow for this quarter?

  • Is it financially sound to start expanding?

These are questions that can only be answered with a reliable picture of your financial data. We’re always ready to sit down with business owners to walk them through their finances in a way that’s easy to understand.

Outsourcing your bookkeeping to professionals like us can be invaluable to your business’s future success by allowing you, the business owner, to get back to doing what makes you money. Leave the financial and administrative burden of bookkeeping to the professionals. 

A local accounting firm that you can rely on

As a local, family-run business in Westminster, MD, we take pride in offering quality, professional bookkeeping to businesses like us. We understand how crucial it is for a business to keep proper financial records. Our team of certified bookkeepers and certified public accountants provide reliable, hassle-free financial management and analysis that lets you focus on growing your business. As a bookkeeping client, you’ll receive personal, affordable service that’s close to home. Get to know our team.

Virtual bookkeeping is always an option

We primarily serve the Carroll, Howard, and Frederick County areas, but what if you manage a business outside the region? With our virtual bookkeeping service, we can remotely manage your financial records no matter where your business is located. Our team uses a versatile set of bookkeeping softwares to make this possible: 

We’ll make it easy for you to grow your business, call us today!


QuickBooks

Our certified ProAdvisors help optimize QuickBooks for your bookkeeping needs.

In today’s world, many bookkeeping systems are going paperless. If you are looking for an easy and efficient online accounting system to help balance the books for your small business, QuickBooks bookkeeping software is a common and excellent choice. QuickBooks makes balancing your business’ books simple so that you can spend more time running your business, confident that you are making decisions based on sound financial management. 

It can be difficult– even daunting– to transition to a new bookkeeping system, and having a CPA or business accountant who specializes in operating QuickBooks is an invaluable asset. You can trust that Thackston & Associates’ certified QuickBooks ProAdvisors have the expert knowledge and client-focused approach to put QuickBooks to work for you in a cost-effective way

Why QuickBooks?

QuickBooks is a gamechanger. This software:

  • is the industry standard for small business accounting systems. 

  • automates the standard bookkeeping tasks that entrepreneurs and business owners like you monitor in order to maintain a financially healthy business.

  • boasts extensive, easy-to-use features to manage things like transaction records, payroll responsibilities, and data organization.

  • offers several different plan options to ensure that every business owner is able to take full advantage of the software in the scope that is most appropriate for them.

  • allows you to spend more time on what matters: growing your business and providing quality service.

We’ll take your lead…

Our certified Quickbooks ProAdvisors are trained in the full operation of the software and are prepared to assist as much or as little as you need in the setup and management of your account.

We can:

  • help setup and customize your account to fit the exact needs of your small business.

  • support ongoing management of your account, reconciling accounts, maintaining payroll, troubleshooting technical issues, ensuring that everything is in compliance for tax preparation etc.

  • provide training to you and your employees so you can feel confident in operating and taking full advantage of your QuickBooks account.

Whether you are already a QuickBooks user, or have never heard of it but are ready to leave your paper filing cabinet behind and try a trusted and affordable online bookkeeping system, give our Quickbooks certified accountants a call– we are available for consultation every step of the way. 

Payroll Services

Your business’ payroll system made easy and efficient

Owning a small business requires a swift and competent payroll system, not simply for the sake of the integrity of your business but also for the respect of your employees. 

With all of the other pressing priorities that come with running a business, it can be a challenge to make sure you stay up-to-date on the latest payroll developments and legislation. What is the easiest, most cost-effective way to ensure your business’ payroll is operating in full compliance with IRS and state policies?

That’s where we come in. 

Thackston & Associates is prepared to assume management of your business’ payroll system, so you can have peace of mind that your payroll and wage system is up-to-date, leaving you more time every pay period to focus on what makes your business thrive.

For every step of the process, our firm offers your business complete payroll preparation and payroll tax reporting services. 

What payroll services do we provide?

For every step of the process, our firm offers your business complete payroll preparation and payroll tax reporting services. 

What we can do for you:

  • Prepare all federal and state employment returns electronically.

  • Offer direct deposit for your employees.

  • Maintain and report employee retirement contributions to your trustees.

Why outsource payroll services?

It can be tempting to try to handle your business’ payroll services yourself, after all, you are in charge of your business. But without the presence and assistance of a certified accounting professional, there is much greater risk for error or oversight, especially as your business grows.

When it comes to distributing wages to your hardworking employees, reliability and accountability are key. As a small, family-run business in Westminster, MD, we at Thackston & Associates place enormous value in providing the highest quality tax, accounting, and payroll services to small businesses like us– all in an affordable way. When you outsource your payroll services to us, we maintain clear communication so that you are always involved in decision-making, and remain aware of how your payroll is being managed and updated.

Trusting Thackston & Associates with your payroll services means benefiting from industry-standard bookkeeping practices. Our certified QuickBooks ProAdvisors are trained in the full operation of Quickbooks online bookkeeping software, with expertise in managing small business’ payroll systems and beyond via QuickBooks. Learn more about how we can help optimize QuickBooks for all of your bookkeeping needs

Keeping up with the IRS so you don’t have to…

Our job is to continually grow our understanding of IRS and state policies and regulations so that you don’t have to. Outsourcing your payroll services to Thackston & Associates is a savvy partnership for any small business. We ensure that your payroll system and financial backbone is legally and fiscally sound, allowing you maximum time and energy to serve your clients and make your business the best it can be.


Send Us a Message

We would love to hear from you!

410-848-2664 Fax: 410-857-0328 office@thackstoncpa.com

Let's Work Together