Accounting and Taxes in Smithsburg, MD
K&A Tax & Accounting Serves MD, PA, and WV Areas
Offering Businesses Payroll Services and Residents Income Tax Assistance
For business and individual accounting and taxes in Smithsburg, MD, call K&A Tax & Accounting. Our staff can complete and file personal tax returns. Plus, our payroll experts helps businesses with various matters. Call us at (240) 591-8968 or contact us online. Our financial services throughout the area include:
Income-Qualified Washington County, MD, Residents Enjoy Various Tax Credits
In Maryland, income-eligible homeowners can receive the Homeowner’s Property Tax Credit, regardless of their age. Homeowners age 65 and over who meet certain income qualifications are eligible for a different, specific Property Tax Credit Program. There is even a Renters’ Tax Credit Program for renters who meet certain requirements. If you are 100 percent combat-wounded service-connected permanently disabled American veteran, there are two credits. Both you and your surviving spouse qualify for the Veterans Tax Exemption and county-specific Veterans Tax Credit.
We Help Smithsburg, MD Businesses with Complicated Taxes
Taxes can be complicated and confusing, so we help Smithsburg, MD businesses with their taxes. Usually, businesses must pay taxes on income, including self-employment tax, by making quarterly payments of estimated taxes. Some manufacturing and product-based companies also pay excise taxes. Companies with employees pay employee taxes. With the exception of partnerships, the Internal Revenue Service requires all businesses to file an annual income tax return. Partnerships must file an information return. Whether your business is small in size or medium, taxes are an involved process. Trust us to work through the complications.
