Abacus & Company provides accounting and consulting services to individuals and small and mid-sized businesses. Need exceptional accounting services, income tax preparation, small business consulting, or a full complement of other individualized services? The right accounting firm gives you the freedom to reach your goals. Abacus & Company believes in providing you with a quality product that's driven by personal service focused solely on your needs.
Based in Parkton, Maryland, we serve our region and beyond. We are here to help you with your unique tax, accounting and consulting needs.
Based in Parkton, Maryland, we serve our region and beyond. We are here to help you with your unique tax, accounting and consulting needs.
Services
When you work with Abacus & Company, your experience is completely driven by your particular goals.
We believe it's our job to put your needs in the forefront of everything we do.
Our priority is to help meet the needs of our clients and we are passionate about helping individuals and businesses thrive.
This passion is reflected the in precision and personal attention offered by the entire Abacus team.
Let us put our experience to work for you.
We will help you find the best solutions for your particular needs-whether it's help at tax time or expert counseling to help your business grow.
We believe it's our job to put your needs in the forefront of everything we do.
Our priority is to help meet the needs of our clients and we are passionate about helping individuals and businesses thrive.
This passion is reflected the in precision and personal attention offered by the entire Abacus team.
Let us put our experience to work for you.
We will help you find the best solutions for your particular needs-whether it's help at tax time or expert counseling to help your business grow.
Whether you're an individual, a start-up company, or a well-established business, Abacus & Company offers the service and guidance that help you grow, thrive, and stay financially rooted.
Do you prefer to work with an intimate accounting team that believes in excellence when partnering with its clients?
You're going to appreciate your experience with Abacus & Company.
Each engagement is built to suit the client's situation, so yours can vary according to your needs.
We know that reducing your tax burden is one of your top priorities.
Do you prefer to work with an intimate accounting team that believes in excellence when partnering with its clients?
You're going to appreciate your experience with Abacus & Company.
Each engagement is built to suit the client's situation, so yours can vary according to your needs.
We know that reducing your tax burden is one of your top priorities.
Abacus & Company provides a wide range of services to individuals and businesses in a variety of industries.
At Abacus & Company, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Abacus & Company, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
At Abacus & Company, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
At Abacus & Company, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals.
Have you just started a new business?
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Did you know expenses incurred before a business begins operations are not allowed as current deductions?
Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins.
However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred.
The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.
Following are some generally recognized financial planning tools that may help you reduce your tax bill.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
Charitable Giving - Instead of selling your appreciated long-term securities, donate the stock instead and avoid paying tax on the unrealized gain while still getting a charitable tax deduction for the full fair market value.
Health Savings Accounts (HSAs) - If you have a high deductible medical plan you can open an HSA and make tax deductible contributions to your account to pay for medical expenses.
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