Resources | Falcon Accounting & Tax Solutions

Quick Guides

Topics We Get Asked About Most

Common questions from small business owners, nonprofits, and individuals — answered by our CPA team.

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LLC vs. S-Corp: Which is Right for You?

Choosing the right business structure affects your taxes, liability, and growth. Our CPAs break down the key differences and when it makes sense to switch.

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QuickBooks Setup Checklist

Key steps to configure QuickBooks correctly from the start — chart of accounts, bank feed setup, and reporting categories that actually make sense.

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2026 Tax Deadlines Calendar

Federal and Maryland state tax deadlines for individuals, S-Corps, partnerships, C-Corps, and nonprofits — all in one place.

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Nonprofit Form 990 Guide

What it is, when it's due, what happens if you miss it, and what information you need to gather — explained in plain English.

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Payroll Setup for Small Businesses

What you need to do before running your first payroll — EIN, state registrations, employee classification, and software selection.

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Real Estate Investor Tax Guide

Cost segregation, depreciation, passive activity rules, and how a proper CPA strategy can dramatically reduce your tax bill on rental properties.

FAQs

Frequently Asked Questions

Software like TurboTax works for simple W-2 returns. But if you're a business owner, self-employed, a real estate investor, or have a complex tax situation, a CPA pays for itself — typically identifying savings that far exceed the cost of the engagement. Our CPAs also provide year-round strategic guidance, not just tax filing.

Our pricing varies by engagement and scope. We offer a free 30-minute consultation to assess your needs and provide a clear, upfront quote — no hidden fees. Most small business bookkeeping packages start at a flat monthly rate. Tax return pricing depends on the complexity of your return.

Yes. While we're based in Gaithersburg, MD, we serve clients across the country. We leverage secure cloud-based tools and video meetings to provide the same quality of service to clients in any state. We can file in Maryland and in all other states where you have a tax obligation.

A compilation is the most basic — we prepare your financial statements from your data with no verification. A review provides limited assurance through analytical procedures and inquiries, but not full testing. An audit is the highest level of assurance — we independently verify your financials through extensive testing. Lenders, grantors, and some boards require specific levels.

Simply call us at (240) 664-9338 or fill out the contact form on our website. We'll schedule a free 30-minute consultation to understand your situation, answer your questions, and recommend the right services. No obligation — just a straightforward conversation.

Financial Resources for Your Business

Topics We Get Asked About Most

Frequently Asked Questions