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Home› Service Areas› Business Tax Preparation — Kensington, MD
📍 Kensington, MD · Tax Prep Service

Business Tax Preparation
in Kensington, MD

Tax preparation support in Kensington, MD for the small businesses anchoring this incorporated town inside Montgomery County — Howard Avenue Antique Row dealers reconciling 1stDibs/Chairish/eBay sales against multi-state economic-nexus thresholds, Connecticut Avenue solo dental and medical practices weighing Section 199A QBI for SSTB practices, residential-service contractors and trades businesses tracking vehicle expenses and Section 179. Verified Intuit QuickBooks ProAdvisor.

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★★★★★5.0on Google
✓Business and personal tax returns filed for Kensington, MD small businesses
✓S-Corp, LLC, sole prop, partnership — all entity types
✓Year-round Kensington, MD tax planning — not just April filing
✓IRS notice response included — we handle the letters
Kensington, MD Tax Tracker
Example
Business return (1120-S)Mar 17st-ok
Personal 1040Apr 15st-ok
Q2 Estimated paymentJun 15st-due
Year-end tax planningDecst-ok
📍 Kensington, MD — local noteMaryland PTET elections, Montgomery County business license taxes, and MD-specific filing requirements — we handle the full state and local picture.
Your Kensington, MD tax prep plan

Everything included — no hidden
add-ons or surprise fees

Every tax preparation client in Kensington, MD gets the complete service.

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All entity types
S-Corp (1120-S), LLC, Partnership, Sole Proprietor, and personal 1040. Every return filed correctly and on time.
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Year-round planning
Tax planning that starts in January — not March. We flag deductions and make strategic moves while there's still time.
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State & local expertise
Federal plus every state and local filing your business needs. No missed deadlines, no overlooked forms.
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Maximize deductions
We review every deduction category relevant to your industry and entity type — nothing left on the table.
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IRS correspondence
If the IRS or state sends a notice, we handle it. You don't have to figure out what to do alone.
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Estimated payments
We calculate your quarterly estimated tax payments and remind you before each deadline — no underpayment penalties.
Kensington-specific tax prep

What Kensington tax prep
actually requires.

The Town of Kensington is small — about one square mile, with a tight cluster of small businesses along Howard Avenue and Connecticut Avenue. Antique dealers and specialty retailers, dental and medical practices, residential-service contractors. The Maryland regulatory stack (Form 502, Form 510, SDAT, MoCo personal property) is the same as the rest of the county; the workload is smaller and the tax-prep coordination needs to be priced to match.

Maryland state returns (502, 510, 510-PTET)
Maryland residents file Form 502; pass-throughs file Form 510 with K-1s. Maryland Pass-Through Entity Tax (Form 510-PTET) preserves federal SALT deduction. Worth modeling each year. Your CPA decides; we make sure books support the choice.
SDAT business personal property + MoCo PPT
Maryland SDAT requires every business — even a single-storefront antique shop or solo practice — to file an annual Personal Property return by April 15. Filing claims the small business exemption that often zeroes out the tax. Skipping it forfeits the exemption and triggers an estimated MoCo assessment.
Multi-state e-commerce sales tax (Antique Row)
Howard Avenue antique dealers selling on 1stDibs, Chairish, eBay, or direct-to-consumer Shopify face state-by-state economic-nexus thresholds. Marketplace facilitators handle some state collection but not all. We track state-by-state and flag new-state filing requirements before they become CPA fire drills at year-end.
Section 199A QBI for solo practices
Solo dental and medical practices are "specified service trades or businesses" (SSTBs) under Section 199A — the QBI deduction phases out above income thresholds. We organize books to support reasonable comp analysis and Section 199A modeling for your CPA.
Section 179 + bonus depreciation (trades)
Residential-service contractors typically own work vehicles and equipment. Section 179 expensing and bonus depreciation rules govern when and how much you can deduct. We track vehicle business-use percentages and equipment placed-in-service dates so your CPA can model the right depreciation strategy.
Inventory accounting for retailers
Antique dealers and specialty retailers often run informal inventory tracking. That works day-to-day but breaks for tax purposes. We set up cost-of-goods tracking that matches how the shop actually operates without forcing you onto enterprise software, and reconcile to year-end COGS for the tax return.
Ongoing books: Kensington bookkeeping. Kensington payroll: Kensington payroll. South: Bethesda tax prep. North: Rockville tax prep.
Sound familiar?

Why Kensington business owners
stop filing their own taxes

→Dreading Tax Season
→Got An Irs Notice
→Years Behind On Filing
→Paying Too Much In Taxes
→Switching From Turbotax
→Need A Real Tax Accountant
→Missed Quarterly Estimates
→Surprised By A Big Tax Bill
→Don't Know What You Can Deduct
→First Year In Business Taxes

If any of these hit home, we should talk. Free 15-minute consultation, no pressure.

Book a free call →
Industries we know cold

Tax prep for the businesses
that actually run Kensington.

Three Kensington economies, three different tax-prep workloads.

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Antique Row & specialty retail
Howard Avenue antique dealers, specialty home stores, vintage clothing shops. Multi-state economic-nexus tracking, marketplace facilitator vs. direct-to-consumer sales tax, COGS for small inventory, Schedule C / 1065 / 1120-S coordination depending on entity, Section 199A modeling for pass-through retailers.
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Neighborhood dental & medical
Solo and small-group dental and medical practices in 20895. Section 199A QBI deduction modeling for SSTB practices, reasonable compensation documentation for owner-employees, S-corp election analysis, retirement plan contribution coordination, lab fee pass-through accounting. Same workmanship as a Bethesda practice, priced for the smaller volume of a Kensington solo shop.
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Residential service businesses
HVAC, plumbing, electrical, painting, landscaping, home-improvement contractors serving Kensington and surrounding Chevy Chase / Bethesda residential market. Section 179 vs. bonus depreciation modeling, vehicle expense documentation, contractor 1099 reconciliation, multi-state apportionment for crews crossing into DC or Virginia.
Local expertise

Why Kensington, MD businesses choose
Capital Accounting Group

We're not a national chain. We understand Kensington, MD's local tax rules, industry mix, and what medical practice owners actually need from a CPA tax accountant Kensington.

What we know about Kensington, MD tax prep
  • →Kensington is one of the wealthiest zip codes in the US — competition for talent is fierce
  • →Montgomery County has strict annual business license renewal deadlines
  • →Maryland pass-through entity tax (PTET) elections can save S-Corp owners thousands
  • →MD requires separate state withholding accounts from federal
Book a free Kensington, MD consultation →
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Weekly — not monthly
Most bookkeeping services in the area reconcile once a month. We do it every week — your numbers are never more than 7 days stale.
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Risk-free guarantee
We get your books in order within 30 days — or your first month is free. We stand behind the work.
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Fast onboarding
Most Kensington, MD tax prep clients are up and running within 1–2 weeks. No long contracts, no setup headaches.
How it works

From first call to clean books —
in less than two weeks.

1
Free consultation
15 min — we learn your Kensington, MD business, current setup, and what tax prep you need most.
2
Secure access
You grant read-only account access. No sensitive data ever emailed back and forth.
3
We get to work
Your first tax prep cycle starts within 1–2 weeks. Clean, fast, no drama.
4
Ongoing support
Reports, proactive updates, and real humans who flag problems before they become penalties.
A representative tax-prep engagement

What a typical Kensington
tax-prep engagement looks like.

A Howard Avenue antique dealer (S-corp, brick-and-mortar plus 1stDibs and Chairish) came to us heading into year five. They had received notices from two states (NY and CA) requesting back filings for sales tax — Wayfair-era economic nexus had triggered. Their CPA was assessing exposure but was missing the 1stDibs marketplace-facilitator-collected portions that should have been excluded. They also hadn't elected Maryland PTET and were missing the small-business exemption on SDAT.

Over four weeks we set up state-by-state economic-nexus tracking through QBO's sales-tax engine, integrated 1stDibs and Chairish via their connectors so marketplace-facilitator-collected sales were properly excluded from the back-filing assessment, reconciled twelve months of merchant deposits, modeled the Maryland PTET election, filed three years of overlooked SDAT returns claiming the small business exemption (which zeroed out the tax owed), and supported the CPA in negotiating voluntary disclosure agreements (VDAs) with both states.

That's a representative composite — not a single real client — but it's a pattern we see in Kensington's small-shop retail community.

Frequently asked questions

Kensington, MD tax prep
FAQ.

How much does small business tax prep cost in Kensington, MD?+
For a Kensington small business, year-round tax-prep coordination typically runs $350–$1,500 per month. Most one-storefront retailers and solo practitioners fall in the $350–$650 range. Plans start at $350/month for sole proprietors, $650/month for shops needing weekly close, and $1,500/month for the CFO Partner tier. CPA tax-return prep fees are separate.
Should my Kensington antique shop or dental practice elect Maryland PTET?+
Maryland PTET is elective and can preserve the federal SALT deduction by paying Maryland tax at the entity level via Form 510-PTET. Whether it makes sense depends on owner federal AGI and itemization. Your CPA models the math.
Do I owe sales tax in other states if I sell online from a Howard Avenue antique shop?+
Possibly. Selling tangible goods to other states above their economic-nexus thresholds (typically $100,000 in sales or 200 transactions per year per state) creates out-of-state sales-tax obligations. Marketplace facilitators (1stDibs, Chairish, eBay) handle some state collection but not all. We track state-by-state and flag new filing requirements.
How does Section 199A QBI work for my Kensington solo dental practice?+
Solo dental and medical practices are "specified service trades or businesses" (SSTBs) under Section 199A. The 20% qualified business income deduction phases out above income thresholds. We organize the books to support reasonable comp analysis and Section 199A modeling at year-end.
What's SDAT business personal property and do I have to file it as a small Kensington shop?+
Yes, even a single-storefront antique shop or solo practice. Maryland SDAT requires every business to file an annual Business Personal Property return by April 15. Filing claims the small business exemption that often zeroes out the tax. Skipping it forfeits the exemption and triggers an estimated MoCo assessment.
How does Section 179 vs. bonus depreciation work for my Kensington trades business?+
Section 179 lets you immediately expense qualifying business property (vehicles, equipment) up to an annual cap. Bonus depreciation phases down over years (60% in 2024, 40% in 2025, scheduled phaseout) and applies to property over the Section 179 cap. We track vehicle business-use percentages and equipment placed-in-service dates so your CPA can model the right depreciation strategy.
Can you handle inventory accounting for a small Kensington antique shop?+
Yes. Antique dealers often run informal inventory tracking — a notebook or spreadsheet. We set up cost-of-goods tracking in QuickBooks (or QBO-integrated inventory tools) at a level that matches how the shop actually runs without forcing you onto enterprise software, and reconcile to year-end COGS for the tax return.
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