Flax, Book & Company CPA

Flax, Book & Company CPA Full Service accounting firm. Contact us today for a free consultation.

At Flax, Book & Company CPAs our goal is to be a valuable compliance and planning resource for businesses and individuals in the Mid Atlantic and greater Washington DC area. Understanding and meeting the needs of businesses and individuals ranging from beginning entrepreneurs to established organizations is the ongoing commitment of our firm. Flax, Book & Company CPA services a wide variety of ind

ustries including Physicians, Dentists, Retail Establishments, Law Firms, Non-profits and other Tax Exempt Organizations & Associations, Consultants, Independent Contractors and many others.

Track Business Expenses Carefully: Keep detailed records of all legitimate business expenses, including software, market...
06/18/2026

Track Business Expenses Carefully: Keep detailed records of all legitimate business expenses, including software, marketing, travel, office supplies, and professional services.

Reminder: Make Estimated Tax Payments: If you're self-employed or have significant investment income, paying quarterly e...
06/17/2026

Reminder: Make Estimated Tax Payments: If you're self-employed or have significant investment income, paying quarterly estimated taxes can help you avoid penalties and large tax bills.

Retirement Income Can Affect Your Taxes: Different retirement income sources are taxed differently. Understanding how So...
06/16/2026

Retirement Income Can Affect Your Taxes: Different retirement income sources are taxed differently. Understanding how Social Security, IRAs, 401(k)s, pensions, and investments work together can help create a more tax-efficient retirement strategy.

Tax Planning Isn't Just for Tax Season: Effective tax planning happens throughout the year, not just when it's time to f...
06/15/2026

Tax Planning Isn't Just for Tax Season: Effective tax planning happens throughout the year, not just when it's time to file your return. Small decisions made today can have a significant impact on your future tax liability.

An LLC is a corporate structure where members cannot be held accountable for the company’s debts or liabilities. This ca...
06/11/2026

An LLC is a corporate structure where members cannot be held accountable for the company’s debts or liabilities. This can shield business owners from losing their entire life savings if, for example, someone were to sue the company.

Self-employed workers need to account for F**A taxes. In addition to your income taxes, remember to also account for you...
06/10/2026

Self-employed workers need to account for F**A taxes. In addition to your income taxes, remember to also account for your Social Security and Medicare taxes. Creating and funding a savings account for this purpose can help avoid a possible cash flow hit each quarter when you pay your estimated taxes.

A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibil...
06/09/2026

A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.

Keeping tax returns and the documents you used to complete them is critical if you’re ever audited. Typically, the IRS h...
06/08/2026

Keeping tax returns and the documents you used to complete them is critical if you’re ever audited. Typically, the IRS has three years to decide whether to audit your return, so keep your records for at least that long. You also should hang onto tax records for three years if you file a claim for a credit or refund after you filed your original return.

Enjoy The Weekend! “Whether you think you can or think you can’t, you’re right.”
06/05/2026

Enjoy The Weekend! “Whether you think you can or think you can’t, you’re right.”

How does an LLC protect my personal assets? An LLC creates a legal separation between you and your business. If the busi...
06/04/2026

How does an LLC protect my personal assets? An LLC creates a legal separation between you and your business. If the business is sued or incurs debt, creditors generally cannot pursue your personal assets, provided you maintain proper business practices.

Address

6558 River Clyde Drive
Highland, MD
20777

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(301) 854-1701

Website

Alerts

Be the first to know and let us send you an email when Flax, Book & Company CPA posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Flax, Book & Company CPA:

Shortcuts

Share

Category