Emerald Financial Partners is Your Business & CPA Tax Accountant...Since 1980!

Emerald Financial Partners believes you should have a trusted partner, on call, to support you through the financial decisions that impact your life, your family, and your business. We provide a holistic approach to your tax, accounting, and financial needs.  We have been serving as a business CPA and tax accountant to companies and individuals since 1980.  We specialize in assisting entrepreneurs, business owners, self-employed, government contractors, and real estate investors with reducing their tax liability, maximizing their business income, and keeping track of all the details!

Rental investor business owner taxes
Proactive Accountant
1099 self employed taxes
Government Contractor Tax Compliance
Oustource Your CFO

Emerald Financial Partners – Maryland’s Leading Tax, Accounting & Financial Specialists

Emerald Financial Partners offers consultations so that we can understand your needs and help create a path for financial success. Our team goes above and beyond to understand your unique needs and develop strategies that will help you reach your goals.   Our personal and business services are structured to provide you unlimited access and on-call support to help you make better financial decisions, every day.  Contact us to schedule a conversation!

Business Services

Business owners want to save time and money.  Emerald Financial Partners provides accounting, compliance, and tax services for your business, leaving you time to focus ON your business.  More importantly, we take a ProActive approach to your business with strategies that are designed to anticipate possible challenges and plan accordingly.

We provide an array of services to meet the demands of small, medium, and large sized businesses.  We specialize in assisting entrepreneurs, business owners, and real estate investors with reducing their tax liability, maximizing their business income, and keeping track of all the details!

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Personal Services

Emerald Financial Partners provides a holistic approach to your tax, accounting, and financial needs to enhance your lifestyle and help you better plan for the future.  Our team provides you access to the professionals you need, for many of life's important decisions.  We provide an array of services to meet the tax, accounting, and economic goals of individuals and their families to help them make better financial decisions every day of the year, not just at tax time.

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Is Your Accountant ProActive or ReActive?

If you are an entrepreneur, business owner, or real estate investor, you need an accountant to serve as your strategic partner, not just your bean counter!  As a proactive accountant, we work side by side with the owner, collaboratively, to help grow your business.  A proactive accountant is an adviser that is looking for opportunities to position the company for profitability, tax savings, expense reduction, and more.

A proactive accountant addresses the client’s needs before they become urgent issues.  As a business owner, the difference between a proactive or reactive accountant could mean the difference between success and failure.  Are you working with a proactive accountant?  If you’re not sure, contact Emerald Financial Partners, and we’ll get you and your business on the right path.   Learn More

Volunteered for Fish For A Cure Charity

Giving Back To Our Community!

Emerald Financial Partners has a strong commitment to our community.  As active members of Thrive Business Communities, we participate in quarterly initiatives to give back to the communities in which we live and work!  Check out our recent activities!

Mary D.

"I’ve been with Valerie for over 10 years. I would recommend her team to everyone. It’s great to have a tax person who you trust and you like as a good friend."

Paul A.

"Emerald Financial Partners cleaned up our Quickbooks file and amended our business and personal income tax returns.  We saved $32,830 in taxes."

Michael D.

"After 30 years of doing my own taxes, I decided to try out Emerald Financial Partners.  Right away, they pointed out that I had been making errors, costing us money.   Now, we have peace of mind knowing that WE don’t have to keep up on the ever-changing tax law and that we have competent professionals in our corner. No more wasting time trying to do taxes myself and worrying about whether I made a mistake. My lingering regret is that we didn’t use their financial planning services long ago!"

Candace N.

"We recommend Emerald Financial Partners VERY HIGHLY!  Not only have they helped us with taxes for years, but also guided us through some huge questions and long range planning."

News & Resources to Help You Grow Your Business

At Emerald Financial Partners, we provide valuable insight and content designed to help you grow your business smarter!  We offer consultations so that we can understand your needs and help create a path for financial success. Contact us today!

What You Need to Know About Government Contract Accounting

By Valerie McLaughlin | November 12, 2018

In Maryland, we are fortunate to have the geographic location that provides many government contractors with direct access to our Federal government and associated contracts. But, to be a successful government contractor, you will likely need to engage a knowledgeable accounting partner to assist you with Defense Contract Audit Agency (DCAA) compliance services, and help […]

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What You Need to Know About Net Operating Loss Tax Changes

By Valerie McLaughlin | November 6, 2018

The 2018 tax reform made many good changes in the tax law for the small-business owner. But the changes to the net operating loss (NOL) deduction rules are not necessarily in the good-changes category. They are designed to put money in the IRS’s pocket. OLD Net Operating Loss Rules You have an NOL when your […]

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How Will Recent Tax Law Changes Affect Your 2018 Return?

By Valerie McLaughlin | September 13, 2018

Now is a good time to start preparing for the 2019 tax season so you won’t be surprised with tax bills when the new year rolls around.  This year, it’s even more important to review your situation with the new tax-law changes.  One thing you can do to ensure that your taxes will be in […]

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Qualitax Becomes Emerald Financial Partners

By Valerie McLaughlin | September 1, 2018

For Immediate Release It’s an exciting time here at Qualitax and I wanted you to be among the first to know!  Over the next few weeks and months, you’ll notice that Qualitax will now become Emerald Financial Partners. For the past 38 years, you’ve come to expect the best tax and accounting service in the […]

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Good News for S-Corps

By Valerie McLaughlin | August 7, 2018

Tax reform gives you a new 20% Section 199A deduction on pass-through income.  But be aware the IRS requires that you pay yourself “reasonable compensation.” If you don’t, you can torpedo your deductions and be forced to pay extra taxes and penalties.  Here are 3 tips: Reasonable Compensation. Paying yourself “reasonable compensation” is so important. […]

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3 Reasons Your Business Needs a Strong Financial Partner

By Valerie McLaughlin | August 6, 2018

Whether you are a new business start-up or a business with years of history, the most important aspect of your business is the financials. Many business owners burn out because they try to wear too many hats or just don’t have the time or expertise to properly manage their finances. In this article, we’ll discuss […]

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