Baltimore Washington Financial Advisors
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Accountants & CPAsBaltimore Washington Financial AdvisorsWestminster, MDOwn this business? Claim it free to unlock:
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Founded in 1986, Baltimore-Washington Financial Advisors (BWFA) is a Maryland- Washington DC based fee only, fiduciary wealth and financial management firm specializing in investment management, financial planning, tax services, retirement planning and business financial services. BWFA is a member of NAPFA and is among the largest and oldest independent, fee-only financial advisory firms in the Baltimore/Washington metropolitan area. BWFA acts as a fiduciary and serves clients throughout the Mid-Atlantic area and nationally.
Additional Information
Baltimore-Washington Financial Advisors is a nationally recognized wealth management firm providing objective advice since 1986. The firm integrates investment management, retirement and estate planning, and tax services in a fee-only setting free of commissions and conflicts of interest.
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Established 1986 · Serving Columbia, Baltimore-Washington
Additional information extracted from the firm's public website. Last updated: August 7, 2026
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Claim This ListingFrequently Asked Questions
How much does an accountant cost in Westminster?
Personal tax returns: $150-$400 depending on complexity. Small business bookkeeping: $300-$800/month. Corporate tax returns: $1,000-$3,000+. Many accountants offer free initial consultations to discuss your needs and pricing.
What's the difference between a CPA and a bookkeeper?
CPAs (Certified Public Accountants) are state-licensed, can audit, provide tax advice, and represent you before the IRS. Enrolled agents are credentialed by the IRS itself and specialise in tax filing and IRS representation. Bookkeepers handle day-to-day transaction recording and basic financial reports. For audits and complex planning you want a CPA; for tax filing and IRS representation an enrolled agent is often the better value.
When should I hire an accountant?
Consider an accountant if you're self-employed, own rental property, have investment income, run a business, received an IRS notice, or your tax situation is more complex than a simple W-2. The cost of an accountant often pays for itself in tax savings.
Can an accountant help if I'm behind on taxes?
Yes. Accountants regularly help clients catch up on unfiled returns. They can also help with IRS voluntary disclosure, negotiate installment agreements or an offer in compromise, and handle notices, amended returns and audits.
Is it worth paying for tax preparation vs doing it myself?
If you have straightforward W-2 income and take the standard deduction, free software works fine. But if you have self-employment income, rental properties, investments, or business expenses, a professional accountant typically finds deductions that more than cover their fee.