Monocacy Wealth Management
Personal Tax Preparation Services
Tax season fills most people with dread. Not our clients. That's because we streamline the process, breaking it down into simple, stress-free chunks. The end result? You take advantage of every possible write-off, lower your liability, stay audit-ready, and ensure more of your money stays where it belongs—in your wallet, not in the IRS's.
Our Core Tax Preparation Services
At Faragalla and Associates, we take a 360-degree approach to personal tax preparation—one you won't get when you work with traditional accounting firms.
Here’s what we offer:
An Audit-Ready Approach
We approach personal tax preparation with meticulous attention to detail, ensuring every deduction is justified and every figure is accurate. Our approach means you stay safe, audit-ready, and ahead of deadlines every year.
Year Round Attention
Tax planning doesn’t stop on April 15. We provide ongoing support and advice throughout the year, managing your taxes in small, bite-sized chunks. Why? To eliminate unnecessary stress and help you make tax-smart financial decisions.
Stress-Free Filing
Say goodbye to tax season anxiety. We manage the entire filing process, from helping you gather documents to submitting your return. Our streamlined systems and clear communication keep you informed and underwhelmed—exactly how you want to feel.
Accurate Filing
When it comes to technology, too many accounting firms have fallen behind. Not us. We leverage cutting-edge tax software and automated error-checking systems to ensure pinpoint accuracy with every return we file.
Strategic Planning
We don't just file your taxes; we optimize your entire financial profile, ensuring you keep more of what you earn while staying fully compliant with tax laws.
Financial Planning
Financial success demands hard work. But it also requires strategic planning and guidance from experts who understand your financial situation and goals. This is where our sister company Monocacy Wealth Management excels.
Whether you need help updating your tax strategies, rebalancing your portfolio, or anything in between, we’re here with you every step of the way.
Financial Clarity Begins Here
Ready to transform financial uncertainty into financial clarity? It all begins with a simple phone call.
(301) 360-9500Why Clients Choose Us…And Not Them
At Faragalla and Associates, we’re not just another tax preparation service. We’re your year-round partners, offering a level of expertise that traditional accounting firms can’t compete with.
Here’s how we stand out from the competition.
Industry-Leading Expertise
Many accounting firms treat taxes as a "season" that ends on April 15. They often rush through as many returns as possible during this short, frantic period.
We know from 30 years of experience that your financial life doesn't operate on a seasonal schedule. Taxes are a year-round issue and require periodic check-ins to eliminate stress and boost savings.
Personalized Attention
Traditional accounting firms often experience high turnover or assign different accountants to your case each year. This lack of continuity means you’re starting from scratch every year. Worse, the focus is often solely on completing your current tax return—not building a long-term financial strategy.
At Faragalla and Associates, we are an established team of accounting specialists with over three decades of experience. Each member is an expert in their field and has the credentials, experience, and client success stories to show for it. We focus on the big picture—which means comprehensive financial analysis beyond just annual tax returns.
Technology with a Human Touch
Most personal tax preparation firms use tax prep software. The trouble is there’s often minimal professional oversight and a failure to “deep dive” into the results. Instead, the focus is on rapid processing.
Our personal tax preparation service experts don’t just use software to automate and error-check. We analyze the output to spot hidden opportunities that experience can only reveal. For us, technology is a tool to enhance our service—not replace it.
Real Reviews, Real Success
Unique Solutions for Unique Industries
Government Contracting
From budgeting and forecasting to CFO services and data management, we ensure you're audit-ready and positioned for success. Our team offers specialized accounting services designed to meet the unique needs of government contractors.
Healthcare
Let us focus on the numbers so you can do what you do best: deliver exceptional patient care. From revenue cycle management and regulatory compliance to payroll processing and budget analysis, we provide comprehensive financial solutions tailored to the healthcare industry.
Real Estate
Your industry is as fast-paced as it is unpredictable. Let us give you the financial certainty you need to not only survive inflation, low inventory, and rising interest rates but thrive in any market condition.
Technology
Whether you need help with cash flow and equity dilution planning, require budget forecasting, or need data-driven insights to scale your business, we can help. With over 30 years of experience, we know what it takes to meet the tech industry's rapidly evolving needs.
Meet Your Financial Partners
We founded Faragalla and Associates in 1991 because we saw a major industry gap—too many accounting firms were leaving clients feeling overwhelmed and underserved.
We made a vow to change this by prioritizing personalized attention and clear communication at every step.
Learn more about our founding principles and the client-focused approach that has made us stand out for over 30 years.
Financial Insights: Our Blog
Transform Your Financial Uncertainty into Opportunity
Living in the financial dark means missed opportunities, unnecessary stress, and an uncertain future. Our team will give you the timely and actionable financial data you need to make informed decisions, drive business and personal growth, and secure your financial future. Contact us now for a free discovery call!
