It’s Not Optional… It’s ESSENTIAL!
Providing accounting services to the Salisbury, Maryland community for over thirty years.
A B.S. in finance, qualified to be a CPA, a certified Quickbooks™ ProAdvisor and 25 years in banking.
More than just an accountant. I aim to be your council, your friend and your biggest supporter.
Great Accounting – Great Relationships
Bob Lockwood, the owner of Essential Accounting has been serving the Salisbury, MD community for over 30 years. Whether you need assistance on your personal income taxes, long-term financial planning, ongoing bookkeeping, payroll and tax filing support for your LLC, corporation or business partnership; you won’t find any other service on the Eastern Shore of Maryland that offers a better, more personalized and affordable service than Essential Accounting of Salisbury, MD.
Essential Accounting is committed to building lifetime relationships with its clients through unparalleled responsiveness and an individualized approach to your financial needs. Take a look below at what our clients say about our services and you’ll understand why so many of our new clients are referrals from our very satisfied clients.
Whatever your needs might be – personal taxes, business taxes, personal financial planning, retirement planning, estate and trust management, or business mergers and acquisitions – we welcome the opportunity to build a relationship with you that gives you peace of mind and saves you, your family and your business money.
While the IRS’s efforts to certify tax return preparers may have been sidelined by Loving vs. IRS in the D.C. Circuit Court of Appeals, Bob Lockwood, owner of Essential Accounting, continues to complete his Continuing Professional Education (CPE) to provide top notch tax preparation services at affordable rates. Essential Accounting is geared up and ready to go for the upcoming tax preparation season. Why would you pay the high fees of national tax preparation chains when you can get knowledgeable, trustworthy, professional & personal service at a better price? For personal, professional and economical tax preparation services get in touch with Essential Accounting TODAY!
Small business owners know how great Quickbooks™ can be. They also know using Quickbooks correctly and to its full potential can be very complicated. Bob Lockwood, of Essential Accounting, is continually staying on top of all Quickbooks software updates so you don’t have to. Bob provides small business owners with expert Quickbooks setup and the best Quickbooks programming methods. Do you have a Quickbooks™ question? Would you like to uncover all the benefits of utilizing Quickbooks correctly? Give Bob a call and he will create a plan providing you the guidance you need. Why wait until you have a mess – GET STARTED TODAY!
Let’s Do This Together…
We Cover an Array of Personal and Business Accounting Services
Personal Finance & Tax Preparation
Your money is important to you and it’s important for the future of our family. Essential Accounting can help ensure your family’s future with strategic financial planning, tax preparation and estate planning.
Business Finance and Bookkeeping
Payroll is due, quarterly taxes are due, monthly record keeping is due and you just don’t have the time to get it done much less have confidence it’s done right. Let Essential Accounting help. Our goal is your success.
What My Customers Say…
We have been using Bob Lockwood, with Essential Accounting, ever since the inception of our business four years ago. We have been very impressed with the service we have received. Bob is very knowledgeable and is always willing and able to answer all questions that...
My wife and I have used Bob Lockwood and Essential Accounting for three years now and have been very pleased with the results. Not only has he shown professional expertise and expedience, but on a few occasions when the government made errors, he has followed through...
Bob Lockwood is not just a typical accountant; He is a partner who is equally invested in the success of your business. He does so much more for us than just “the books.” He helps us to build and grow relationships and keep them on a solid foundation of mutual...
My Customers Are Like Family
Look, I run a small shop, and I don’t have the time nor the will to work with hundreds of customers. I want to work with people I like and trust. People I can call family. If you feel the same way, get in touch with me and let’s see if we’re a good fit. If we are, GREAT! If not, we’ll part ways best of friends anyway.
My goal isn’t to be your accountant – I want to be your council, your confidant and your friend.
Accounting Resources & Articles
Google “Employee or Independent Contractor” and you will find page after page of data on the subject. Let me try and boil it down for you. Federal employment withholding taxes represent nearly 70% of all federal tax revenue to be paid to the IRS, with unreported or...
According to an article in Kiplinger by Editor Joy Taylor dated December 5, 2018, 18 Red Flags for IRS Audits consist of: High Income: As of 2017, an average of only 0.015% of total tax returns filed are audited. .08% of Returns on incomes between $200,000 and...
I seem to be hearing/reading about many tax payers disappointed about receiving lower tax refunds this year than in the past. Before I put forth some thoughts on why this might be, let me say this: The government isn’t giving you a freebie with a tax refund! Unless...
Do You Need Tax Help?
If you need some assistance with past tax filings or you have a some special circumstances that have to be addressed, please click here to contact me. We will see if we can tackle your special circumstances together.
For more information on how Essential Accounting will help you with your personal or business financial matters, drop me a line today.