Edward Garrett, CPA, Principal

“I stay in close contact with my clients to better understand their needs and concerns. I encourage them to keep me involved from the very beginning as they consider business or financial moves so I can advise them on the best approach from a financial and tax perspective. I’m an involved listener, and don’t hesitate to offer up ideas or alternatives if they can benefit my client.”

Ed has been providing tax and business advisory services to clients since 1969.

His extensive experience includes considerable knowledge with medical and law practices and the construction, transportation, estate planning, and real estate industries.  His knowledge of medical and law practices finds him frequently called upon to provide counsel and advice to practices considering new partner/owner buy-in.  Likewise, he has negotiated the successful sale of corporate businesses in a variety of industries.  He also specializes in accounting and tax services for estates & trusts.

A Frederick native (“born & raised”), he attended Florida State University and is a graduate of the University of Baltimore where he earned a B.S. in accounting in 1969.

Specialized Client Services

  • Trusts and fiduciaries – accounting and taxation
  • Estate taxation and planning
  • Gift tax returns
  • IRS tax examinations of income, gift, and estate taxes
  • Corporate liquidations under special rules
  • Corporate acquisitions and new corporation
  • “S” Corporations
  • Pension and profit sharing plans – accounting and tax reporting
  • Partnerships, general and limited
  • IRAs and SEPs
  • Tax Free Exchanges (Like Kind Exchanges, e.g., Code Sections 1031, 1033, 1034)

Professional/Civic Membership

  • American Institute of Certified Public Accountants
  • Maryland Association of CPAs; Past-president of the Western Maryland Chapter
  • Evangelical Reformed Church of Frederick – A deacon, an elder, and past-chairman of the stewardship committee. He also served as treasurer for over 13 years.
  • Family Heritage Trust Company Board of Directors
  • Medicine Plus Pharmacy, Inc. Board of Directors

Previous board memberships include the Frederick Memorial Hospital Development Council, where he chaired the Planned Gifts Committee; Jeanne Bussard Training Center for the Handicapped, where he was a past president, vice president, and treasurer, and named Volunteer of the Year in 1990; C. Burr Artz Library Trustee; Frederick Chapter of the American Cancer Society; Suburban Frederick Kiwanis Club, where he was a past-president; the Community Foundation of Frederick County, where he served as treasurer; Frederick County YMCA; and the Entrepreneur Council of Frederick County.