443-487-7733CFO Source Blog
Top 5 Most Popular Accounting Services for Maryland Businesses
August 10, 2016
At CFO Source we take accounting services very seriously, it’s what we are great at and what we love doing. We provide Maryland businesses with many services that help them manage their time, money, and growth. We pay attention to the small details of their businesses so that they don’t have to, and so they […]
Understanding a Profit Loss Report
July 14, 2016
Accounting is hard. Even if you aren’t part of an accounting team, you may still get reports from them and many are complex and difficult to understand. Profit and Loss reports can help you to better understand the total income and total expenses for a period of time. It is most useful for finding ways […]
How Small Businesses Benefit From Using QuickBooks
June 9, 2016
Gone are the days of recording all your business’ accounting documents on paper. Computers and software have allowed us to keep more detailed and accurate documents online, effectively eliminating the need for a large filing cabinet in the accounting department. QuickBooks has quickly become the accounting industry standard, due to its robust set of features […]
Why Online Payroll Service may not be Right for your Business
May 19, 2016
There is no business in the world that makes money off of their payroll services division. This is simply a part of the business that has to exist in order to make sure that the employees are paid. However, there are probably many business owners out there that wish they did not have to worry […]
How to Prepare for a Business Loan Application
April 14, 2016
Starting a business and need a loan? Or maybe you already have a booming business but need more money to grow? The truth is, in these shaky economic times banks are a little hesitant to hand out business loans. Most will put your loan application package through a rigorous review, and some won’t even look […]
Capital vs. Current Expenses: What’s the Difference?
March 15, 2016
Keeping track of business expenses can be difficult, whether you are a seasoned business owner or just starting out. But besides keeping track, for tax purposes you are also required to classify your expenses into capital and current. And it’s not always as simple as it looks. Allow our Maryland business tax preparation experts to […]
Qualifying for the Business Use of Home Deduction
February 15, 2016
Whether you are a business owner using home as your work space, an employee who works from home or someone who sees and serves clients at home, you may qualify for the business use of home deduction. It’s one of the deductions many home-based businesses forget about or simply don’t take the trouble to claim, […]
5 Overlooked Small Business Tax Deductions
January 20, 2016
As a business owner, you may be aware of many tax breaks you are eligible for. But this doesn’t mean you are taking full advantage of the tax deductions available to you. At The CFO Source, our Maryland tax accountants work with many businesses to maximize their deductions and provide peace of mind during tax […]
5 Biggest Business Tax Mistakes to Avoid
December 16, 2015
We know, this is a bit early for the tax season. But tax season is not the only time you should worry about taxes. Monitoring your transactions and accounting for your spending and income should be a year-round task. And since 2015 is coming to an end, we’d like to take a look back and […]
Attention ALL QuickBooks Users
December 1, 2015
Intuit will NOT be supporting any versions of QuickBooks prior to 2015 for the Windows 10 operating system! That could potentially impact clients if they either “upgrade” to Windows 10, or purchase a new computer with Windows 10 installed instead of an earlier version.
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