443-487-7733CFO Source Blog
2015 TAX IMPLICATIONS FOR ALL CLIENTS
February 6, 2015
As you may be aware, the IRS has implemented new regulations surrounding the ownership of so-called “tangible property.” These regulations will affect every business and rental property and require that Form 3115, “Application for Change in Accounting Method,” be filed to indicate that you will follow these regulations and change your method of accounting to […]
2014 Maryland Business Tax Return Changes
January 30, 2015
If your business’s fiscal year corresponds to the calendar year, this means it’s the tax season for you! In Maryland, business tax returns will be processed starting January 9 and you have until April 15th to file your paperwork. Unfortunately, business taxes is one of those tedious tasks that tend to evolve just when you […]
New eBook Release Available: Advanced Techniques for the QuickBooks User
January 2, 2015
CFO Source is proud to be able to now offer their popular training class, “Advanced Techniques for the QuickBooks User” as an eBook to enjoy in your own home or office! We’ve spent years developing the curriculum that we teach our students, but sometimes due to scheduling or cost, it can be difficult to attend […]
Year-end Tax Planning Tips for 2014
December 23, 2014
We are already half-way through the final quarter of the year—this means another tax year is wrapping up for your business. Have you taken any measures to get your business finances in order before the end of 2014? There are a few things you can do to make your taxes more or less predictable, and […]
5 Business Cash Leaks to Eliminate in 2015
November 23, 2014
What’s your New Year’s resolution? How about spending smart and saving money? As your business keeps growing, it becomes more and more difficult to stay on top of the cash flow. Actually, it’s not even cash—the money comes in and out of your bank accounts without any physical contact with your pockets. Software like QuickBooks […]
Announcing Advanced Techniques QuickBooks Class
November 17, 2014
The CFO Source’s own QuickBooks Pro Advisor Craig Kershaw will be teaching an advanced techniques class at the MACPA Columbia Center on December 3, 2014. The class is open to general public and discounts are available to MACPA members, other state CPA society members, students and for referrals. The class will give an overview of […]
Financial Tips for Startup Businesses
November 11, 2014
Being an entrepreneur is a tough job—there are hundreds of urgent matters pulling you in different directions on a daily basis. However, no matter how busy you are, you should always keep a finger on your business’s financial pulse. And not just monitor your finances, but plan ahead, especially when you are just starting […]
Health Insurance – What the IRS Can and Cannot Do
November 5, 2014
To Buy or Not to Buy To help you decide whether you should buy health insurance, you should know the following: IRS is limited in its collection activities if YOU choose NOT to buy health insurance. You will be financially penalized (taxed), but the IRS Can NOT lien or levy against your assets. Nor can […]
Why and When Outsourcing a CFO Makes Sense
October 23, 2014
When it comes to managing you business’s finances you have several options: do it all yourself, hire someone or outsource. And if you run a fairly large business, combining the roles of a CEO and a CFO is likely not in your best interest. You already do an important job of choosing the right direction […]
5 Payroll Mistakes And How to Avoid Them
September 23, 2014
Payroll systems have come a long way in the past 10 years. Depending on the type of your business, there might be no need to manually enter the hours worked thanks to the time-tracking tools integrated with the payroll software. And with the direct deposit function, you don’t have to print paper checks anymore. It […]
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