CFO Source Blog

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 […]

How Tax Planning Can Save You Money

August 23, 2014

April is still far away, so you don’t have to worry about taxes just yet, right? Wrong! The sooner you start to plan ahead, the more savings you can expect in the future. Even if your business claimed all possible credits and deductions last year, there could always be something you can improve. As your […]

Press Release: CFO Source Announces Newly Designed Website Launch

July 28, 2014

State-of-the-Art Website Streamlines Expansion of Services Offered by Leading Outsourced Provider of Accounting Services Halethorpe and Eldersburg, MD: July 15, 2014 – CFO Source, the leading outsourced provider of cost effective, expert, profit-driven accounting services announced today the launching of its brand new state-of-the art website located at www.cfosource.net. The newly redesigned website will offer […]

Press Release: CFO Source Partners with MACPA

July 2, 2014

CFO Source Partners with MACPA to Offer Advanced Techniques for QuickBooks Users State Accounting Organization Turns to Author of “Advanced Techniques for QuickBooks Users” to Lead Newly Created Course Eldersburg, MD: June 11, 2014 – CFO Source, the leading outsourced provider of cost effective, expert, profit-driven accounting services announced today that they have teamed up […]

Financial Tips for Start Up Businesses

June 25, 2014

Figure out what your breakeven sales figure is – Determine fixed costs and variable costs. Can you generate enough sales to cover costs and make a profit? Price your service to make a profit, not break even. Don’t leave $$ on the table. Get an accountant to set up your books and do your taxes […]

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