443-487-7733CFO Source Blog
Hiring an Accountant vs. Internal Bookkeeping
September 15, 2015
If you are running a small business, you probably outsource your accounting. After all, the first employees you’d want to hire are usually people who can help you grow your business, not someone whose work doesn’t directly translate into profit. But as you grow and expand, you may realize that working with your Maryland accountant, […]
What it Means to Reconcile Your Bank Account in QuickBooks
August 26, 2015
If you’ve heard about the bank account reconciliation feature in QuickBooks, you are already ahead of the game. As Maryland accountants and QuickBooks experts, we find that many business owners are either unaware of or underestimate the importance of reconciling bank accounts in QuickBooks. Whether you are just starting out with QuickBooks or looking to […]
Pros and Cons of QuickBooks Online vs. QuickBooks Desktop
July 28, 2015
As Maryland QuickBooks experts and trainers, we often get questions about QuickBooks Online. This is a relatively new addition to the QuickBooks family of accounting software, but it has already gained popularity among many users. However, some people are hesitant to make the switch and want to perform the full cost vs. benefit analysis before […]
What is a QuickBooks ProAdvisor?
June 25, 2015
When you were looking for QuickBooks training in Maryland or for someone to help you set up QuickBooks for your business, you’ve probably seen the designation QuickBooks ProAdvisor used by some accountants. But what does it mean? Does it even matter in choosing a QuickBooks consultant? Let’s tackle these questions one by one. What is […]
6 Ways You Should be Using QuickBooks for Your Business
May 28, 2015
The question these days is not why to use QuickBooks, but rather how to use it to grow your business and increase your profits. One of the most widely used accounting platforms in the world, Intuit QuickBooks is a powerful software that can make a big difference in your bookkeeping practices when used correctly. As […]
What to Look for in a QuickBooks Training Instructor
April 21, 2015
Accounting software such as QuickBooks is very powerful and complex. It can help propel your business forward if you know what you are doing, or it can hold you back if you don’t. Whether you are switching to QuickBooks from a different platform or think you or your bookkeeper could use some hands-on user knowledge, […]
4 Things to Consider Before Purchasing QuickBooks
March 30, 2015
Whether you are just starting out or have been running your business for a while, you’ve probably heard about QuickBooks’ reputation as the leading accounting software. It’s used by business owners and accountants alike, and our Maryland QuickBooks experts at The CFO Source know everything there is to know about it. We’ve helped many people […]
FYI from Tax Payer Advocate
March 17, 2015
“The new health reform law is causing some filing glitches at IRS after all Thousands of refunds are being held up, the IRS Taxpayer Advocate says, because not all of the state exchanges have sent their data to the Revenue Service. Thus, the agency can’t match the data with returns claiming the premium tax credit. So […]
5 Tips for Choosing Your Maryland Tax Return Preparer
February 26, 2015
Tax season is always a busy time for you as a business owner. Not only do you see an influx of clients who finally decided to act upon their New Year’s resolutions, but you also have to devote time to getting the paperwork for your tax return together. And if you don’t have a tax […]
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 […]
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