CFO Source Blog
Benefits of QuickBooks Online vs. Desktop
April 3, 2018
Considering making the change to QuickBooks Online? It’s a big step, but a very beneficial one if you’re looking for ways to improve your processes. In this post, we’ll uncover the benefits of QuickBooks Online vs. Desktop to help you determine if which is the right fit for you. QuickBooks Online can be Accessed Anywhere […]
Why Complete a Financial Stress Test?
March 5, 2018
Small business owners are often looking for ways to grow their business, increase sales, expand services, etc. But rapid growth comes at a cost, and without being properly prepared you could end up with a mess on your hands. By completing a financial stress test you can quickly and efficiently discover potential areas of struggle, […]
What is Needed to Support Significant Business Growth?
February 5, 2018
When a small business experiences rapid growth, there are certain systems that need to be put in place to support that growth, and encourage further growth. But what things are essential, and what things can hold off while the essentials are put in place? Let’s look at some of the systems and infrastructure that are […]
Getting Help with Bank Funding
January 3, 2018
In most cases, getting funding from a bank for a small business start up is extremely difficult. Banks see too much risk when considering a start up and often refuse to loan the money as they don’t see any return on their investment. But it doesn’t have to be impossible. Let’s look at some ways […]
Year-End Business Tax Review
December 4, 2017
Taxes give individuals and businesses anxiety every year. Filing taxes can be complicated, confusing, and overwhelming. If you own a business, taxes can be especially complicated, but by creating a year-end tax review you can organize your tax documents and head into the new year feeling confident. Document Preparation Towards the end of the year, […]
How Do Some Companies Pay Fewer Taxes?
November 15, 2017
No one looks forward to paying taxes, whether it be personally or as a business owner. But some businesses manage to avoid certain Maryland taxes or pay less than others. How do they manage that? Keep Careful Track Good bookkeeping is a huge way businesses manage to pay less for taxes. By having a detailed […]
Understanding a Federal Tax Lien
October 10, 2017
Taxes put stress on everyone, whether it be filing taxes or paying them, the whole process can be stressful for many people. In some cases individuals are unable to pay their taxes, whether it be entirely or in part. In these cases the government can put a lien on your assets, as collateral against the […]
Should I Use an Outsourced CFO
September 14, 2017
If you run a small business, keeping track of the financials can be overwhelming. Couple this with trying to keep up with the day to day tasks your business needs to do to stay relevant and profitable and it gets downright unmanageable at times. In larger corporations a CFO handles the financial side of the […]
QuickBooks for Beginners
August 14, 2017
QuickBooks is an online platform that allows small businesses to manage their finances by offering accounting of income and expenses. QuickBooks is a great tool that can help businesses stay organized and efficient, though not everyone knows how to maximize the benefits of using it. By understanding all of the services QuickBooks has to offer, […]
Where to Start Growing your Company
July 13, 2017
If you run a small business and are looking to expand, it can be hard to know where to begin. By developing a smart business expansion plan, you can save yourself time and money. Being strategic in your business can help you grow while increasing your customer base and increasing your profits. Let’s look at […]