443-487-7733CFO Source Blog
Ongoing Tax Preparations to Start Now
November 5, 2019
Tax season might be a few months away, but preparations for your business taxes shouldn’t wait until the last minute. In fact, savvy professionals utilize ongoing tax preparations to ensure perfect compliance. Here are a few ways you can get your business finances together now to ensure you’re ready for tax time. Keep Track of […]
3 Commonly Asked Questions About QuickBooks
October 4, 2019
QuickBooks has been around for years and continues to be improved to make it better and better for business owners. This accounting software helps businesses in all different industries to more easily manage their sales, inventory, accounting, and more. We’ve answered the most common questions about QuickBooks, so read on to find out more. Q: […]
How Can You Stay on Top of Your Business’s Finances?
September 4, 2019
Managing all of the aspects of your company can be overwhelming. Don’t let managing your company’s finances be a responsibility that gets pushed aside or neglected. Instead, follow these tips to make a typically time-consuming business task more efficient. Tips for Managing Your Business’s Finances Categorize Your Expenses – In order to better visualize and […]
Getting Started with a CPA
August 5, 2019
What does a Certified Public Accountant do, exactly? How can you benefit from their services? Where can you find an expert CPA in Maryland? If you’ve ever been curious about any of these things, you’ve come to the right place! Let’s learn more about CPAs and what they can do for you. What is a […]
What is ‘Going Concern’ in Your Business?
July 2, 2019
No, that’s not a typo. The term is ‘going concern’, but what exactly does it mean? Simply put, going concern is an accounting term for a company that has the resources necessary to continue operations for the foreseeable future (usually at least 1 year). In other words, it means that a company is able to […]
Are You at Risk for Employee Fraud?
June 3, 2019
When we think of business fraud and corruption, we usually think of scandals at the top by large companies and big name people; Bernie Madoff and Enron come to mind. But in reality, small and mid-sized businesses are actually more susceptible to fraud, and the effects can be even more devastating. Of course you never […]
Outsourcing Your Financial Management for Results
May 2, 2019
There are many decisions that small business owners have to make. Where should I place my business? How many employees should I hire? What prices should I set? One more question we find many small business owners asking is “should I outsource my accounting?” There are benefits to both having an in-house accounting department and […]
Can You Reconcile Your Bank Account in QuickBooks?
April 1, 2019
Many know QuickBooks for its applications within the tax world, but keen insiders know QuickBooks can help out with a lot more. In addition to all of the great tax help provided, QuickBooks also has a feature that allows you to view your business’ bank account, current expenditures and revenues, and recent transactions. Monitor Your […]
Building a Budget that Works
March 1, 2019
Budgeting might not be your idea of fun, but it is necessary to ensure that you’re staying on track with your goals. However, there are right and wrong ways to approach your budget that can affect not only its success, but the success of your business. So, let’s take a look at how you can […]
Investing in a Bright Future for Your Business
February 1, 2019
To call something a business versus calling it a hobby comes down to whether or not you’re generating revenue. At the end of the day, that’s what makes a business well, a business. So, whether you’re looking for a huge amount of growth, or you’re just looking to get back on track, your business’s financial […]
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