CFO Source Blog

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 […]

Bookkeeping for Your Business

May 17, 2017

As the owner of a new business, you’re likely to be looking for a fast and efficient way to handle your company’s bookkeeping needs. Accurate accounting is a must-have for any business, and there are three basic ways that new business owners handle this need: Do it yourself with QuickBooks Outsource to a bookkeeping service […]

Tax Considerations When Your Business Grows

January 16, 2017

Is your business quickly growing? First, congratulations on the success of your business. Now, what are you going to do about the tax side of your business growth? As your business grows, your taxes will change as well—so be sure to keep in mind these tax considerations. When to Incorporate One question we hear from […]

Your Small Business Need Help with Bank Relations?

October 14, 2016

Many people running a small business tend to believe that a relationship with a bank only comes in handy when there is a major financial need to address. The reality is contrary to that. Whether the need is major or minor, finding a bank that perfectly suits the needs of your business is important. Most […]

Small Business Accounting Best Practices

September 15, 2016

You may find accounting dead boring and you may have bunked your various accounting sessions in college in order to escape the mental trauma. But, when you setup your small business, accounting will appear again and may haunt you. Whether you call it ‘Revenge of Accounting’ or anything else, the reality is that every entrepreneur […]

Top 5 Most Popular Accounting Services for Maryland Businesses

August 10, 2016

At CFO Source we take accounting services very seriously, it’s what we are great at and what we love doing. We provide Maryland businesses with many services that help them manage their time, money, and growth. We pay attention to the small details of their businesses so that they don’t have to, and so they […]

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