CFO Source Blog

How Tax Planning Impacts Business Success

November 11, 2024

Nobody likes paying taxes, but they are inevitable and something you need to take seriously. Filing taxes for a business can differ drastically from filing personal taxes. For your business to succeed, having adequate tax planning is paramount. At CFO Source, we have helped many businesses with their tax planning needs. We wanted to take […]

How to Prepare for This Tax Season

February 15, 2024

As another tax season approaches, it’s crucial for businesses to ensure they’re adequately prepared to navigate the complexities of tax compliance and optimization. At CFO Source, we understand the importance of strategic financial management, and we’re here to provide you with essential tips on how to prepare effectively for this tax season. Stay Organized Throughout […]

Year-End Bookkeeping Considerations

November 15, 2022

As 2022 comes to an end, businesses across the country will work diligently to close out their books so that tax returns can be filed on time and to have insight into the year’s performance. If you’re like most business owners, you’re probably juggling end-of-year accounting procedures in addition to heavier traffic and sales and […]

Can Your Small Business Get a Tax Refund

April 5, 2021

Tax structures and brackets can be extremely difficult to understand, but as a small business owner it’s important that you have at least a basic understanding of the taxes your business is paying. As someone who’s been providing Marylanders with tax planning services for many years, we wanted to take some time today to talk […]

Why Your Small Business Should Hire a Tax Planner

February 1, 2021

Business tax season is just around the corner, and if you’re a small business owner you need to make sure you’re prepared. The best way to ensure you’re prepared for tax season is to work with a Maryland small business consultant. As someone who’s been providing Maryland with our small business consultant services for years, […]

How to Make Year-End Accounting Easier with QuickBooks

December 4, 2020

2020 has been one of those years that just seems to drag on and on, and while most of us are probably looking forward to 2021, there’s still some work to be done in 2020. With the business year soon coming to an end, and as an experienced Maryland accountant, we wanted to take some […]

What Tax Deductions are Available to my Small Business?

January 3, 2020

Tax season is coming up, which means it’s time to get your business’s financial accounting for 2019 in order. Deductions are important for small businesses to make, as they can lower tax dues and improve your return. But what deductions are available for you to make this tax season? Take a look at our list […]

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 […]

Tax Preparations for Your Small Business

December 1, 2018

Taxes can be complicated whether they’re for your business or for your personal finances. Knowing how to approach them and where you can save is going to have a huge impact on your business. So, let’s take a look at how you can approach your tax preparations this year. Let’s Get Organized Before you can […]

Use a Tax Planning Service to Save Money at Tax Time Next Year

July 2, 2018

Do you feel like taxes put a major burden on your business each year? Whether it be the financial burden, or the burden of stress that comes each spring as taxes are prepared and filed, using a tax planning service can help minimize that burden for your business. What are the benefits of a tax […]

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