CFO Source Blog

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 […]

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, […]

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 […]

What is New on my Taxes in 2017?

February 17, 2017

It is that time of the year again: tax time. Every year Americans gear up for tax season starting in January, to be ready to submit their taxes by April. Each year the government releases new tax laws and deductions, often making tax time more complicated and confusing for people around the United States. But […]

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 […]

When to Start Your Maryland Tax Preparation

December 21, 2016

As a business owner, you may wonder when to start working on your tax preparation. If you’re like a lot of other business owners, you may even wait until the very last minute to being preparing your taxes. This is a big mistake. The time to start working on your tax preparation is now. When […]

Qualifying for the Business Use of Home Deduction

February 15, 2016

Whether you are a business owner using home as your work space, an employee who works from home or someone who sees and serves clients at home, you may qualify for the business use of home deduction. It’s one of the deductions many home-based businesses forget about or simply don’t take the trouble to claim, […]

5 Overlooked Small Business Tax Deductions

January 20, 2016

As a business owner, you may be aware of many tax breaks you are eligible for. But this doesn’t mean you are taking full advantage of the tax deductions available to you. At The CFO Source, our Maryland tax accountants work with many businesses to maximize their deductions and provide peace of mind during tax […]

5 Biggest Business Tax Mistakes to Avoid

December 16, 2015

We know, this is a bit early for the tax season. But tax season is not the only time you should worry about taxes. Monitoring your transactions and accounting for your spending and income should be a year-round task. And since 2015 is coming to an end, we’d like to take a look back and […]

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