Tips | CFO Source - Part 2
Maximizing Profits, Minimizing Taxes,
And Finding Capital For Our Clients

CFO Source Blog


7 Tips to Maximize Profitability in Your Business

When you own a small business, maximizing profitability is essential. Every dollar counts when your business is starting out, so taking steps to ensure you are profiting as much as possible can make or break your business. Here are some ways to maximize profitability. Determine What Adds Value, and What Wastes Resources Carefully analyzing your […]

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Contractor Tips to help you stay on a Budget and Ahead of Schedule

Many contractors these days are looking for a consulting business that can help them perform their jobs to the optimum level with maximum return. It is therefore crucial for them to choose a consulting company in Maryland that excels in business consultation services. Having the best business consulting firm on their side will equip the […]

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Your Small Business Need Help with Bank Relations?

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 […]

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Small Business Accounting Best Practices

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 […]

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Top 5 Most Popular Accounting Services for Maryland Businesses

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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Understanding a Profit Loss Report

Accounting is hard. Even if you aren’t part of an accounting team, you may still get reports from them and many are complex and difficult to understand. Profit and Loss reports can help you to better understand the total income and total expenses for a period of time. It is most useful for finding ways […]

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How to Prepare for a Business Loan Application

Starting a business and need a loan? Or maybe you already have a booming business but need more money to grow? The truth is, in these shaky economic times banks are a little hesitant to hand out business loans. Most will put your loan application package through a rigorous review, and some won’t even look […]

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Capital vs. Current Expenses: What’s the Difference?

Keeping track of business expenses can be difficult, whether you are a seasoned business owner or just starting out. But besides keeping track, for tax purposes you are also required to classify your expenses into capital and current. And it’s not always as simple as it looks. Allow our Maryland business tax preparation experts to […]

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5 Business Exit Strategies and How to Plan

When you quit your 9-5 job to become a full-time business owner, you may have thought that you finally found your passion and that this is forever. However, circumstances change, and in 5 or 10 years you may decide to start a new venture, return to working for someone else or maybe it will be […]

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Hiring an Accountant vs. Internal Bookkeeping

If you are running a small business, you probably outsource your accounting. After all, the first employees you’d want to hire are usually people who can help you grow your business, not someone whose work doesn’t directly translate into profit. But as you grow and expand, you may realize that working with your Maryland accountant, […]

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What Our Clients Say...

"We struggled for several years with high turnover in our bookkeeper position, which resulted in missed billings and duplicate payments. Craig Kershaw was able to locate a high caliber person who quickly took over the accounting and is now helping to expand the business into new markets. I no longer worry about whether my accounting is being done properly."

-Bryant Brambeck, Owner, Liberty Emblem Company

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  • Frederick County: Frederick (21701, 20702, 21703, 21709), New Market (21774) , Mount Airy (21771), Urbana (21704), Ijamsville (21754), Walkersville (21793), Libertytown (21762), Damascus (20872), and more.

    Howard County: Clarksville (21029), Columbia (21044), Cooksville (21723), Dorsey (21075), Elkridge (21075), Ellicott City (21043), Fulton (20759), Glenelg (21737), Glenwood (21738), Granite (21163), Hanover (21076), Highland (20777), Jessup (20794), Lisbon (21765), Marriottsville (21104), North Laurel (20723), West Friendship (21794), Woodbine (21797), Woodstock (21163), and more.

    Montgomery County: Olney (20832), Damascus (20872), Laytonsville (20882), Silver Spring (20910), Clarksburg (20871), Gaithersburg (20878), Germantown (20876), Bethesda (20816), Chevy Chase (20815), and more.

    Baltimore County: Arbutus (21227), Catonsville (21228, 21250), Cockeysville (21030, 21031, 21065), Dundalk (21222), Edgemere (21219), Essex (21221), Garrison (21055), Lansdowne (21227), Lochearn (21207), Lutherville (21093), Middle River (21220), Milford Mill (21244), Overlea (21236), Owings Mills (21117), Parkville (21234), Park Heights (21215), Pikesville (21208), Randallstown (21133), Reisterstown (21136), Rosedale (21237), Timonium (21093), Towson (21204), White Marsh (21162), Woodlawn (21207), and more.

    Carroll County: Eldersburg (21784), Finksburg (21048), Hampstead (21074), Manchester (21102), Marriottsville (21104), Taneytown (21787), Union Bridge (21791), Westminster (21157, 21158), Mount Airy (21771), New Windsor (21776), Sykesville (21784), Woodbine (21797), Taneytown (21787), and more.

  • Washington, DC and Northern Virginia

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5515 Hudson Drive
Sykesville, MD 21784
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