CFO Source Blog

Why Online Payroll Service may not be Right for your Business

May 19, 2016

There is no business in the world that makes money off of their payroll services division. This is simply a part of the business that has to exist in order to make sure that the employees are paid. However, there are probably many business owners out there that wish they did not have to worry […]

New eBook Release Available: Advanced Techniques for the QuickBooks User

January 2, 2015

CFO Source is proud to be able to now offer their popular training class, “Advanced Techniques for the QuickBooks User” as an eBook to enjoy in your own home or office! We’ve spent years developing the curriculum that we teach our students, but sometimes due to scheduling or cost, it can be difficult to attend […]

Year-end Tax Planning Tips for 2014

December 23, 2014

We are already half-way through the final quarter of the year—this means another tax year is wrapping up for your business. Have you taken any measures to get your business finances in order before the end of 2014? There are a few things you can do to make your taxes more or less predictable, and […]

5 Business Cash Leaks to Eliminate in 2015

November 23, 2014

What’s your New Year’s resolution? How about spending smart and saving money? As your business keeps growing, it becomes more and more difficult to stay on top of the cash flow. Actually, it’s not even cash—the money comes in and out of your bank accounts without any physical contact with your pockets. Software like QuickBooks […]

Health Insurance – What the IRS Can and Cannot Do

November 5, 2014

To Buy or Not to Buy To help you decide whether you should buy health insurance, you should know the following: IRS is limited in its collection activities if YOU choose NOT to buy health insurance. You will be financially penalized (taxed), but the IRS Can NOT lien or levy against your assets. Nor can […]

Why and When Outsourcing a CFO Makes Sense

October 23, 2014

When it comes to managing you business’s finances you have several options: do it all yourself, hire someone or outsource. And if you run a fairly large business, combining the roles of a CEO and a CFO is likely not in your best interest. You already do an important job of choosing the right direction […]

5 Payroll Mistakes And How to Avoid Them

September 23, 2014

Payroll systems have come a long way in the past 10 years. Depending on the type of your business, there might be no need to manually enter the hours worked thanks to the time-tracking tools integrated with the payroll software. And with the direct deposit function, you don’t have to print paper checks anymore. It […]

How Tax Planning Can Save You Money

August 23, 2014

April is still far away, so you don’t have to worry about taxes just yet, right? Wrong! The sooner you start to plan ahead, the more savings you can expect in the future. Even if your business claimed all possible credits and deductions last year, there could always be something you can improve. As your […]

Press Release: CFO Source Partners with MACPA

July 2, 2014

CFO Source Partners with MACPA to Offer Advanced Techniques for QuickBooks Users State Accounting Organization Turns to Author of “Advanced Techniques for QuickBooks Users” to Lead Newly Created Course Eldersburg, MD: June 11, 2014 – CFO Source, the leading outsourced provider of cost effective, expert, profit-driven accounting services announced today that they have teamed up […]

Financial Tips for Start Up Businesses

June 25, 2014

Figure out what your breakeven sales figure is – Determine fixed costs and variable costs. Can you generate enough sales to cover costs and make a profit? Price your service to make a profit, not break even. Don’t leave $$ on the table. Get an accountant to set up your books and do your taxes […]