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 Having A Part Time CFO Can Benefit Your Business

August 22, 2024

Examples of How We Earn Our Keep Why Recording Deposits Twice Can Cost You In reviewing a client’s books we noticed a deposit for about $65,000 from five months earlier that never showed up as a deposit at the bank. Turns out the deposit had been recorded twice, one was the correct account and the […]

What is a CPA and Do I Need One?

March 5, 2023

A Certified Public Accountant, or CPA, is a professional who is licensed to practice accounting in their respective state after completing a rigorous education and examination process. They provide various accounting and financial services, including tax preparation, financial planning, audit, and assurance services. At CFO Source, we’ve been providing Marylanders with our CPA services for […]

What Does a CFO Do?

December 21, 2022

There’s a lot that goes into running a business, and the most successful businesses split all of the different duties and responsibilities into multiple positions. One of the most common roles found in businesses is the Chief Financial Officer (CFO), but what exactly does a CFO do? If you’re just starting, looking to expand your […]

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 […]

Does My Business Need a Part-Time CFO?

October 17, 2022

In every business, from small startups to large multinational corporations, the CEO has to figure out how to juggle many tasks with limited resources, including things a CFO typically handles. While plenty of small businesses can benefit from having a CFO, hiring a full-time one is often an unaffordable luxury. That’s when hiring a part-time […]

5 Questions to Ask Your New Bookkeeper

September 15, 2022

Good bookkeeping is essential to running a successful business, and the easiest way to ensure good bookkeeping is to work with a professional and quality Maryland bookkeeper. At CFO Source, we’ve helped a lot of Maryland small business owners with their accounting. The process of hiring a new bookkeeper can be stressful, so we wanted […]

What Contractors Should Know About QuickBooks

May 4, 2022

QuickBooks is a very useful business tool and software that many contractors know about. QuickBooks can provide you with a variety of different tools and can greatly benefit your business. At CFO Source, we’ve been providing business owners in Maryland with our QuickBooks services for years, and we wanted to share a few insights that […]

How Can a QuickBooks Consultant Help an Independent Contractor?

August 2, 2021

Here at CFO Source, we have been providing Marylanders with our QuickBooks services for years and have helped hundreds of independent contractors and Maryland small business owners, and we can help you too. We wanted to take some time today to talk about how your business can benefit from using QuickBooks and working with a […]

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 […]

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