Pitfalls of Do it Yourself Bookkeeping

August 2, 2022

One of the key areas business owners tend to target when trying to cut costs is bookkeeping. But to have a successful business, you need to know where your money is coming from and where it’s going. Bookkeeping isn’t as simple as it seems, and if done incorrectly, it can end up costing you more […]

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Getting the Money You Need to Run Your Business

May 3, 2018

  Starting a new business is a lot of work, and coming up with the financing you need is a big part of the process. Whether you are hoping to build a large business or a small business, you’ll likely need some capital to get started. There are several things you can do to gain […]

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Why Complete a Financial Stress Test?

March 5, 2018

Small business owners are often looking for ways to grow their business, increase sales, expand services, etc. But rapid growth comes at a cost, and without being properly prepared you could end up with a mess on your hands. By completing a financial stress test you can quickly and efficiently discover potential areas of struggle, […]

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Where to Start Growing your Company

July 13, 2017

If you run a small business and are looking to expand, it can be hard to know where to begin. By developing a smart business expansion plan, you can save yourself time and money. Being strategic in your business can help you grow while increasing your customer base and increasing your profits. Let’s look at […]

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How Much Should you Pay Yourself?

April 27, 2017

As a Maryland CFO service, we work with a wide variety of businesses. One of the most common questions we receive from small business owners and start-ups is how much a business owner should pay themselves. Here are some tips to help you figure out the answer. How Much do you Want? When figuring out […]

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7 Tips to Maximize Profitability in Your Business

March 27, 2017

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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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 […]

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