Accounting Done For You

Don’t Waste Your Valuable Time on Accounting and Finances… Give Yourself Time to Do What You Do Best – Go Out and Get More Clients!

Most small business owners waste valuable time attempting to manage finances and keep up the accounting end of their business when the time could be far better spent focusing on the service or the clients your business specializes in.

The successful small business owner knows that spending more time on work means generating more profit. Leave the tedious, time-consuming job of bookkeeping and accounting to the professionals!

Offering Accounting for clients in D.C., Maryland, and Northern Virginia.

Monthly or quarterly, depending on the size of your business and your specific needs, we will take care of the following accounting and bookkeeping services, which benefit your business in the following ways…

Bank reconciliation

Identify lost checks, lost deposits, or unauthorized wire transfers.

Detect and prevent embezzlement of funds from within your business.

Track your business growth and manage your cash effectively.

Protect yourself from bank errors, fraudulent checks, and other financial crimes directed toward your business.

Income statements

We will provide you with regular profit / loss statements that will help you track the operating costs of your business.

Understand what areas of your business are over / under budget and identify the specific areas that need attention to keep your business profiting.

Track increases in product sales or returns as a percentage of your sales.

Determine your current tax liability.

General ledger management

We can help you set up a general ledger system, or identify problems with your current ledger system, that will allow you to eliminate discrepancies and maintain accurate records for your business.

Balance sheets

Gives you a snapshot of the financial health of your business at any given point of time.

Identify and analyze trends in receiving and payables and take prompt action to keep those trends going in a direction beneficial to your company.

Balance sheets, along with income statements, are the single most important elements for reporting to potential lenders and investors.

We can also customize our service to you by adding…

UNLIMITED CONSULTATIONS.

Payroll management.

Tax planning and preparation.

Any number of a wide variety of financial services that would benefit your business.

Let Us Help:

Season’s Greetings From CFO Services Group

Season’s greetings from the CFO Services Group team. For you and me both, this week can feel like a blur – balancing the holiday rush with the administrative wrap-up of the year.And while it’s rather fast-paced here at CFO Services Group, I always do my best to...

What Are The Year-End Tax Moves to Make Now For DMV Business Owners?

Key TakeawaysIt’s not too late to create meaningful savings with these year-end tax moves to make now, but your options are very timing-sensitive. Low-cost, in-stock equipment and supplies are the most realistic last-minute purchases that can still be deducted...

Big Beautiful Bill Details DMV Business Owners Might Have Missed

(Disclaimer: These are things you want to be discussing with your tax professional more in-depth, so you’re making a plan that’s right for your business.)Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025...

Can DMV Investors Use Losses To Lower Capital Gains Federal Tax?

Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct up to $3,000 against ordinary income ($1,500 if married filing separately). Unused losses carry forward...

What Payroll Checklist Steps Do DMV Business Owners Need to Complete for Clean Data?

Key TakeawaysFocus on data integrity. Ensure payroll wages, taxes, benefits, and GL postings are clean, consistent, and reconciled. Your tax preparer depends on one crucial “three-way match”: W-2 totals, Form 941 totals, and the General Ledger wage expense should...

DMV Small Business Holiday Expenses: What Can I Deduct On Taxes?

Key TakeawaysCompany-wide holiday parties for employees (categorized as Employee Recreation/Entertainment) are generally 100% deductible, but confirm with your CPA. Meals with clients must be logged separately as Client Meals. Your tax preparer will apply...

Manny Cosme’s Perspective: What Are The Most Important Cybersecurity Measures for Small Businesses?

Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data regularly with secure cloud services or encrypted physical backups. Encrypt everything so stolen data is useless...

Can End-Of-The-Year Giving Mean Tax Deductions For My DMV Business?

Key TakeawaysWhen your business gives back, make sure it’s documented correctly so your tax professional can secure any potential tax benefits. Charitable contributions to qualified 501(c)(3) organizations can be deductible. Marketing-related...

Why Cash Flow Management Is Important At Year-End in Your DMV Business

Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of...

The Work Opportunity Tax Credit: Year-End Hiring Benefit for DMV Businesses

Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce Agency (SWA) within 28 days of the new employee’s start date. The potential tax savings can be worth up to $2,400 per...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!