This page lists bookkeeping and accounting firms that serve home-service and trades businesses such as HVAC, plumbing, electrical, roofing, landscaping, and general contracting in Germantown, MD. Each entry summarizes the firm based on its own website, and notes when a firm serves the area remotely rather than from a local office.
Firms listed: 2.
CFO Source #
Website: https://www.cfosource.net
Phone: 443-487-7733
CFO Source is a Maryland accounting and business services firm located at 5515 Hudson Drive, Sykesville, MD 21784. According to its website, the firm serves businesses throughout central Maryland and the Baltimore area, and its published list of regions served includes Germantown, within Montgomery County, among the communities it covers. While the firm’s office is in Sykesville rather than in Germantown, its site presents Germantown as one of the many Maryland locations it serves. The firm describes itself as providing complete end to end business assistance, combining CFO, accounting systems, and tax services with one on one help.
The firm’s services are grouped into several areas. CFO services are described as including financial evaluation, contract review, risk management, and on-demand senior level financial advice intended to give business owners the benefit of a CFO without the overhead of a full time hire. The site describes outsourced CFO services as tailored to streamlining financial processes, improving profitability, and supporting growth. Business guidance services are described as covering decision making, controller services, and business coaching, and the firm also lists bank relations services such as obtaining financing, negotiations, and gaining funding.
CFO Source places significant emphasis on contractors and the construction industry. The site states that, during more than 25 years of providing CFO and accounting services, the firm has developed experience working with contractors, and it states that the firm authored a book on QuickBooks for contractors. The firm describes itself as able to provide insight to contractors on QuickBooks, cash flow, accounting, and estimating. Its QuickBooks for contractors guidance is described as covering paving contractors, painting contractors, construction companies, and building contractors, among others. This reflects a defined focus on construction and trades businesses.
QuickBooks services form a major part of the firm’s offerings. The site lists QuickBooks ProAdvisor services, QuickBooks consulting, training courses, installation and setup, cleanup, custom reports, and ongoing support. The firm states that its team are Certified Public Accountants and notes that it teaches courses for the Maryland Association of CPAs. The site also references educational materials, including an advanced QuickBooks techniques resource and a QuickBooks for contractors book.
The firm’s accounting and tax services are described as helping clients maximize profitability, minimize taxes, and find capital. Accounting services listed include Maryland payroll services, QuickBooks services and training, bookkeeping services, and tax preparation. Tax services are described as including tax preparation, tax planning, and annual planning, along with assistance for new business entities. The site frames outsourced accounting as a way for owners to avoid costly mistakes and hidden costs, and it lists benefits such as improved data security, direct deposit, more informed decision making, reduced overhead, and access to a range of services.
The website describes the firm’s approach as building personal relationships with clients and taking a hands on approach. It states that the firm has more than 25 years of experience helping clients grow. The site includes client testimonials, including one attributed to Charles Weiss, president of Scaffold Resource, who describes the firm’s review of financing and creation of data analysis tools for job profitability, and one attributed to Bill Moss, executive director of The Linwood Center, who describes training of an accounting manager during a conversion to QuickBooks. These statements are presented as client comments on the firm’s site.
CFO Source publishes a list of regions served that spans Frederick County, Howard County, Montgomery County, Baltimore County, and Carroll County, along with Washington, DC and Northern Virginia. The Montgomery County listing names Germantown among the areas covered. The firm offers a complimentary analysis to businesses considering CFO or accounting support and provides a contact form, phone number, and email on its site. For businesses in Germantown and across central Maryland, particularly contractors and construction companies, CFO Source presents itself as a provider of outsourced CFO services, QuickBooks consulting and training, accounting and bookkeeping, payroll, tax planning and preparation, and business and banking guidance.
Toone & Associates, LLP #
Website: https://www.toonetax.com
Phone: (240) 720-6000
Toone & Associates, LLP is an accounting firm located at 8 Granite Place #34, Gaithersburg, MD 20878. According to its website, the firm also maintains a location in Virginia at 1934 Old Gallows Road, Suite 350, Vienna, VA 22182, described on the site as a Tysons Corner location. While the firm’s Maryland office is in Gaithersburg rather than in Germantown, both communities are in Montgomery County, and the firm presents itself as serving businesses and individuals in the area. The site states that the firm is licensed in Maryland and specializes in accounting.
The firm describes itself as one of the leading firms in the area and states that it provides outstanding service through a dedication to professionalism, responsiveness, and quality. It states that each client receives close personal and professional attention by combining the firm’s expertise, experience, and staff. These characterizations are presented in the firm’s own words on its site. The firm states that it provides total financial services to individuals, businesses of various sizes, and other agencies.
Toone & Associates organizes its work into tax services, business services, tax problem resolution, and industry focused work. On the tax side, the site lists individual tax preparation, tax preparation for businesses, tax planning, and estate and trust tax services. Business services listed include small business accounting, bookkeeping services, financial planning for businesses, strategic business planning, new business formation, services for non-profit organizations, and litigation support. The firm describes its business services as taking care of a client’s business so the owner can return to running it.
A substantial portion of the firm’s site is devoted to tax problem resolution and IRS representation. The services listed in this area include IRS audit representation, handling of non-filed tax returns, back taxes owed, payroll tax problems, IRS liens, IRS levies, IRS wage garnishment, IRS seizures, offer in compromise, IRS payment plans, bankruptcy, and innocent spouse relief. The site frames these services as helping clients resolve tax problems.
The firm presents construction as a focused industry. Its construction page states that the construction industry faces a unique set of challenges, including insurance and bonding requirements, labor issues, and a competitive bidding process that varies from contract to contract. The site states that the firm works with construction management firms, general contractors, subcontractors, residential developers, and businesses in the construction related trades, and that it stays current on tax law changes affecting the construction industry. It notes that the firm maintains relationships with third party professionals including real estate professionals, attorneys, and bankers, and prepares financial documents needed to obtain financing from creditors, banks, suppliers, and bonding companies.
The construction accounting services listed on the site include financial statements such as reviews, compilations, and audits; review and implementation of financial reporting systems; review of internal project controls; contractor dispute resolution; construction audits; tax return preparation; payroll; and business valuation and succession planning. The firm states that it offers a range of services for construction clients from mergers and acquisitions and strategic planning to financial reporting compliance. This reflects a defined focus on contractors and construction trades among the firm’s clients.
The firm names additional industries it serves, including dentists, healthcare, law firms, hospitality, manufacturers, and real estate. Its site references resources such as a client portal, a secure file sharing tool, a monthly newsletter, financial calculators, a tax center, and an online invoice payment option. The site provides the firm’s phone number and email contact and includes contact forms for prospective clients.
For businesses and individuals in Germantown and the surrounding Montgomery County area, including contractors and construction businesses, Toone & Associates, LLP presents itself as a Maryland licensed accounting firm based in nearby Gaithersburg. The services grounded on its site include individual and business tax preparation and planning, small business accounting and bookkeeping, new business formation, estate and trust tax work, IRS representation and tax problem resolution, and a defined construction accounting practice.