Berg Faircloth & Company

Berg Faircloth & Company

Built on a solid foundation of excellent client service and in-depth market knowledge, Berg Faircloth strives to develop a relationship with each client to foster a greater understanding of your needs and objectives while maintaining the ethical standards

Berg Faircloth is built on a solid foundation of excellent client service and in-depth market knowledge. We strive to develop a working relationship with each client to foster a greater understanding of your needs and objectives while maintaining the ethical standards of our profession. We provide tax and accounting services for individual and business clients.

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Key Tips About Student Loan Debt |

5 tips to help you deal with student loan debt. With the student loan debt now surpassing credit card and auto loan debt, it is more important than ever to take precautions and prepare as much as possible.

With a Little Effort, It's Easy to Start Organizing Your Finances

Achieve your financial goals by organizing your finances properly. In order to get ahead, you need to think about these 4 simple steps: determine your net worth, set financial goals, track your spending and create a budget. How to frugally organize your finances by setting goals, tracking your spending, creating a sound budget, and determining your net worth.

What Is Your Money Personality Type?

Five common money personalities are investors, savers, big spenders, debtors, and shoppers. Understanding your money personality is the first step to help you shape your approach to spending, saving, and investing. Your money personality type helps you shape your approach to spending, saving, and investing. Find out how to adapt to your type.

Keep tabs on your financial accounts by setting alert notifications. Some of the notifications you should turn on are: unusual activity alert, cleared check, low balance and mobile deposit.

The Best Investments for Young Adults

Young investors today who wish to begin a savings plan face a bewildering array of investment options. Fortunately, deciding which types of investments are best is not as hard as it may seem. Young adults today face a bewildering array of investment options and must take caution when being sold products or services.

Cash or Credit: Which Is Best? |

Afraid you might have your identity stolen? Find out one way you can avoid this here: Check out the benefits of using cash instead of cards and how it can help you stay inside your budget.

3 Simple Steps to Building Wealth

While the basic steps to building wealth are simple to understand, they can be more difficult to follow. Building wealth is easier if you take it one step at a time. Here are three simple steps to building wealth.

Budgeting for New Parents: How to Budget for Baby - NerdWallet

The secret to a successful budget for new parents is preparedness and flexibility. It is important to know your financial priorities and anticipate changing expenses when you build a "baby budget". The cost of a baby can run upward of $21,000 in the first year alone. We’ll help you create a baby budget, live on less, weigh financial priorities and more.

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Good and effective management of finances makes the difference between a business that continuously climbs the ladder of success and one that falls at the very first hurdle. From protecting against fraud to keeping the business paper-free, discover best practices owners of businesses of all sizes can use to manage their money.

4 Steps to Take Now to Reduce Your Student Loan Bill — Permanently

Attention class of 2020! The federal government gave you a graduation present: interest-free forbearance during your student loan grace period. Class of 2020, the federal government gave you a graduation present: interest-free forbearance during your student loan grace period. Perhaps it doesn’t sound as exciting as a pair of AirPods, but if you’re among the grads joining the ranks holding $1.54 trillion in student loan debt, then that ...

Tips to Get the Best Car Insurance Rates Possible |

Car insurance is a requirement in most states to register and drive a vehicle on public roads legally. Because it is mandatory, most of us approach selecting a car insurance provider and planning with dread, and often rush through it - which could cost us. You must have care insurance to drive in many states, but that doesn't mean you can't shop around for the best deal. Check out these tips and save!

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Why can’t everyone start their own successful business? It takes a special person with the right mindset to take what’s thrown at them and conquer the storm. Old habits may die hard, but you are going to need to kick these seven habits if you want to be a successful entrepreneur.

Top 5 Personal Finance Tips for Recent College Graduates

Life after college may not be the financial paradise you expected. In fact, you might be wishing someone had told you how complicated it was going to be. While you can’t go back in time, you can do your best to prepare for the future. Are you a recent college grad? Learn to be cautious with your money and think of the future and you'll be in a position to master your financial details.

7 Situations Where You Could Get More Stimulus Money in 2021

If your tax situation changes this year, you could get stimulus money if your 2020 return shows that you’re eligible. If your coronavirus check is long gone, you could have more stimulus money coming your way next year, even if Congress doesn’t do a darn thing. And if you didn’t qualify for a check this year, you could get one if you file a tax return next year that shows you’re eligible. [tph-quote style="bl...

How To Manage Cash Flow

Cash flow is one of the most critical components of success for a small or mid-sized business. From the basics, to tips on how you can improve it, here is everything you need to know about cash flow management.

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Here are some useful tips that can help you get the most out of QuickBooks while saving hours of time. And, as everyone in business knows, time is money! If you run your own business time is precious. QuickBooks can automate many tasks, saving you time and money!

8 Moves to Help You Retire Early — Even If You Don’t Make Six Figures

The equation for early retirement isn’t just mathematical. If you can commit to learning some basic personal finance concepts, changing behaviors and putting a little extra work in now, you can retire early. How much do you need to retire at 30, 40 or 50? Here’s how to retire early, even if you don’t make six figures.

21 Best High-Yield Savings Accounts – Interest Rates in 2020

If you have extra money in the bank, consider transferring to a high-yield savings account to accrue higher APY rate. See this list of recommended high-yield savings account for 2020: Learn more about the best high-yield savings accounts, relatively safe places to hold your hard-earned money and enjoy a competitive yield in the meantime.

How to Work From Home: 20 Tips From People Who Do It Successfully

Working from home? Here are some great tips to follow: Here are some real tips for supercharging your productivity while working from home.

How Long Do I Need To Keep Old Tax Returns?

Have you ever wondered how long should you keep old tax returns? Here's some info: Tax Day 2020 is July 15th. If you are staring at a stack of boxes of old tax documents you are not alone. Find out how long you are required to keep those annoying old tax returns.

6 Keys to Smart Dividend Stock Investing |

If you are looking for a way to create reliable passive income in your portfolio, investing in dividend-paying stocks could be a great option. Investing in stocks can be a great way to create passive income. Here are some tips to help you get started right.

21 Ways an Accountant Can Benefit Your Small Business

Do you know all the ways an accountant can benefit a small business owner? Here's a list! Thinking of hiring an accountant for your small business? Here is a list of common tasks completed by an accountant to decide if your small business needs one.

3 Tricks for Smart Negotiating When You're the One With Less Power

Negotiating? According to experts, there are several strategies that can help you get a better deal for yourself despite a lack of leverage: There are ways to maximize your leverage even if your hand is relatively weak.

Covid-19 Side Effect: Social Security Retirement Benefits For Boomers Born In 1960 Will Take A Big Hit

Will Social Security benefits for baby boomers take a hit? The culprit is the Average Wage Index and two obscure parts of the Social Security benefits formula. Will Congress act to fix this?

If you are on a path where you are paying down or eliminating debt and regularly saving money, you will want to create a plan to help you grow moving forward. Once you are on stable ground you could be ready to invest. Talking to an expert is a great idea to help you achieve your long-term goals.

4 Things Seniors Need to Know About Taxes During Retirement |

Here are some of the different situations you might find yourself in during retirement, and the various taxes or exemptions that affect them. Here are some helpful tips about filing for taxes when you are retired.

Many Married Millennials Keep Finances Separate, Credit Karma Survey Shows | Credit Karma

A recent survey shows that many millennials are opting to keep their finances separately from their spouse. If this is how you manage your money, keep in mind that this strategy could impact how you file your taxes. Many millennials are saying ‘I do’ to keeping their finances separate after marriage — but this means they may be filing taxes separately, too.

How to Pay Yourself as a Business Owner

It's common to hear business owners talk about "getting a salary" from their business, but that's not actually how most business owners get paid... Most business owners aren't paid a salary; they take money out of the bank account. This article gives details on how business owners are paid.

11 Tax Tips For The Unemployed During The COVID-19 Pandemic

Unemployed? Here are 11 tax tips you should know about. The amount that you can receive varies by state but typically works out to about half of your prior income for 39 weeks (pre-CARES Act, it was usually 26 weeks in most states).

Curbing spending can help clear debts, but it won’t alter your situation overall if you aren’t putting those funds to good use. Setting aside money for upcoming expenses or for emergencies will benefit you in the long run. Creating stability then putting your money to work will make all the difference in achieving your goals.

How to Make Good Business Decisions - Scenarios, Examples and Tips

Every business owner has to make tough decisions with uncertain outcomes. What can small business owners do to improve the quality and consistency of their decisions? Here are a few suggestions. Learn how to make better business decisions. Understand how confirmation bias can lead you down the wrong path. Read the full business article.

Retirement In The Age Of Coronavirus

Many things are changing due to the COVID crisis, is how we think about retirement one of them? Ken Dychtwald's new book, What Retirees Want, is a unique compendium of 30+ years of research on what boomers want in their later years. It was released today, July 15, and is a worthwhile read for individuals and entrepreneurs who want to cater to the needs of this dynamic generation

Still Waiting on Your Tax Refund? Here’s What You Can Do About It

Here’s what could be going on if you’re still waiting and wondering “where is my tax refund?” Chances are you’ve gotten a coronavirus stimulus check by now, but you may still be waiting on that other chunk of change the IRS owes you: your tax refund. The IRS says it’s still processing most tax returns and issuing refunds within 21 days. But as of May 29, the agency had processed 13.3% fe...

These Are the 7 Things That Every New Business Owner Should Know

So you think you might want to start your own business? Here are a few things you should know before you start: Being a new business owner comes with its share of hard work. Be sure to build a good foundation for success with this financial advice.

Consider looking into a well rounded insurance plan. Often times, it’s worth making room in your monthly budget for insurance payments rather than attempt to bounce back from the financial strain of paying for an emergency out of pocket. Also consider building a financial cushion by saving into an emergency fund to keep stability if you find yourself with unplanned expenses or a loss of income.

Our Story

For over 60 years Berg Faircloth & Company has enjoyed a reputation for highly personalized accounting services for business owners and individuals alike. We have passed-down a philosophy of superior client service and skill to each partner and member of our team. It is our mission to help clients enjoy better financial health and benefit from an organized tax and accounting strategy.

A Legacy of Quality Accounting Services in Leesburg

Our firm was founded by Eli Berg, who later promoted Oscar L. Faircloth to partner in 1963. Oscar’s son and daughter, Ricky L. Faircloth, PFS and Angela K. Wyrick, CPA, PFS were brought on and later made partners themselves in 1992 and 2001, respectively. Leadership in tax and accounting is a part of our family history and makes our firm truly unique. When you visit Berg Faircloth & Company, you can trust your finances will be handled by a team with a shared vision and passion for problem-solving and best-quality service.

Welcoming New Tax and Accounting Clients

Whether you are a business owner looking for improved tax and accounting strategies, or you need assistance with multiple income channels, our team is here to help. Your first consultation includes a review of your last two years’ worth of tax returns. For business owners, we take partnership interests into account and make them a part of the accounting strategy as well.

During this meeting, we make it a point to determine where clients can save money, how their tax strategy can be improved, or what proactive steps can be taken to increase compliance and reduce risk. We ensure your visit with our professionals is efficient and that we make the most of the time you have set aside to speak with us.

Where to find us

You can find our Leesburg accounting firm directly across the street from the Lansdowne Woods (formerly Leisureworld) and close to Inova Hospital - Landsdowne Campus. We welcome you to read more about our team and services on our website or contact our office today for a consultation!

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Berg Faircloth & Company
Berg Faircloth & Company



44135 Woodridge Pkwy Suite 200
Leesburg, VA

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
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