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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5 tips to help you deal with student loan debt. https://bit.ly/35j7zbT
financialhotspot.com 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.
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. https://bit.ly/3eWwc26
thebalance.com How to frugally organize your finances by setting goals, tracking your spending, creating a sound budget, and determining your net worth.
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. https://bit.ly/3fxRTGA
investopedia.com 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.
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. https://bit.ly/30sYJ9T
investopedia.com Young adults today face a bewildering array of investment options and must take caution when being sold products or services.
Afraid you might have your identity stolen? Find out one way you can avoid this here: https://bit.ly/2D5p16X
financialhotspot.com Check out the benefits of using cash instead of cards and how it can help you stay inside your budget.
While the basic steps to building wealth are simple to understand, they can be more difficult to follow. https://bit.ly/2G3cNNZ
investopedia.com Building wealth is easier if you take it one step at a time. Here are three simple steps to building wealth.
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". https://bit.ly/2E2PeH2
nerdwallet.com 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.
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. https://bit.ly/3fPk2sE
businesstown.com 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.
Attention class of 2020! The federal government gave you a graduation present: interest-free forbearance during your student loan grace period. https://bit.ly/39pTU5z
thepennyhoarder.com 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 ...
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. https://bit.ly/2UkQtq8
financialhotspot.com 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!
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. https://bit.ly/32B2Bs2
businesstown.com Old habits may die hard, but you are going to need to kick these seven habits if you want to be a successful entrepreneur.
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. https://bit.ly/2WAhdEk
moneycrashers.com 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.
If your tax situation changes this year, you could get stimulus money if your 2020 return shows that you’re eligible. https://bit.ly/2E2XIOp
thepennyhoarder.com 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...
Cash flow is one of the most critical components of success for a small or mid-sized business. https://bit.ly/32LSsJo
inc.com From the basics, to tips on how you can improve it, here is everything you need to know about cash flow management.
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! https://bit.ly/2CvgYDL
financialhotspot.com If you run your own business time is precious. QuickBooks can automate many tasks, saving you time and money!
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. https://bit.ly/3jnTTne
thepennyhoarder.com 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.
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: https://bit.ly/32CQ73m
moneycrashers.com 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.
Working from home? Here are some great tips to follow: https://bit.ly/2O9mX41
blog.hubspot.com Here are some real tips for supercharging your productivity while working from home.
Have you ever wondered how long should you keep old tax returns? Here's some info: https://bit.ly/32CPEhC
forbes.com 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.
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. https://bit.ly/3hkLgIg
financialhotspot.com Investing in stocks can be a great way to create passive income. Here are some tips to help you get started right.
Do you know all the ways an accountant can benefit a small business owner? Here's a list! https://bit.ly/3gxzJEL
thebalancesmb.com 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.
Negotiating? According to experts, there are several strategies that can help you get a better deal for yourself despite a lack of leverage: https://bit.ly/3jsQm6Z
inc.com There are ways to maximize your leverage even if your hand is relatively weak.
Will Social Security benefits for baby boomers take a hit? https://bit.ly/2CDfcjL
forbes.com 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.
Here are some of the different situations you might find yourself in during retirement, and the various taxes or exemptions that affect them. https://bit.ly/39aNRlf
financialhotspot.com Here are some helpful tips about filing for taxes when you are retired.
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. https://bit.ly/3ewDPf9
creditkarma.com Many millennials are saying ‘I do’ to keeping their finances separate after marriage — but this means they may be filing taxes separately, too.
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... https://bit.ly/3eXmCwZ
thebalancesmb.com 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.
Unemployed? Here are 11 tax tips you should know about. https://bit.ly/306SgkI
forbes.com 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.
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. https://bit.ly/2E6Tl4N
groundfloorpartners.com Learn how to make better business decisions. Understand how confirmation bias can lead you down the wrong path. Read the full business article.
Many things are changing due to the COVID crisis, is how we think about retirement one of them? https://bit.ly/3ez9b4N
forbes.com 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
Here’s what could be going on if you’re still waiting and wondering “where is my tax refund?” https://bit.ly/3fyvB7o
thepennyhoarder.com 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...
So you think you might want to start your own business? Here are a few things you should know before you start: https://bit.ly/3jwMn9C
thebalancesmb.com 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.
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.
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.
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.
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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It’s never too soon to plan for retirement.
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