Intellisource Financial Services

Intellisource Financial Services Intellisource Financial Services offers customized accounting and tax services for small businesses in Northern Virginia.

Operating as usual

So long, summer! 😔As we head into this next season, we want to know: How is YOUR business doing? It's been a challenging...
09/04/2020

So long, summer! 😔

As we head into this next season, we want to know: How is YOUR business doing?

It's been a challenging 6 months — what wins are you celebrating? Share with us in the comments!👇

🙌
09/02/2020

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The housing market is HOT! 🔥Many first-time home buyers are making the most of the low interest rates and diving into ho...
09/01/2020

The housing market is HOT! 🔥

Many first-time home buyers are making the most of the low interest rates and diving into homeownership. But before you take the plunge, make sure you have your facts straight about tax implications.

The first-time home buyer tax credit implemented under the Obama administration doesn't exist anymore. BUT don't stress — there are other tax credits available!

Many states offer first-time home buyer programs — and many offer zero-interest loans and grant money to put toward a down payment.

NOTE: Some programs do have a maximum on income and property value in order to benefit lower-income buyers, and some require home buyer counseling classes to qualify. Still, a small price to pay for free money!

Bottom line: Before you buy, do a little research about what's available. And reach out to our team if you have questions!

Consider this your Monday morning reminder! You got this! 👊
08/31/2020

Consider this your Monday morning reminder! You got this! 👊

Starting to really get a handle on your expenses? Way to go, you! Now go enjoy the weekend — you deserve it!
08/28/2020

Starting to really get a handle on your expenses? Way to go, you! Now go enjoy the weekend — you deserve it!

Money management tip!💡Are you still hanging on to old receipts and creating complex spreadsheets to track your expenses?...
08/25/2020

Money management tip!💡

Are you still hanging on to old receipts and creating complex spreadsheets to track your expenses?

Simplify your finances and make things automatic! Most accounting software will now allow you to link your bank account and credit cards so that your expenses are tracked instantly.

Are you thinking of refinancing???Refinancing your debt can provide significant savings — especially when interest rates...
08/24/2020

Are you thinking of refinancing???

Refinancing your debt can provide significant savings — especially when interest rates are as low as they are right now!

Benefits of refinancing include:

👉 A more convenient payment structure after changing your loan terms
👉 Additional cash flow from lowered monthly payments
👉Changing the loan type from variable to fixed provides protection if rates are expected to rise

Interested in learning more? Send us a message today!

#novalocal #chantillyva #chantillyvirginia #fairoaksva #fairlakesva #fairfaxlocalbusiness #fairfaxstation #fairfaxfinanceteam #accountinglife #accountingtips #accountingproblems #accountingandfinance #accountingservice #accountingislife #financialaccounting #accountingadvice #accountingsolutions #accountingforlife #certifiedpublicaccountant #certifiedpublicaccountants #refinancing #novarealestate

Happy clients make us happy! 🤗 Thanks for the kind words!⁣
08/20/2020

Happy clients make us happy! 🤗 Thanks for the kind words!⁣

❗Fact: The S&P 500 Index has returned 5% so far in 2020, despite a global pandemic and one of the sharpest economic cont...
08/18/2020

❗Fact: The S&P 500 Index has returned 5% so far in 2020, despite a global pandemic and one of the sharpest economic contractions since the Great Depression.⁣

So, what's the disconnect?⁣

Let's look at the facts, shall we?⁣

Higher stock prices during recessions are not out of the ordinary. And the S&P 500 is very different from GDP that we use to measure the output of the US economy. ⁣

📈The S&P 500 is more manufacturing driven, while GDP is more services driven. ⁣
📈The S&P 500 is more investment driven than consumption driven.⁣
📈The S&P 500 is global, while GDP is domestic.⁣
📈The S&P 500 likes higher oil, while GDP likes cheaper oil.⁣

The next leg of the recovery may still be a bumpy one. Although we expect a COVID-19 vaccine by year-end, it may take additional time to find one that’s safe and effective for everyone. This will have an impact — both on our well-being and our economy.⁣

Every company needs a strong financial leader. ⁣ ⁣A qualified CFO should communicate effectively and provide accurate, u...
08/17/2020

Every company needs a strong financial leader. ⁣

A qualified CFO should communicate effectively and provide accurate, up-to-date insight into your company’s financial performance.⁣

That's where Intellisource Financial comes in.⁣

We have the knowledge and experience to be that leader and advisor. ⁣

Together, we work with you to develop a deep understanding of your business and become an integrated member of your team so you can reach your financial goals. ⁣

At the CFO level, we can:⁣

✅ Provide oversight of financial records⁣
✅ Analyze business opportunities⁣
✅ Develop and deploy strategic plans⁣
✅ Develop budgeting and cash forecasting models⁣
✅ Provide financial reporting and analysis⁣
✅ Advise and assist in securing business loans⁣

https://www.intellisourcefinancial.com/

Summer travel looks a little bit different this year. ⁣⁣But that doesn't mean we can't enjoy a little staycation. ⁣⁣What...
08/14/2020

Summer travel looks a little bit different this year. ⁣

But that doesn't mean we can't enjoy a little staycation. ⁣

What's your favorite local vacation spot? Share in the comments below!⁣

Are you, or someone you know, feeling financially stressed? ⁣⁣The CARES Act (passed earlier this year in response to COV...
08/13/2020

Are you, or someone you know, feeling financially stressed? ⁣

The CARES Act (passed earlier this year in response to COVID-19) allows taxpayers eligible for coronavirus-related relief to take withdrawals from qualified IRAs and retirement plans.⁣

❓ Can I get money from my retirement account now?⁣

Individuals eligible for coronavirus-related relief may be able to withdraw up to $100,000 from IRAs or workplace retirement plans before December 31, 2020, if their plans allow. In addition to IRAs, this relief applies to 401(k) plans.⁣

❓Can I take out a loan?⁣

Individuals eligible to take relief withdrawals may also, until September 22, 2020, be able to borrow as much as $100,000 (up from $50,000) from a workplace retirement plan, if their plan allows. Loans are not available from an IRA.⁣

To find out if you're eligible or for more information, send us a DM today!⁣

The trusty Profit and Loss statement. ⁣⁣⁣⁣Not exactly the most exciting document in the world, but necessary nonetheless...
08/10/2020

The trusty Profit and Loss statement. ⁣⁣
⁣⁣
Not exactly the most exciting document in the world, but necessary nonetheless. ⁣⁣
⁣⁣
Why? Your P&L measures and reports your expenses and revenue during a specific period of time. ⁣⁣
⁣⁣
It also helps you: ⁣⁣
⁣⁣
1. Make wiser business decisions ⁣⁣
⁣⁣
2. Have concrete evidence of your success ⁣⁣
⁣⁣
3. Prepare for filing your taxes. ⁣

Need help understanding or preparing your P&L? ⁣⁣ We can help!⁣⁣

⁣It's been a rollercoaster of a year — and it looks like the second half of 2020 will continue to be a wild ride!⁣⁣👉 It ...
08/05/2020

⁣It's been a rollercoaster of a year — and it looks like the second half of 2020 will continue to be a wild ride!⁣

👉 It appears stocks may have gotten ahead of themselves in the short term and the recent volatility may be the start of the pullback we've been anticipating.⁣

👉 Weekly jobless claims are seeing an uptick for the first time in 16 weeks, providing evidence that the recovery might be slowing.⁣

👉 We still anticipate additional stock gains later this year, but we expect them to be more modest due to COVID-19 uncertainty.⁣

Bottom line: The trajectory of the economic recovery is uncertain, but we'll continue to look to — and plan for — a bright future.⁣

No chance we're going to miss out on #nationalchocolatechipcookieday ⁣⁣Do you like your chocolate chip cookies soft and ...
08/04/2020

No chance we're going to miss out on #nationalchocolatechipcookieday ⁣

Do you like your chocolate chip cookies soft and chewy? Or flat and crispy? (Spoiler alert: There is no wrong answer!)⁣

⁣As a small business owner, how many hours a week do you spend worrying? ⁣⁣Worrying about inconsistent cash flow, accoun...
08/03/2020


As a small business owner, how many hours a week do you spend worrying? ⁣

Worrying about inconsistent cash flow, accounts payables, unforeseen expenses... ⁣

Now think about this: Has all that worrying provided a solution? Or has it just given you a headache?⁣

To stop the vicious cycle, start by taking action — and having someone by your side.⁣

Our small business accounting package was designed just for you and includes: ⁣

✅ A bookkeeper to handle all of your AR/AP and weekly reconciliations.⁣

✅ A CPA-certified accountant that will review and prepare monthly financial reports.⁣

✅ All of your federal, state, and local taxes done.⁣

If you could take one worry off your plate when it comes to your business, what would it be? Let me know in the comments!👇⁣

At Intellisource, we're about more than just the numbers.⁣⁣When you choose to work with us, you gain access to the best ...
07/31/2020

At Intellisource, we're about more than just the numbers.⁣

When you choose to work with us, you gain access to the best service and the highest quality results — all through a long-term partnership. ⁣

Our team of CPAs and accounting experts bring a wide breadth of experience to the firm, having worked for more than 25 years in both the private and public accounting sectors. ⁣

This perspective enables us to know how to best leverage, structure, and manage financial information to help you make sound decisions that will successfully impact your business.⁣

You just filed your taxes ... now what???🙄⁣⁣Here are a few things to think about:⁣⁣👉 Are you in a lower tax bracket than...
07/29/2020

You just filed your taxes ... now what???🙄⁣

Here are a few things to think about:⁣

👉 Are you in a lower tax bracket than last year? Consider a Roth IRA conversion for a piece, or all of your IRA.⁣

👉 Check the balance on your Flexible Spending Account — and make sure you're on track to use it. Many plans only allow you to carry over $500 into the next year while any unused money will be lost. ⁣

👉 If you received a refund, consider putting it into a 529 College Savings Plan for your children or grandchildren.⁣

👉 Take a look at your dividends on your tax return. Qualified dividends get better tax treatment than non-qualified. Are there ways to reposition your investments to get higher participation in qualified dividends?⁣

👉 The CARES ACT allows Required Minimum Distributions to be skipped this year, and withdrawals from your IRA may be made without penalty in some circumstances.⁣

If you'd like to discuss any of these actions in greater detail, call or email us today! ⁣

How do you manage the finances for your small business?⁣💻 ⁣⁣If you're not using an accounting software, it's worth consi...
07/28/2020

How do you manage the finances for your small business?⁣💻 ⁣

If you're not using an accounting software, it's worth considering — and there are plenty of options out there to help you organize expenses, bill clients, and keep an eye on your bottom line. ⁣

Our company is a Certified QuickBook Pro Advisor, so we're partial to QuickBooks, but you can also check out Xero, FreshBooks, and Wave — just to name a few!⁣

If you're not sure what software is best for your business, simply send us a message. We're always here to help.🤗

We're a little more than halfway through 2020 — and it's been a doozy of a year. ⁣ ⁣For small businesses hit by the impa...
07/27/2020

We're a little more than halfway through 2020 — and it's been a doozy of a year. ⁣

For small businesses hit by the impact of COVID-19, this is especially true. ⁣

Many have had to make adjustments to the way they do business — or shift their approach entirely. They've pivoted, relying on their creativity and entrepreneurial spirit to adapt to a business environment no one could have anticipated just six months ago.⁣

We all can learn something from these businesses. By embracing change and taking action, we can shift our 2020 goal from "survive" to "thrive." ⁣

What are you looking forward to in the second half of 2020?⁣

Don't look around! Stay focused! 😂
07/24/2020

Don't look around! Stay focused! 😂

Fact: To reach your long-term profit goals, you have to put in the work to properly manage and organize your finances. ⁣...
07/23/2020

Fact: To reach your long-term profit goals, you have to put in the work to properly manage and organize your finances. ⁣

Here are 5 tips to get your business started off on the right track:⁣

1. Track your income and expenses. This doesn't have to be complicated; use a simple spreadsheet or tracking program so you can easily see how much money you're bringing in and how much is going out. ⁣

2. Keep a separate bank account. Filter your income to that account and use it to pay your business bills. This will keep things clean and organized — a huge help during tax time.⁣

3. Decide how you'll receive payments. This will depend on what you're selling. Compare your options, look into added fees, and decide which option will work best for your business. ⁣

4. Sort hard copies and digitize them. There's a lot to be said for staying organized — and doing away with unnecessary paper receipts and statements can help. Digitize your documents and protect them with a secure 3rd party service.⁣

5. Schedule regular meetings with your CPA. Your income and expenses will fluctuate. Sitting down and looking at your finances on a regular basis will help keep you in check.⁣⁣

Accounting — not exactly the most exciting part of your business, but necessary nonetheless.⁣⁣In fact, a solid understan...
07/21/2020

Accounting — not exactly the most exciting part of your business, but necessary nonetheless.⁣

In fact, a solid understanding of your financial information is crucial to your success. But making sense of all the numbers and figures can be overwhelming. That’s where we come in. ⁣

At Intellisource, we provide custom services to help structure your financial foundation. We lay the groundwork and track, manage, and report the details — all in a way that makes sense so you can make smart, effective decisions for your business.⁣

Our offerings include:⁣

💸 CFO-Level and Management Services⁣
💸 Accounting Software Conversions⁣
💸 Vertical Expertise⁣
💸 Financial Accounting and Bookkeeping⁣
💸 Tax Services⁣

We're here to help. Send us a message to get started!⁣

We're at the midpoint of 2020 — and we’re keeping our eyes toward the future.⁣⁣⁣⁣Much of the real-time data we follow (t...
07/20/2020

We're at the midpoint of 2020 — and we’re keeping our eyes toward the future.⁣⁣
⁣⁣
Much of the real-time data we follow (transportation reports, home sales, jobless claims, etc.) shows tangible evidence that economic activity, while still depressed, is slowly making a comeback.⁣⁣
⁣⁣
Second-half growth headwinds that may linger well into 2021 suggest a swoosh-shaped trajectory: A quick, sharp decline and — after a small snapback — a gradual recovery over the next 12 to 18 months.⁣⁣
⁣⁣
Still, the path of the economy and markets will depend on how we handle COVID-19. Safely adjusting to our new normal will be key to our recovery — both from the global pandemic and the economic recession.⁣

It's Friday. 🎉 Taxes are done. 🎉 Time to sit back and relax.🍹What does your weekend look like?
07/17/2020

It's Friday. 🎉 Taxes are done. 🎉 Time to sit back and relax.🍹
What does your weekend look like?

Starting a new business? Here is a checklist of the first steps you should take! ⁣⁣✅ Conduct market research. ⁣⁣✅ Write ...
07/16/2020

Starting a new business? Here is a checklist of the first steps you should take! ⁣

✅ Conduct market research. ⁣

✅ Write your business plan.⁣

✅ Choose a business structure.⁣

✅ Choose your business name. ⁣

✅ Register your business. ⁣

✅ Get federal and state tax IDs.⁣

Call us if you're just getting started. We can help get you off the ground and answer any questions you have. 🤗⁣

Having trouble defining accounting processes? Is your accounting staff doing the job and yet no documentation exists to ...
07/15/2020

Having trouble defining accounting processes? Is your accounting staff doing the job and yet no documentation exists to support the process? What would happen if you lost your accountant and no one knew how to process a payroll check? ✅⁣

Intellisource Financial will help define the procedures your company uses and get them documented. This aspect of accounting is so important but is rarely done because of the time it takes to outline proper policies and procedures.⁣

Does your business have accounting processes in place? ⁣

Still have today! You've got plenty of time. 😆
07/14/2020

Still have today! You've got plenty of time. 😆

The tax filing deadline is July 15. The CARES Act provides valuable coronavirus-related federal tax relief measures for ...
07/09/2020
Here are the most important coronavirus-related federal tax relief measures to know ahead of the July 15 tax deadline

The tax filing deadline is July 15. The CARES Act provides valuable coronavirus-related federal tax relief measures for individuals and businesses. Check out this article for more info 👇intellis

https://www.marketwatch.com/story/the-most-important-covid-19-related-federal-tax-relief-measures-including-some-that-can-result-in-hefty-tax-refunds-2020-04-10?siteid=yhoof2&yptr=yahoo

Some of the new rules are retroactive back to 2013.

Did you know? Intellisource Financial is a Certified QuickBooks ProAdvisor and an expert in the leading software used by...
07/08/2020

Did you know? Intellisource Financial is a Certified QuickBooks ProAdvisor and an expert in the leading software used by construction companies (Masterbuilder), engineering and professional services firms (Deltek Vision), and government contractors (Navision). ⁣

Best of all, we’ll enable you to manage and utilize your financial data in ways that can both empower and improve your decision-making as a business owner.⁣

Happy 4th of July from all of us at Intellisource Financial Services. Have a fun and safe weekend!
07/04/2020

Happy 4th of July from all of us at Intellisource Financial Services. Have a fun and safe weekend!

Voltaire said, “History never repeats itself. Man always does.” ⁣⁣Given the stock market is driven by fear and greed, it...
07/02/2020

Voltaire said, “History never repeats itself. Man always does.” ⁣

Given the stock market is driven by fear and greed, it has very human-like qualities, which means history may be a guide for what may happen next. In March 2003, stocks hit a major low before a huge spike into early summer, when stocks consolidated—or sat on their gains—during the summer months, followed by an eventual move higher later in the year. ⁣

There was a very similar reaction in the summer of 2009 after the March 2009 bear market lows. So far in 2020 we’ve had the March lows and a huge rally, so historically, a summertime pullback or consolidation would be normal—and maybe even healthy.⁣

#intellisourcefinancial #smallbusinessaccounting #stockmarket #marketupdate #taxpreparation #financetips #smallbusinesssmart #smallbusinessowners #fairfaxva #oaktonva #herndonbusinesses #loudouncounty #southridingva #leesburgva #asburnva ⁣
#smartmoney #financialgoals #financialadvisor #financeman #finances #financeman #financequestion #financement #financehelp #financeaccounting #financecareer ⁣

Address

11208 Waples Mill Road, Suite 109
Fairfax, VA
22030

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

Telephone

+1 703-448-7307

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Financial help for small business

Intellisource Financial offers a full suite of financial accounting and tax services.

Our technical expertise and services offer business owners insight into their company’s financial activity and performance. We provide the analysis and reporting necessary for you — and others within your organization — to be able to make sound, timely business decisions.

We also offer a comprehensive range of tax services for individuals, corporations, S-corporations, Limited Liability Companies (LLC), partnerships, non-profits, and trusts.

Finally, if you need more than bookkeeping, Intellisource offers C-Level Services, developing a deep understanding of your business and becoming an integrated and highly trusted member of your team in order to provide strategic financial advice that will enable you to meet your growth and performance goals.

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