Intellisource Financial Services

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

Operating as usual

And who handles his accounting???🤔😉
12/21/2020

And who handles his accounting???🤔😉

At Intellisource, we offer affordable financial accounting services for the small team with BIG goals.⭐️Our comprehensiv...
12/17/2020

At Intellisource, we offer affordable financial accounting services for the small team with BIG goals.⭐️

Our comprehensive services are designed to help structure the financial foundation of your businesses and your projects. From there, we properly track, manage and report the details. Plus, we'll translate it all so you can make sense of the numbers and become a more effective decision-maker.

Our expert team provides:

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

Visit our website at the link in our bio to learn more about IFS and our full suite of offerings! If you have questions, send us a DM or give us a call any time.

www.intellisourcefinancial.com

Our commitment to our clients is our #1 priority! Thanks for the kind words and the continued support!😊
12/16/2020

Our commitment to our clients is our #1 priority! Thanks for the kind words and the continued support!😊

Has your bookkeeping gotten away from you?The new year is a great time to start practicing better bookkeeping habits! He...
12/14/2020

Has your bookkeeping gotten away from you?

The new year is a great time to start practicing better bookkeeping habits! Here are our top 4:

✳️ Update your books once a week. Doing a little bit of work each week will keep you from having to do it all at the end of the month.

✳️ Find financial software that works. The ideal system should be easy to use, eliminate/prevent data errors, and automate simple tasks such as invoicing.

✳️ Keep personal and business accounts separate. Mixing expenses makes it extremely difficult to track profits and losses, and it could cause you headache come tax time.

✳️ Compare your budget to the actual numbers every month. The only way to get an accurate picture of how your business is doing is to compare actual income and expenses against your budget. With that information in hand, you can course correct and fix little problems before they turn into big ones!

Outsourcing your bookkeeping is also a smart idea — and Intellisource Financial can help!

We offer a full suite of financial accounting services, including analysis and reporting, so you can make sound, timely decisions to better your business.

Send us a DM or give us a call for information — 703-448-7307!

So inconvenient.🙄What's your holiday spending plan? #oaktonva #herndonbusinesses #loudouncounty #southridingva  #leesbur...
12/11/2020

So inconvenient.🙄

What's your holiday spending plan?

#oaktonva #herndonbusinesses #loudouncounty #southridingva #leesburgva #asburnva
#financialplanninganalysis #financialplanningbusiness #finanacialplanningworks #financialplannindoneright #novalocal #chantillyva #chantillyvirginia #fairoaksva #fairlakesva #fairfaxlocalbusiness #fairfaxstation #loudouncountyva #southridingva

In the simplest of terms, overhead is what you pay to keep your business in business, not including what you spend to pr...
12/10/2020

In the simplest of terms, overhead is what you pay to keep your business in business, not including what you spend to produce goods or provide services.

While overhead costs are not directly linked to profit generation, they still support profit-making activities.

Some examples include:

👉 Rent
👉 Utilities
👉 Insurance
👉 Office Supplies
👉 Salaries & Wages
👉 Government Fees
👉 Property Taxes

Accurate calculation of overhead expenses will have a major impact on the long-term success of your business, so keep good records and evaluate your overhead on a regular basis.

As we round out the year, it's important to stay vigilant and focused on your future financial goals! 🙌✅  Make sure you'...
12/09/2020

As we round out the year, it's important to stay vigilant and focused on your future financial goals! 🙌

✅ Make sure you're making the most of your retirement contributions. (As of 2020, there are no longer age limits for contributing to traditional and Roth IRAs.)

✅ Plan ahead for gift tax exemptions. (At the end of 2025, the $11.58 million federal estate gift tax exemption will revert to $5 million adjusted for inflation, although a reduction could happen sooner.)

✅ Understand the estate taxes where you live. In the case of a death, the surviving spouse is generally exempt from taxes. But when the spouse passes, beneficiaries may owe taxes.

✅ Consider a Roth IRA conversion to protect part or all of your retirement savings against potential future tax rate increases.

Together, we can work to end this year smoothly. Feel free to reach out with any questions or to schedule an appointment today!

Are you thinking of donating to a charity or cause this holiday season?🎁While it always feel good to give back, this yea...
12/08/2020

Are you thinking of donating to a charity or cause this holiday season?🎁

While it always feel good to give back, this year there are tax advantages, too!

The CARES Act, which was signed into law in the spring, includes a new special deduction for charitable contributions. People who take the standard deduction in 2020 — $12,400 for single filers and $24,800 for married-filing-jointly — can claim a deduction of up to $300 in charitable donations! Everyone wins!

What is your favorite holiday charity? Tag them below!👇

Businesses that fail to plan are planning to fail. Take this time at the end of the year to get your income taxes in ord...
12/04/2020

Businesses that fail to plan are planning to fail.

Take this time at the end of the year to get your income taxes in order and jump-start your business planning for 2021.🤓

✅ Organize your books. You have to get this step done before you can do anything else, so hire a bookkeeper or an accountant to help if necessary.

✅ Determine the current state of your finances, your goals from the last year, and your tax strategy. Talk to a professional about which tax strategies would be best for your personal and business needs.

✅ Set next year's goals and prepare an action plan. And remember: Your targets for the year should line up with your bigger, long-term business objectives.

✅ Prepare your tax documents! If you work with an accountant, ask them what key records they need to prepare your income tax.

If you need help with any of your end-of-year prep, give us a call or send us a DM!

It's time to settle to great holiday debate!🎄White or colored lights??? Share your pick in the comments below! 👇
12/03/2020

It's time to settle to great holiday debate!🎄

White or colored lights???

Share your pick in the comments below! 👇

Paycheck Protection Program (PPP) UPDATE!💵As we approach the end of 2020, legislation has been introduced in the House a...
12/02/2020

Paycheck Protection Program (PPP) UPDATE!💵

As we approach the end of 2020, legislation has been introduced in the House and the Senate that would protect PPP loan recipients against an unexpected tax cost come 2021.

“PPP recipients – particularly small businesses – cannot afford to be surprised with a tax bill next year on their PPP loan expenses," said AICPA Vice President of Taxation, Edward Karl, CPA, CGMA. "More than ever before, they need to be able to project how much cash they will have to cover their basic expenses. Members of Congress must act now and pass this legislation to ensure that struggling businesses and their owners can recover.”

We'll keep you updated with any information regarding PPP expense deductibility. If you have any questions, please reach out any time.

Only 32 days left in 2020...Finish strong, so you're ready for a purposeful and productive 2021. What is your plan for w...
11/30/2020

Only 32 days left in 2020...

Finish strong, so you're ready for a purposeful and productive 2021.

What is your plan for wrapping up the year on a high note? 🤩

At Intellisource Financial Services, we're thankful for our clients — today and every day.Happy Thanksgiving! 🦃🍽 🍁
11/26/2020

At Intellisource Financial Services, we're thankful for our clients — today and every day.

Happy Thanksgiving! 🦃🍽 🍁

3 Steps to Financial Organization💸The countdown to 2021 is on — and it's time to get your finances in order!1️⃣ Take inv...
11/23/2020

3 Steps to Financial Organization💸

The countdown to 2021 is on — and it's time to get your finances in order!

1️⃣ Take inventory of all your financial information, starting with your insurance. Do you need less insurance or more of it? It's critical to safeguard your family and your assets and think about how to protect your legacy.

2️⃣ Look at your 401K and answer some important questions: Are you saving enough? Are you invested correctly? Are you assuming more risks than needed, or letting fear hinder your returns? Make adjustments accordingly.

3️⃣ Ask for help! The hardest part is taking the first step, but it gets easier when we do it together.

Would you or someone you know benefit from a financial clean-up? Send us a DM today and prepare to kick off 2021 with a fresh financial start.

www.intellisourcefinancial.com

11/20/2020

Just a thought...😬

"We use the Intellisource bookkeeping and CFO services. They handle all of our accounts payable, bank recs, financial st...
11/19/2020

"We use the Intellisource bookkeeping and CFO services. They handle all of our accounts payable, bank recs, financial statement management, and more. They respond quickly and are there whenever you need them. We could not be happier and highly recommend them for any small business or individual."

⭐️⭐️⭐️⭐️⭐️

Whatever you need, whenever you need it — we're there!

Why should you work with Intellisource Financial?There are a few things that separate us from the competition:⭐ We have ...
11/17/2020

Why should you work with Intellisource Financial?

There are a few things that separate us from the competition:

⭐ We have 15+ years of experience providing full-service accounting, tax, and advisory services to companies in a variety of industries.

⭐ We're experts at helping emerging small businesses map out a plan for long-term financial success.

⭐ Our team of highly qualified CPAs and accounting professionals brings a unique perspective that helps us leverage, structure, and manage your financial information.

All of these factors combined means we're uniquely qualified to help you make sound decision that will impact your business for the better. Give us a call to get started today!

#novalocal #chantillyva #chantillyvirginia #fairoaksva #fairlakesva #fairfaxlocalbusiness #fairfaxstation #fairfaxfinanceteam #accountinglife #accountingtips #accountingproblems #accountingandfinance #accounting101 #accountingstandards #accountingservice #accountingislife #financialaccounting #accountingadvice

It's time to look toward the future — and it’s looking bright!😎➡️ Based on GDP, the US economy grew by a record 33% in t...
11/16/2020

It's time to look toward the future — and it’s looking bright!😎

➡️ Based on GDP, the US economy grew by a record 33% in the 3rd quarter as the economy reopened, likely bringing the recession to an end.

➡️ Retail sales are already surpassing their pre-pandemic highs and manufacturing activity has been on the upswing.

➡️ Many housing markets are booming and S&P 500 Index earnings are expected to increase significantly in 2021, potentially by more than 20%

➡️ COVID-19 remains a threat, but treatments have improved significantly, greatly improving patient outcomes. The battle is far from over, but we remain optimistic that we’ll have a vaccine soon.

Through the ups and downs, our priority is our clients and our commitment.

As always, we’re here to help you reach your financial goals. Call or send us a message any time to get started.

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

What a year 2020 has been!😬As we look toward 2021, spend some time organizing your financials to make sure everything is...
11/12/2020

What a year 2020 has been!😬

As we look toward 2021, spend some time organizing your financials to make sure everything is cleaned up and reconciled before year end.

Not sure where to start? We're here to help.

Intellisource Financial can do a full audit of your books, set a projected budget for 2021, and help you prepare for a successful financial future.

Give us a call today!

Happy Veterans Day to all those that have served for our great country. 🇺🇸
11/11/2020

Happy Veterans Day to all those that have served for our great country. 🇺🇸

Are you a small business that took a PPP loan this year?💰If so, you might be anxious to get your balance wiped out. But ...
11/10/2020

Are you a small business that took a PPP loan this year?💰

If so, you might be anxious to get your balance wiped out. But many tax professionals would encourage you to slow down and not apply for loan forgiveness just yet.

Why?

Lawmakers have spent the last few months fighting over the next round of Covid-19 relief, including the next steps for PPP borrowers — and a lot of the tax-planning details have yet to be determined.

Yes, loan forgiveness applications are now available, but a lot remains uncertain surrounding the future of the PPP loan program.

Our advice: Don't rush. Be patient and wait to apply until the Senate is back in session in Nov. 9th. We'll know more then.

Consider this your Monday Morning reminder that YOU are the author of your own story. 🙌What will you do this week to inv...
11/09/2020

Consider this your Monday Morning reminder that YOU are the author of your own story. 🙌

What will you do this week to invest in your future?

If 2020 has taught us anything, it's that it takes a village to do hard things.To our small-business customers, we belie...
11/06/2020

If 2020 has taught us anything, it's that it takes a village to do hard things.

To our small-business customers, we believe in you and will always have your back. Because we're all in this together.

How do you support your favorite small businesses?

🗳️The American people have voted … and now we wait.As the ballots are counted, don’t let anxiety and frustration drive p...
11/05/2020

🗳️The American people have voted … and now we wait.

As the ballots are counted, don’t let anxiety and frustration drive poor financial decisions.

Even in times of uncertainty (and the potential for short-term market volatility), the 3 basic principles of sound investing remain the same:

✅ Focus on the big picture, not the little ups and downs.

✅ Make decisions that support a sound financial future.

✅ Stick to your long-term investment plan.

Politics is the backdrop against which our economy operates, but people will go on working, companies will continue to grow, and the battle against COVID-19 will be won — no matter who ends up in the White House.

Questions? Please call or DM us today.

#novalocal #chantillyva #chantillyvirginia #fairoaksva #fairlakesva #fairfaxlocalbusiness #fairfaxstation #fairfaxfinanceteam #accountinglife #accountingtips #accountingproblems #accountingandfinance #accounting101 #accountingstandards #accountingservice #accountingislife #financialaccounting #accountingadvice

Important news for Virginia small business owners! 🎉Rebuild VA has expanded its eligibility to allow more small business...
11/03/2020

Important news for Virginia small business owners! 🎉

Rebuild VA has expanded its eligibility to allow more small businesses and nonprofits to receive up to $10,000 in grants.

Rebuild VA requires that all applicants must be in good standing, have annual gross revenues of no more than $1.5 million, and have fewer than 25 employees.

Funding may be used for:

▫️ Payroll support and costs related to the continuation of group health care benefits

▫️ Employee salaries

▫️ Mortgage payments, rent, and utilities

▫️ Principal and interest payments for certain business loans that were incurred before or during the pandemic

▫️ Eligible PPE, cleaning and disinfecting materials, or other capital needed to address COVID-19 response

If you have questions about eligibility or grant details, send us a message or give us a call today!

Only 1 day left to the election!🇺🇸With so much on the line, here are 3 burning questions you may be asking yourself:1️⃣ ...
11/02/2020

Only 1 day left to the election!🇺🇸

With so much on the line, here are 3 burning questions you may be asking yourself:

1️⃣ Is one political party better for my investment portfolio than the other?

Take a deep breath😮‍💨 Elections historically have not made a difference in long-term investment returns. Regardless of whether a Democrat or Republican wins, U.S. stocks tend to trend up after an election.

2️⃣ How has the market performed historically in an election year?

The first 5 months of election years have had lower average returns and higher volatility, but markets tend to return to an upward trajectory after the primaries.

3️⃣ Are there certain investment strategies that I should be following?

Maintain perspective, stay the course, and be sure to keep your long-term goals in mind. And don't forget to vote! 🗳️

Fair is fair!Have a great Halloween weekend!🎃
10/31/2020

Fair is fair!

Have a great Halloween weekend!🎃

Did you know estate planning tends to be the most neglected part of a financial plan?Estate planning covers more than ju...
10/28/2020

Did you know estate planning tends to be the most neglected part of a financial plan?

Estate planning covers more than just division of assets. It encompasses a wide range of issues, including tax reduction or elimination, charitable donations, and guardianship for minor children — just to name a few.

If the unexpected were to occur, do you have the following important documents in place?

▪️ Durable Power of Attorney and Health Care Proxy
▪️ Updated will
▪️ Living will
▪️ Irrevocable Trust
▪️ Revocable Trust

If you need help preparing these key documents, Intellisource Financial Services can help. Send us a message or give us a call to get started today!

Are you a small business owner trying to do all the things?You're the big-picture person, but you're also handling all t...
10/26/2020

Are you a small business owner trying to do all the things?

You're the big-picture person, but you're also handling all the little details.

You're the accountant, the bookkeeper, and the administrative assistant — all rolled into one.

Keeping track of the specifics — especially when it comes to your finances — is important. But wouldn't it be nice to unload some of those responsibilities so you could focus on growing your business?

That's where we come in!👋

Our speciality is providing affordable Financial Accounting Services for small businesses with big goals.

If this sounds like you, we're here to help. Send us a DM or give us a call at 703-448-7307 to get started!

With the 2020 election looming, taxes are a major topic for both tickets!🇺🇸We've broken down where Trump and Biden stand...
10/23/2020

With the 2020 election looming, taxes are a major topic for both tickets!🇺🇸

We've broken down where Trump and Biden stand on taxes, highlighting the differences between the two plans.

Have questions about how each will impact your financial future? Don't hesitate to send us a DM!

2021 is on the horizon!🌅Here's what to watch for as we wrap up the year:🔹 Impact of COVID-19: Even with the challenges C...
10/20/2020

2021 is on the horizon!🌅

Here's what to watch for as we wrap up the year:

🔹 Impact of COVID-19: Even with the challenges COVID-19 still presents (social distancing, safety protocols, shifting consumer behavior), there's been an increase in analysts’ earnings estimates that reflects a confident outlook for the end of the year.

🔹 2020 Election: As November 3rd approaches, we expect to hear more about how potential policy changes may affect companies, particularly those most sensitive to regulations such as energy, financial services, and healthcare.

🔹 Focus on Winners: According to Credit Suisse, 54% of the market capitalization of the S&P 500 is on track to grow earnings in 2020.

https://www.intellisourcefinancial.com/

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

Alerts

Be the first to know and let us send you an email when Intellisource Financial Services posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Videos

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.

Nearby accountants


Other Tax preparation in Fairfax

Show All