Financial management is a big responsibility, and making mistakes with your money can be costly. One of the best resources that you have when it comes to managing financial issues is an accountant. Accountants are trained and certified in many complex monetary issues, processes, and regulations, so they are highly equipped to help you with any problems that you may have. Talking to an accountant can really ease your mind and reduce stress when it comes to managing your money. We love talking to you, so here are five reasons to set a meeting and come and see us.
You should talk to your accountant when:
You aren’t sure how to lodge your taxes properly.
Taxes are not something to take a gamble on, as an audit from the ATO can result in some seriously negative consequences if you don’t adhere to government regulations. Although it is definitely possible to file your taxes on your own, it is much easier and less stressful to work with a professional. They can go over your claims with you to ensure that everything is calculated correctly.
You need to save for retirement.
Everyone needs a solid nest egg for retirement, and it’s never too early to start saving. An accountant is a great person to consult about retirement savings and self managed super funds. They can help you choose accounts and calculate how much you’ll need to save.
You’re starting your own small business venture.
If you’ve finally decided to take the plunge and make your entrepreneurial dreams a reality, you will need to talk to an accountant before making any big financial decisions. An accountant can review your plan for income management and fundraising, discuss business taxes with you, and more. This is especially important if you don’t have much financial experience, as your budget needs to be airtight for your new business to be successful.
You’re struggling to stick to your budget.
We’ve all been there at some point or another – no matter how hard you try, you just can’t seem to make your budget work, and you’re always scrambling to find more money. If you feel like you’re drowning in payments, don’t panic. An accountant can be a huge help when it comes to setting a budget. They can identify where you are going wrong and offer strategies to help you stay on track.
You’re about to make a major purchase.
Whether it’s a new home, a new car, or another big investment, it will be worth your while to consult with an accountant before taking the plunge. They can evaluate your accounts to make sure you are ready, and recommend payment or financing plans for you.
This year, as we have continued to grow, we have shifted the way we do things. For many of our clients who previously only visited us to lodge their tax return, there is now the opportunity to review their financial plans and self managed super funds. If you haven’t had a chance to