| So, what is this magical step? It is to | | | | sense from a tax perspective and will |
| find a good accountant. Not exactly what | | | | offer alternatives. This one meeting |
| you were expecting, eh? Well, it is | | | | will save you tens of thousands of |
| true. A good accountant can save you a | | | | dollars over the years. In fact, you |
| ton of money. A decent accountant can | | | | would be wise to have a meeting every |
| save you a bit of money. Not having any | | | | quarter. |
| accountant can end up costing you a | | | | Whether you like it or not, taxes are |
| bundle. | | | | going to be a big issue for your |
| So, what is a "good" accountant? To give | | | | business. A proactive accountant should |
| you an answer, we must first discuss the | | | | be a vital member of your team. If you |
| role you need the accountant to take. | | | | are going to make any big moves, you |
| Any accountant can prepare a tax return. | | | | need to give him or her a call. Your |
| That is not what we are talking about in | | | | accountant can also help you arrange |
| this article. There are really two types | | | | your business finances in a manner that |
| of accountants - reactive and proactive. | | | | is going to help your cash flow so you |
| Proactive accountants are what you are | | | | can survive lean times. |
| looking for to help you. | | | | So, when should you start looking for |
| A proactive accountant is one who helps | | | | such an accountant? Yesterday! The first |
| you ahead of time. This person sits down | | | | step in starting a business will |
| with you at the beginning of each year. | | | | necessarily involve how it is classified |
| They discuss your business and personal | | | | for tax purposes. This is a big decision |
| life and how the year is going to shape | | | | and your accountant can provide you with |
| up. The accountant will then suggest | | | | the best solution for your particular |
| steps you can take to minimize your | | | | situation. Ah, but can you afford to |
| taxes and grow your money. Just as | | | | kick out money for an accountant early |
| importantly, they will also let you know | | | | on? Yes. You will save a bunch of money |
| if any of your planned steps don't make | | | | by doing so and can deduct their fees. |