As we roll into 2023, now is an excellent time to resolve to get your finances in order. The best place to start is by hiring an accounting company. An accounting firm isn’t just someone you hire around tax season to make sure that you get all the deductions possible and are in compliance, they are something that you employ throughout the year to make the best financial decisions year-round by having all the information that you need to see the big picture. These are just some of the reasons that you should resolve to let Current Accounting put your affairs in order this year!
You’re Self-Employed
No, it isn’t just you; things in the economy keep changing. There are many different ways to handle your finances when you are self-employed. Also, you want to keep track of all the things that you can write off like mileage, internet, equipment, office supplies, etc. If you wait until only once a year to focus on the best decisions for you as an independent contractor or small business owner, you will almost surely forget expenses and be out of deductions or miss opportunities to make smart investments. An accountant can make sure that you are always forward-thinking instead of constantly trying to retro-recall!
There is a Reason You Aren’t an Accountant
Let’s face it: if we were all good at facts and figures, there wouldn’t be a need for accountants to begin with. If you don’t typically balance a checkbook, much less track your household or business accounts, then you are going to run into trouble sooner or later. The best way to plan savings and investments is to focus on what you do best – being you – and delegate the rest of your financial issues to us!
Multi-Streams Can Overload Your Pond
Diversification is arguably one of the best ways to ensure that you have a steady stream of cash flow, but they aren’t something that you should set and forget – or just plain forget! You have a full-time job making money; you don’t have time to make sure your money is making money or to cover all of your bases. An accountant can take a look at all of your accounts, make sure they are earning the maximum, and also help to reduce risks that can have you losing a lot. Go ahead and spread it around, but make sure that you have someone to follow up with you and check that it is in good hands.
There is a Difference Between “I Can” and “I Will”
If you are like the rest of us, you can balance your affairs, keep track of money, and make wise investments, but just because you can doesn’t necessarily mean you will or should. Often, when people try to save pennies, they end up spending dollars. If you aren’t keeping track of things like your 401(k), your stocks and bonds, or your health savings accounts, then you are not going to get the maximum benefit from them. The small amount of money that it takes to hire an accounting company will be well worth it in the ways that you not only save but invest more wisely for bigger gains. Hiring an accountant will save you time and probably pay for itself ten times over!
As we head into a new year, many will resolve to get their finances under control. What makes you think that if you haven’t done it by now, you will? Don’t set your resolution up for failure; make the choices necessary to ensure that this year you will follow through by hiring Current Accounting to get it all under control. Contact us to get started today!