5 Times You Should Talk To An Accountant

Many people are hesitant to hire an accountant because they just aren’t sure that they need one, or they are afraid that they will go to the accountant and then feel like they aren’t “good enough” or they don’t have enough money to actually use that accountant. The truth is that people need accountants more than they realize, and almost everyone should have an accountant on call. Even if you do not have a regular relationship with that person, there are times when you are going to need him or her on your side.

Here are just a few cases when you should talk to an accountant: 

You Are Considering Real Estate – Buying Or Selling

Buying or selling real estate, no matter where it is, is a serious decision. If you are in the market to make some purchases, whether it is a first home, a second home, a home for your children, a commercial property, or a rental property, you may want to talk to an accountant first. He or she will help you to make decisions based on your income and savings that can help you to fund your next venture.

Even better, an accountant can minimize your taxes on the purchase or sale of the property.

You Have To Do Your Taxes

If you are doing your taxes either for yourself or for your business, it may be in your best interest to have a professional help you. Whether you file with the wrong information, use the incorrect form, or just don’t know how to claim something, an accountant can help to sort out all of the details.

Most people who try to handle their taxes on their own end up doing something wrong – whether they ever find out or not. Even sitting with an accountant for a few minutes can really help you. Currently, SARS is looking in every corner for taxes to be collected. SARS is requesting supporting documents more and more. Your accountant would be up to date on how to submit all the relevant documents in the prescribed formats.

You Are Making A Large Donation

If you are considering making a large donation in the upcoming months or even years, you may want to talk to an accountant. He or she will be able to guide you through the process that will be mutually beneficial – the recipient will get the donation and you may even be able to claim it on your taxes.

Making a large donation is not as simple as one thinks – so it is better to cover all of your bases if possible.

You Want To Retire

This should seem obvious to many people, but if you want to retire, you should talk to an accountant. They will be able to help you understand your financial situation and see if it is even a reality. Even better, they will be able to help you plan for the future so that you can be comfortable throughout your retirement.

You Have Children

If you have children, you probably want to put aside some money for them. If you are thinking about setting up a will or even just making it so that you have money in savings should something go wrong, you may want to talk to an accountant.

Talk To An Accounting Firm in Pretoria

Many people aren’t comfortable talking to an accountant because matters of money can be so personal. However, it is a necessary part of life for so many people – especially if you want to pass on money, retire, or just have enough to be comfortable for the rest of your life. If you have a business, children, or loved ones that you care about, there are times when you are going to need an accountant on your side. You will be able to save them a lot of stress and confusion when the time comes for you to do something serious.

It is never too early to start thinking about your future, even if you don’t have a great deal of money in your bank account. Make sure you work with a professional that has your best interests in mind and can work with you to not only protect you while you are alive but to help preserve your legacy once you have passed, help you start a business, or do something totally unexpected.

To get started, schedule an appointment today.