Blog

5 Times You Should Talk To An Accountant

Accountants

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.

395+Clients
R3,109,751in dispute resolutions resolved for clients in the last 12 months
22Years of Experience

Our Services

What Our Clients Say...

"Our firm has been a long-term client with IC Quantum Accountants. We are thoroughly satisfied with the personalized client service they provide. IC Quantum Accountants is like having a staff person on call to assist with book-keeping, accounting and governance documentation. Always friendly and ready… Show More

"Our firm has been a long-term client with IC Quantum Accountants. We are thoroughly satisfied with the personalized client service they provide. IC Quantum Accountants is like having a staff person on call to assist with book-keeping, accounting and governance documentation. Always friendly and ready with the coffee whenever I drop by."  Show Less

Richard Zurba, Coordinator, IBG Global

“I have been a client of IC Quantum and Riaan Olendaal for as long as I can remember. They have provided tax services when I was a salaried employee and continued to do so after I have become a consultant and practicing advocate. Through the… Show More

“I have been a client of IC Quantum and Riaan Olendaal for as long as I can remember. They have provided tax services when I was a salaried employee and continued to do so after I have become a consultant and practicing advocate. Through the years, IC Quantum has provided objective advice and assistance to me and my business. Most enduring is that regardless of how big or small my problem, Riaan and his team always makes time to listen to me and to provide good solid advice.”  Show Less

Jan Augustyn, Advocate

“It is my pleasure to provide this letter of recommendation for IC Quantum Accountants with whom I have had a close professional relationship since 2017. As Commercial Manager at Sabicare, I’ve worked closely with the senior managers of IC Quantum, Riaan and Wilna Odendaal, over… Show More

“It is my pleasure to provide this letter of recommendation for IC Quantum Accountants with whom I have had a close professional relationship since 2017. As Commercial Manager at Sabicare, I’ve worked closely with the senior managers of IC Quantum, Riaan and Wilna Odendaal, over the past two and a half years. Since 2017 to date, IC Quantum has on a monthly basis, at the office of Sabicare, worked as accounting consultants. IC Quantum has assisted with the following matters: Roll out of new construction accounting software; Reviewing, implementation of changes and maintenance of internal policies and procedures; Calculation of provisional taxes; Complex VAT reconciliations; Liaising with SARS on behalf of Sabicare when necessary; Guidance and assistance with IT related matters. In all the above matters, I have found IC Quantum extremely competent, with sound knowledge and experience in all the above fields. They have not shied away for going that extra mile for the client, and their professional involvement in the duties of Sabicare’s personnel has contributed enormously to the capabilities and growth of Sabicare’s personnel. IC Quantum has trained and assisted Sabicare’s personnel not only in a professional manner, but has also over the course of two and a half years established a healthy work relationship with Sabicare employees. All our employees have immense respect for Riaan and Wilna, for whom they are and their reliable work ethics. Senior management of Sabicare can highly recommend IC Quantum’s valuable input to any business.”  Show Less

John Steyn, Commercial Manager, Sabicare

Make An Appointment

To arrange a consultation or for more information, send us a message.

+27 81 403 5948