I still remember the first time I filed taxes for my business. In addition to having no idea what a write-off really was, I also didn't worry too much about guessing on the numbers. A few government audits later, I discovered what it really meant to do things the right way. Over the years, I have met lots of business owners that weren't too worried about fudging the numbers, and nearly all of them have run into problems. Proper accounting is important, which is why I created this website dedicated to business accounting. I know that if you learn the right way to do things and focus on integrity, your business can avoid a world of problems.
If you are getting married and you already know that you and your potential spouse aren't great with money and have debt, it may be wise to hire the services of an accountant. Even if the two of you don't have a lot of money to spend, making the investment may change your lives and greatly benefit your life after marriage.
There are many couples that stress and fight about money in their marriage, because their financial decisions no longer affect just themselves after they walk down the aisle. Here are a few reasons why you want to consider an accountant.
The debt that you have may already be a strain on your relationship or your monthly finances. The accountant will look at your current income and debts to create a plan to pay everything off so that you can start living without owing anyone money. Tackling the debt together is going to be empowering, and you can start your marriage with a clean slate.
Get on the Same Path
Once the accountant has set a strict budget for you, you'll both have the same plan for what money can be spent and what needs to be put away. This way, you don't have to fight about who is spending what, since you both know the plan you're supposed to follow. You both have to commit to sticking to the accountant's plan for everything to work.
You want to have emergency funds in case there is something wrong with your vehicle, if you need to fix something where you live, or if there is a health emergency. Once you start saving money together, you'll know you have a cushion when there is a crisis, and you'll be able to start planning a retirement. If you want to save to plan for the wedding, you both can set a budget and work towards it. The earlier you start saving for yourselves the better.
An accountant may seem like an unnecessary expense, but if the two of you are both bad with money, it may be one of the only options you have. Talk with a few different accountants, like William M. Kaneski, CPA, to see what they charge and what they can do for you. Once you have someone to answer to about your finances, you may be more willing to turn them around and start making the important changes needed to change your financial situation.Share
18 August 2015