It's Not Only the Rich Who Need Accountants

Many people are wary of hiring an accountant in order to get a grip on their personal finances. Not only does pride get in the way, but the cost of an accountant can seem pricey. In San Francisco, for example, hiring an accountant just to complete a simple tax return can run in the neighborhood of $250. Before you completely write-off hiring a professional to help you, consider what that money could get you.

1.Knowledge of Where You Stand

No matter where you think you are financially, chances are you're just guessing. An accountant can look at your income and your expenditures and tell you where you really are. A good accountant can help you determine where your money is going and how to keep more of it in your pocket. An accountant is especially helpful for people who simply don't know how to create a realistic budget. If you want to rid yourself of the stress of living paycheck-to-paycheck, an accountant is who you need.

2.Out of Debt

No one asks to sink into debt. In today's financial climate, it's more unusual to find someone who is financially secure than to find someone who doesn't owe at least one person money. An accountant can look at your finances under a microscope and give you a variety of options for getting back to black. An accountant will not only help get you out of debt, but he will help you stockpile your money in a way that keeps you that way.

3.The Truth

When you tell friends and family, if you tell friends and family, that you're in debt, they'll tell you, at best, that they have even more debt than you. At worst, they'll pity you. An accountant, on the other hand, will simply tell you the truth. An accountant is a neutral third party who has nothing to gain or lose by telling you the hard truth. It can be difficult to face reality, so try to keep your cool. When you hire an accountant to help you, accept the assistance.
4.Education

Not everyone is financially intelligent. You may be in debt only because you make poor choices. You may not understand interest rates, loan terms or how to get the best rates on a credit card. You may never have tried to use coupons, have a mistaken impression that more expensive brands are automatically better, or don't know how you can save money by making simple changes. A professional accountant can teach you all of these things and more. If you feel as though you may not be as financially savvy as you could be, ask an accountant to teach you the ins and outs of money.
5.Become Independently Employed

If you have dreams of becoming a freelancer, you absolutely need an accountant. Tax laws are difficult to navigate for personal finances; they are even more cumbersome for those who work for themselves. A professional accountant can explain the advantages and disadvantages of incorporation, how to file your taxes properly, and even how much to put away each month for your quarterly tax payments.

Don't think that only the rich among us are in need of professional accountants. Any person can benefit from hiring a professional to handle their finances. Whether you need to be educated or need help filing your taxes, an accountant is the professional you are looking for.

Brett Harris is now debt free thanks to the education on finances he received from his accountant. If helping people understand money and its consequences sounds like a good career check out the online accounting degrees offered by several colleges.

Top 5 Financial Issues To Address In 2013

There are many financial issues present in our world in the year 2013. Here are the top five financial issues that need to be addressed this year.

Health Care

Health care is a huge financial concern in 2013 as more and more people who are unemployed, underemployed, or self employed aren’t getting the health care they need, often because they can’t afford to obtain it on their own. Due to the rising cost of health insurance many employers cannot afford to offer it to their employees. Government programs designed to make healthcare more accessible to everyone are facing opposition from certain groups of people within society.

Credit Reform

Companies that offer credit are coming under fire for offering to people who either can’t afford it or abuse it. There is also an issue with companies not having standards they are forced to adhere to. Credit reporting companies are being criticized for not meeting certain standards anymore. This is causing a lot of tension when it comes to credit companies and people are calling for reform that, so far, is not happening.

Jobs

While unemployment levels are dropping this year, it is only because people are so discouraged and disgusted with the job market that they have simply stopped trying to find a job in the first place. Some people blame politics for the lack of jobs while others say the lack of jobs could be fixed by each community doing what they can to create more jobs.

Congress

Many people are blaming financial problems on the government because government employees keep getting raises, meaning states have less money for other expenses. Some people blame the general public for voting for government officials that simply don’t care about individual people. It is believed that strong leadership could fix all the current financial problems America is facing. People are very frustrated at the way in which the government has dealt with the country’s financial problems.

Housing

The housing industry has suffered a lot in recent years and is now recovering, but the recovery process is going very slowly. Many people had to foreclose on their houses this year because of the actions from banks throughout the country. Financial experts are saying that the best way to deal with the housing crisis is for the banks to try to help people who have gone through foreclosure to get their houses back.

These five issues are the main issues we are facing as a nation in 2013. Each issue has been tackled separately but it has been a long and hard road to fix these issues. Most Americans are still not satisfied with the financial state of our country and many of them are blaming President Obama for this. Only time will tell how well we manage to clean up all these problems and help people out of their financial troubles. The government will have to play a part in making this happen.

Amanda Spencer is the mastermind behind this article. She recommends http://www.cambist.co.za/ for high returns.