Putting You in Control of Your Financial Future
Your financial situation has a huge impact on the way you live. Having someone to help you plan and work toward your goals can be invaluable in helping you reach them.
At Accounting, Tax and Investigations Group in Kennesaw, we provide the experience and expertise to help you make the most of your finances. Whether you're working toward retirement, trying to get a handle on your taxes, or you want to build a legacy for your loved ones, we'll work with you to build a personalized plan that fits your unique needs and goals.
Ready to see the difference for yourself? Contact our office today!
5 Benefits of Working with a CPA for Your Personal Finances
Many people mistakenly believe that unless you have millions in the bank, hiring a private accountant is a frivolous expense. What they don't realize is that there are many things a CPA can offer that would be difficult or time-consuming to manage on their own.
Consider these five benefits of putting your personal finances in the hands of a CPA.
If you've ever tried to put together a budget, you know how time-consuming and tedious it can be. An accountant can organize your financial data and present it to you in a fraction of the time, so you can spend more time enjoying what you love, and less time hunched over a desk.
Adult living comes with many complicated issues that can be confusing and stressful. Your accountant can break down complex ideas and help you understand the short- and long-term effects of your opportunities and decisions.
A Solid Plan
Even if you're a diligent planner, life has a way of pulling you off the path. When your circumstances change, your accountant can help you adapt your plan so you can continue to work toward tomorrow's dreams while dealing with today's reality.
Part of any good financial plan is the ability to save. Your accountant can help you create a comprehensive financial plan that helps you reach for your goals while building a cushion for those unexpected moments.
One of the most important things an accountant provides is an experienced outside perspective. When you're facing important financial decisions, your accountant can help you see the pros and cons of your options. They can also help you temper impulsive decisions that could hinder your long-term goals.
Services We Provide for Individuals
We are committed to helping our clients feel confident and secure in their financial decisions. Our individual clients rely on us for:
What Can I Expect from Financial Planning?
Building a financial plan is not a one-and-done service. Rather, it's an ongoing process that helps to guide your financial decisions while evolving with them at the same time. Whether your goal is to save for retirement, prepare for your child's education, purchase your first home, or all three at once, your financial plan is shaped to reflect your personal objectives.
As your financial planning partners, we work closely with you to develop a plan that keeps your goals, challenges, and lifestyle in mind. We help you organize your financial records, making it easier for you to reference past data and keep current and future documents in order.
With your financial documents organized, we can evaluate your cash flow and build a comprehensive understanding of your income. This information allows us to help you build a working budget that designates cash for regular spending, bill payments, debt management, long-term saving, and creating an emergency fund.
Tax planning is another important aspect of financial planning. We help you evaluate potential purchases and develop strategies you can use throughout the year to legally reduce your tax liability to its minimum.
How Do I Know if I'm Financially Ready for Retirement?
All of us hope to retire someday, but it can be difficult to know what you'll need and how to get it. We have years of experience helping clients to plan for a successful retirement, and we're ready to help you do the same.
We start by comparing your current finances – spending, saving, investments, etc. – against your retirement goals. Each client's retirement plans differ depending on where they want to live, what their interests are, and what kind of lifestyle they hope to maintain. We take these details into account as we calculate what you'll need to retire successfully.
Once we factor in tax liability, changes in spending habits, and preparing for medical and unexpected expenses, we can provide an estimate for what you'll need to retire. After we compare this to your current savings and timeline until retirement, we can tell how close you are to being financially stable in retirement, and help you decide on strategies to cover the gap where needed.
Do I Need an Estate Plan if I Have a Will?
A will is an important legal document for ensuring that your assets are distributed according to your wishes. However, if you fail to evaluate the legal and tax implications of your will through estate planning, your beneficiaries could end up with far less of your estate than you intend.
What's in an Estate Plan?
A solid estate plan deals with both the legal and financial aspects of your estate. We can coordinate with and provide documentation for your attorney to ensure that your plan is sound and legally compliant.
One important aspect is making sure that all assets are properly titled. It's easy to overlook certain assets in the planning, such as savings accounts, investments, trusts, and retirement accounts. We make sure these things are addressed and that your beneficiaries spend as little time dealing with probate as possible.
We also evaluate the tax implications of your current plan. If you simply will all of your assets over at once, especially if you only have one or two beneficiaries, they could end up paying a significant portion of it in taxes. We provide strategies to help defer inheritance, such as using trusts or gifting some of your assets beforehand, to ensure that your loved ones receive as much of your estate as possible.
Another factor to consider is helping your loved ones cover expenses, including funeral costs, debts, and medical expenses. We can help you identify how much life insurance you need and assist in purchasing a policy when needed.
What Is Elder Care from an Accountant?
Many of our senior clients feel strongly about maintaining their independent life, but also find it difficult to keep up with their routine financial obligations. We make it easier for these clients to preserve their independence by helping them take care of day-to-day financial needs. This includes balancing accounts, managing bill payments, and helping them to budget.
We assist with all essential duties and keep family members informed, providing stability and peace of mind for the whole family.
Expert Answers to Your Financial Questions
At Accounting, Tax and Investigations Group, our goal is to help you feel confident in how you spend, save, and make financial decisions. Finances can be complex, but they shouldn't have to be intimidating. We provide personalized service when and how you need it, so you can face whatever challenges come your way.
Are you ready to take charge of your finances? Contact our office to get started today!