There are many benefits to having a personal accountant. A personal accountant can easily recoup the cost of their work. But how much is a personal accountant worth? That’s a good question, and the answer really depends on the complexity of your financial situation, how much work you require to be done, how good you are at keeping records.
How Much is a Personal Accountant?
A proper CPA accountant that does your business and personal taxes can cost you as little as $100 to as much as $5000 a year depending on what services they provide. Good accountants do much more than crunch numbers; they ideally should be providing financial guidance and advice, and should be helping you save money in various avenues.
So how do you know if you should hire an accountant? Well first off, if tax, money, and percentages aren’t your thing, getting an accountant is definitely recommended. Second, if there is a lot of money flowing through your business, having an accountant is generally a good idea since their job is to save you money by finding legal loopholes, taking advantage of new tax laws, etc.
Generally, the best way for you to decide whether an accountant can help you is to call a few different accountants, explain your situation, and ask them what they can do for you. Ask them how much they charge, and if it seems like they can save you more money than you are paying them, hire them. If you want to be assured of high-quality service, make sure you hire a CPA (certified public accountant). Licensed CPAs have passed a rigorous exam and likely have extensive knowledge of tax laws.
Additional Help
If you need help finding a competent and reliable personal accountant or CPA, consider using TalkLocal to find a tax specialist for you. TalkLocal is a free service that will connect you with top-quality, accounting companies in your neighborhood within minutes. Just enter in your specific problem, location and availability, and up to three companies will call YOU directly, saving you the time and stress of finding one yourself.
