What is the rule of thumb?
2006-07-23 13:33:44 · 4 answers · asked by tjcsonofallnations 3 in Business & Finance ➔ Personal Finance
I think when you have more than you can handle, hire an accountant. If you do any sort of payroll, hire an accountant. If you have anything but a sole proprietorship, hire an accountant.
If you own your own business, you should definitely have a CPA. Have your CPA look over your taxes and ask him that question. Having a CPA is crucial. Without a CPA, you could be paying the government what you would have paid an accountant and a CPA.
I don't think there's a rule of thumb. It would depend on the individual's tax situation.
2006-07-23 13:41:41 · answer #1 · answered by charlottesville101.com 2 · 0⤊ 0⤋
If you are filing your own taxes and don't understand how to do them even with TurboTax software, that's an indicator. If you have a business, it's always good to have an accountant, no matter what. If you have any investments or purchases of and then sales of real property, an accountant is a good idea. The death of a rich relative where you are the executor or personal representative is a time to get an accountant. If you wish to diversify your money, if you have a lot, it's good to get an accountant, but change them every four or five years. It keeps the accountants honest.
The rule of thumb is what is your own brain capacity and time constraint? Also, what is your financial picture?
2006-07-23 13:46:32 · answer #2 · answered by sterling roses 3 · 0⤊ 0⤋
Like if you own a business? Or just someone to manage your money?
If your business grows bigger, of course you'll need one to organize it and make sure you're not overspending.
It's good to have a personal financial planner to help you invest so definitely get one.
2006-07-23 13:38:32 · answer #3 · answered by ♥iamsleepy♥ 4 · 0⤊ 0⤋
don´t...just spend the extra money
or
you can give it to me
2006-07-23 13:35:42 · answer #4 · answered by ingrid 2 · 0⤊ 0⤋