Although talking about big life changes with your spouse or family is a must, there’s another person you should plan on talking to: your personal accountant. This is a good thing considering there’s a lot that goes on with your finances. When you sit down with your CPA to discuss potential changes to your financial life, they will undoubtedly remind you that your decision also hinges on family considerations and how things are going in the larger economy.
With this in mind, here are five individual career decisions that professional accountants in Sacramento, CA can help you with:
- Job offers: So, you’ve gone through three separate interviews vying against dozens of other applicants for one position, and you’ve just been offered the job! At this point, you may want to respond to the company with a “yes,” but what you should do instead is tell them you want to mull it over for a couple of days first. Gather everything in relation to your current and potential job that pertains to money, then schedule an appointment with your accountant. They can help you see the financial benefits or pitfalls of the new job offer and determine whether it’s a good move for you to make right now.
- Career changes: On the other hand, you may have a strong pull to change careers. As this happens to people of all ages, your desire to make a career change is not unusual. Your accountant can map out how things might look financially, or even act like a career counselor to ensure that the new career field you’re interested in makes sense.
- Starting a small business: You will definitely want to speak with a CPA before starting a small business, not only to make sure you can do it financially without going broke, but also to make sure your idea has a good solid plan, complete with all the initial expenses outlined. They will look through the books at everything from your retirement investments to the financial needs of your family before recommending a course of action.
- Relocation: Whether you need to relocate for work or simply want a change, there will be costs associated with moving—that is, unless the company you work for is paying all your relocation costs. But if you have to fork over the cost of a move, then consulting with an account is a good place to start to find out the pros and cons of relocating, including putting stuff into storage, hiring movers, moving a vehicle, paying for transportation to get there, handling DMV registration in a new state and arranging temporary accommodations.
- Selling and buying a home: Can you still afford to buy a new home in a new state even after selling your current home? This is important to determine beforehand to avoid a big mess, because you don’t want to make arrangements that you cannot follow through on.
Should you ever end up with a difficult career decision on your plate, you can look to certified accountants in Sacramento, CA to offer a helping hand. Contact the tax professionals at Yoder & Co., CPA today!