How New IRS Rules and Professional Accounting Services Can Help You Increase Your Retirement Savings

The IRS increased the maximum retirement contribution limit as of January 1, from $17,500 to $18,000. Employees who are at least 50 years of age can contribute up to $6,000 extra to their retirement account as catch up contributions, also an increase of $500.

The new year can mean increased retirement savings, bringing great news to employees and others who are already maximizing their contributions, though just 12 percent of 401k participants were said to have hit that limit in 2013. If retirement is decades away, it can be difficult to get motivated to save, but it’s important to remember that the more you save now, the better of you’ll be in your later years – which tends to come sooner than most of us think. You won’t want to, or likely be able to, live on social security benefits alone.

Of course many people don’t have a retirement plan through their employer these days. If you do, be sure to take advantage of any guidance or even classes that may be offered through your employer to help you make the best investment choices.

For everyone else, as retirement planning can seem overwhelming, you may want to look for some professional assistance to help ensure a better future for yourself and your family. Hiring professional accounting services can help you maximize savings over the long term, making it more than worth the cost.

Utilizing professional accounting services is one of the best ways to create a retirement roadmap, by developing income strategies, planning for survivor ship needs and consolidating your assets.

Of course, finding the right firm to help may also seem like a daunting task. Not only does it require coming up with a list of good potential candidates, you’ll need to find out about their training and experience with financial planning as well as generating retirement income and other critical retirement planning decisions.

The good news is that by contacting Good Accountants, all of that work is done for you. Expert business consultants can assist you with finding the right professional accounting services for your needs with a nationwide registry of the most qualified candidates in your area at no cost to you.

Lower Taxes: One of Many Benefits of Using Professional Accounting Services for the Small Business

professional accounting servicesFor the small business, professional accounting services are often a necessity and certainly never a frivolous expense.  Providing expert assistance with everything from tax planning and preparation to implementing financial strategies that can ensure not only the success, but the survival of a business, utilizing their services may be one of the best decisions a business owner can make when it comes to the word many dread, taxes.

Complicated tax regulations and preparation

Accounting professionals must keep up with all of the constantly changing tax laws in addition to the latest technologies available to help them to do just that. Tax consultants and leaders within the accounting industry are currently attending the 2013 Thought Leader Symposium in order to ensure they are on top of their game when it becomes to providing their clients with the best.

As a business owner, do you really have time to take on a full-time role as your own accountant? Your time can be spent much more productively winning your own new clients rather than researching and studying tax laws. Let the accounting experts do what they do best so that you can use your own time wisely and save money over the long run.

Legal and financial tax advice

Small businesses who utilize professional accounting services will be in a much better position to understand the details of their company’s finances, including complicated tax issues. Professional accountants are aware of all of the rules and regulations when it comes to accounting and taxes, and are able to provide advice on a wide range of money matters including tax related issues and helping to resolve them should they crop up.

Accounting experts can provide advice on tax breaks that you’ll be able to take advantage of based on your location, size, business model and other aspects in order to potentially reduce taxes.

Finding the best professional accounting services

With the free services provided by GoodAccountants.com, you can be assured you’ll be connected with the most qualified and experienced professional accounting services who can take care of the financial needs of your business, including taxes. With fewer worries, less stress and more time, you’ll be on the road to taking your business to the top.