Whether it’s bookkeeping, tax advice or creating sales or revenue goals, small business accountants can help you reach your financial freedom sooner.
As business advisors in Narre Warren and Bunyip we are experts in helping our clients achieve financial freedom. They come to us with many goals so it’s important to focus on what is achievable and realistic.
What is financial freedom?
Small business accountants provide support and expert advice to companies and small businesses which allows them to become financially secure earlier so they can spend time and money doing the things they love. Maybe you want to spend more time with your children or friends. Maybe it’s about taking more holidays after the past few years at home. Maybe it’s dedicating more time to charity. The process doesn’t work as some sort of overnight miracle but small business accountants can help build your wealth to reach your financial freedom goals.
Some of the most common questions we receive as business advisors in Narre Warren and Bunyip are from clients wanting to retire sooner. We work with them to change aspects of their businesses and reallocate priorities to pay off debt and grow wealth. There are some easy ways an accountant can help your small business grow.
Self-managed super fund (SMSF)
You might want to look at securing your financial freedom by managing your own superannuation. As business advisors in Narre Warren and Bunyip we provide a complete SMSF solution which includes the establishment and day-to-day running of the fund. There are incentives for business owners to contribute more money into superannuation and by managing it yourself, you can decide where it is best invested. It’s becoming a much more popular option these days as owners or staff look to their small business accountants for advice about setting up a SMSF.
Debt reduction
The thorn in your side with any financial freedom goal is debt. Unless your debt is being utilised for investments with tax benefits, it’s usually best to try to bring it down as quickly as possible. Some debt is unavoidable like buying a house or tools or a car but bad debt like credit cards or unnecessary expenses should be brought under control quickly.
Ask a professional
As business advisors in Narre Warren and Bunyip, the mistake we see a lot of people make with their investments is not seeking expert advice. Some people can get caught up borrowing money to buy shares without even understanding why they are investing in the market in the first place. Other people can be attracted to ‘get rich quick’ schemes involving cryptocurrency with promised returns that exceed common sense. If it seems too good to be true, it is. There are a number of solid investments that can allow you to realise your financial freedom quicker and we are here to help.
The best thing to do is seek the advice of an expert. So give Greenview Accounting Group a call today on (03) 5629 6133.