Are you twenty-something and confused with how the world of finances works? Most people don’t feel the need for an accountant and/or a financial solutions provider until they are older – but there are plenty of reasons why you could and should hire one during your youth. Whether you want to be prepared for your retirement, want help filling out your tax return or you are looking into getting a loan – The A Firm can help you to achieve your financial goals. There are plenty of ways we can help you out, the following are just a few:
Completing Your Tax Returns
Many Australian’s file and lodge their own tax returns each year, utilising only a limited source of tax knowledge they have from both word of mouth and what they find on the internet. Did you know that if you were to use a tax accountant for your return you would pay a small fee but receive a much greater return on your tax? It’s true! Tax accountants are in business for a reason, here some ways you could benefit in The A Firm looking after you tax returns for you:
• We will find deductions you never knew existed.
• We will help you learn how to organise your files for next year.
• The fee for our service is tax deductable for the following year.
• We will help you understand how to maximise your finances and always be safe and legal in operating under the rules the ATO provide.
• Last but not least, its convenient and makes the process stress-free! Get someone else to do the most boring thing you have to do each year!
Becoming a Sole Trader and/or Starting a Business
It is becoming more and more common for the younger generation to work more independently and even start up their own business venture. However, this means a lot more responsibility as far as your finances are concerned. If you are self-employed or looking at starting your own business, an accountant can help you figure out what is the best structure for you tax wise. If you are self-employed you are personally responsible for if your business makes a profit or loss – so accountants can give you the best advice on how to make it all work seamlessly. Accountants can handle your bookkeeping or show you and train you on the easiest system to use to do it yourself such as Xero. We can explain the difference between the different structure types from sole traders, to companies and truts, or explain how GST works. Here at The A Firm we use our expertise, to provide you with assistance regarding anything from your business structure to setting up your own Australian Business Number (ABN).
Savings, Budgeting & Planning for the Future
You might be young, but there is no reason why you shouldn’t start saving for your future. The team at The A Firm wants you to reach your financial goals, so we help you to get a plan in place that allows you to reach your needs and dreams whether it be for more wealth, travel, leisure, buying a home or investment property, and also planning a secure retirement. The A Firm Financial Solutions’ Wealth Team have proven systems and strategies that are customised to each clients specific needs and goals to help make your dreams a reality.
Finance/Mortgage Broking
When you are young, there a plenty of reasons why you might want to take out a loan – for example you could be going travelling or are looking to buy your first car/house. Normally you would go straight to a bank, but The A Firm can actually provide you with any kind of loan – at an even better rate! It can be anything from refinancing, to equipment finance to a personal loan – no matter the reason, we can likely help you out.
As you can see, our Financial Solutions Team aren’t just for business men and women, retirees or just people of an older generation. We are more than capable of assisting you in achieving your short-term and long-term financial goals. To find out more visit our website, send us an email at info@theafirm.com or give us a call on (07) 5596 4604. We cannot wait to hear from you!