Flex financial muscles with goal setting, reviews with trusted advisers
Midlands Business Journal, January 6, 2012
Not surprisingly, getting physically fit mad the top of the
New Year’s resolution surveys again this year. But foresight and
discipline – at the core of an exercise /nutrition regimen – is
also required of those looking to get financially fit. Chris
Carlson works with tax and finance and accounting professionals
as regional manager with placement firm, Aureus Group. To get
the most out of this working relationship to reach one’s
financial goals (and possibly minimize tax impacts and harness
incentives,) Carlson said clients need to do as much work
in-house as possible. She also noted that they can realize
savings tied to paying tax preparers for their time. “To get a
head start on your taxes the business owner or their accountant
should prepare your records ahead of time,” she said. “Updated
record of both accounts receivable and accounts payable,
detailed records of bank statements and receipts should be ready
to be provided. “The next ‘to-do’ is to list your issues and
questions, analyze your financial statements and note the
changes in laws during the year and discuss them with your tax
advisor.”