Vital Questions to Ask Your Accountant…

We get expert advice for our health, car maintenance, legal issues, etc. But most of us think we can muddle through day-to-day money management on our own. Sadly, it’s only when we reach a crisis that we ask for professional help. Instead of waiting, ask your accountant these vital questions today:

• How can I take better control of my finances? Setting a budget—and sticking to it—is the best way to stay on track and achieve financial goals.
• What’s the easiest way to manage income and expenses? You can’t avoid trouble unless you understand your current realities. Your accountant can help you set up a manual accounting system, or you can use a program like Quicken or Mint.
• Which transportation expenses should I be claiming on my income taxes? These can be related to work or volunteer duties.
• Which home office expenses can I deduct? Even if you’re not self-employed, there are often deductions you may be entitled to.
• Should I contribute to an RRSP or TFSA, or both? It’s essential to optimize your use of these plans.
• How should I structure my estate to maximize the amount my children get and minimize the tax bill? Your accountant can also help with will and trust planning.

If you’d like an introduction to one of our trusted local accounting partners, please call us today.

Kupina MortgageTeam  905.730.4782 – mark@kmortgage.ca