When he asks you this question, do not be alarmed. He is not being inquisitive and he most certainly is not endeavoring to pry into your private or personal affairs. Come to think of it, he would like to conduct what is professionally known as a lifestyle audit. Financial analyst Madison consultations take an impression of how much expendable or disposable income the client has available as well as taking note of how income is being spent after income tax has been automatically deducted.
And while on the subject of tax, it is well worth mentioning that the accredited and licensed financial advisor or analyst is well-positioned to assist both business owners and private citizens with their annual tax returns. It is recommended that you make use of this service, even if just once a year. A good time to do so would be just a few months before the next tax filing season commences. This gives both you and your financial advisor more than enough time to make accurate assessments and effective arrangements to pay your share of the country’s fiscus fairly and on time.
Part of the effectiveness could very well mean paying less tax. This is not tax dodging by any means, and in actual fact, it is quite legal. It is wholly prudent that you find ways and means to pay less tax. And apart from this service, about one of the most important tips that your financial advisor is going to be working with you on is to save more, particularly for the long term. Not for a rainy day. Not for a special occasion.
And not for a fancy fur coat or motorbike, as the case may be for you, but for the long term.