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The choice to do your financial due diligence, hiring a professional accountant can be the difference between a tax refund or tax expense


You can't afford to waste money

Let's start with the price, which you can't afford to overlook in your budget.

If you take a close look at your expenses, you will notice a common theme: the things you spend money on are meant to keep you going; food, rent, and fuel can account for a large portion of your budget, while your aspirations, personal growth, and other things that can give you leverage to overcome current circumstances are not prioritized.

When I first started a business, there were many things I couldn't afford; in my opinion, these were expenses that didn't produce an income, and only when I imagined what it would be like to have a specific item could I come to appreciate an expense towards my start-up; I had to see the value in gains.

In a series of financial reflections, I could see the flow of money and find comfort in knowing that every cent I spend goes towards a flow in which I participate and benefit. For the first time, I could see the value in debt products and wanted to participate in the economy in the most strategic way possible, with my strategy refocused on personal growth, my aspirations, and things I can use to leverage my financial position.

There are some truths that come with money, and for a long time I had despised financial specialists, rightfully so.

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Why bother looking for a financial advisor if someone is going to repeat a textbook to you? I mean, I could have googled that information. I'm getting off track.

The reality is that it is preferable to locate a financial advisor, an accountant, or an expert of some sort, and have the best tools to inform yourself and have the correct direction, which is often a task that we believe we have inherent when, in fact, 75% of us obviously do not. This can be costly, which leads me back to the idea of obtaining worth through monetary rewards. It's all well and well to say we need financial support; the question is, do we see ourselves becoming richer as a result of the assistance, or are we doing everything we can to minimize costs so we can get by?

Invest in yourself is a campaign Ninjalo Consultants is doing during its birthday after evaluating what people value and identifying a tendency in businesses' reluctance to do due diligence and use accounting services to handle their money. Hiring an expert accountant can be the difference between a tax refund and a tax expense. Something to think about when evaluating the worth of financial gain.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

© 2022 Kedibone Mphethi

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