As an investor, you are probably always busy worrying about where to set up your next shop, how much money you should pay your employees, who you can trust as your manager which car you plan on buying or maybe where you plan to go for your next vacation.

Important as these worries may be to you, are they really all that you should be thinking about?

Filing taxes is probably one of the most annoying bits of their lives that most people DON’T look forward to, and some equally forget or ignore to do so only to be haunted in their sleep by the debt collector.

Evading taxes, especially for a US citizen is a crime that you do not want to be part of as an investor. Doing so will have the IRS come after you, and by the time they are done, you will probably end up hating the idea of having money.

So why do you need an Accountant?

Owning your own business or company means that you are the boss and, therefore, have the ability to employ people to do work that you would have otherwise been doing on your own.

As you select the people to help you manage your investment, whatever it may be, you can never go run with having an accountant close by to take care of your financial records.

An accountant will oversee your payroll processing plan and ensure your returns are filed on time to ensure your investment get to stay off the debt collector’s radar. In addition to helping you keep track of your returns they can help you manage your budget to cut of costs and even provide you with the right ideas for future investments.

Philip Stein and Associates

Philip Stein and Associates is one such accounting expert that you can never go wrong with by having them take care of and manage your financial records.

This reputable tax company has over 4 decades worth of experience providing tax services for people living and investing abroad, especially for US and Israeli citizens.

The firm manages taxes for thousands of individuals globally and also boasts of having vast knowledge in the US taxation system and laws. Individuals looking to invest abroad have the additional advantage of getting advice from reputable accountants who are personally assigned to them to ensure they get everything they need on time.

Philip Stein and Associates have also partnered with financial advisors, lawyers and other reputable specialists worldwide to ensure they also get to cater for clients with specific needs.

This firm will not only ensure that your returns are properly filed and updated, but, you will also have the option of taking part in the actual structuring of the financial plans if you need to keep your own records.

Having Philip Stein and Associates work for you may just be the best investment you can ever make.

By Sumeet Manhas

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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