# A Beginner’s Guide to Financial Soundness in 2019
As we step into a new year, it’s important to assess our financial status and make the necessary changes to set ourselves on the right path. Whether you’re a small business owner or an individual looking to get your finances in order, these 5 easy steps can help you achieve financial soundness in 2019 and beyond.
## Step 1: Find the Perfect Accountant
One of the most important steps in achieving financial soundness is finding the right accountant who can help you manage your business expenses, exemptions, and taxes. Here are a few qualities to look for in an accountant:
– Understands Your Business Needs
– Specializes in the Small Business Sector
– Provides Thorough Advice on Business Growth and Profits
It’s important to cut no corners when it comes to your books; ensure that your accountant holds all the necessary qualifications and certifications, and above all, be trustworthy. You can find someone who is the total package by asking for recommendations from your network of colleagues and associates.
## Step 2: Begin Automatic Investing
There are plenty of apps that allow for easy, automatic investing on the World Wide Web. With just a few touches on your smartphone, you can create an account, connect it to your bank account, and start investing.
One of the easiest automatic investing platforms is an app called Acorns. As you spend, Acorns rounds up your spending to the next dollar and invests the difference. You can also choose other apps that cater to your investing needs, such as Robinhood, that can customize your trading experience to fit your level of skill and expertise.
## Step 3: Save for Retirement
Saving for retirement can seem daunting, but it’s essential to start as early as possible. Even if you don’t think you have enough money to start saving, it’s vital to start setting some money aside and make small adjustments to your pricing structure or expenses. It’s also recommended to meet with a financial advisor to create a reasonable plan that fits your timeline.
## Step 4: Learn About Updated Tax Laws
As a small business owner, it’s important to stay abreast of updated tax laws that may affect your business. Meet with your accountant or tax advisor and inquire about new employment taxes, minimum wage laws, or other relevant changes.
## Step 5: Get a Planner
Hiring a financial planner may seem excessive, but it’s a wise choice for anyone who owns a small business, regardless of its age. Financial planners help people meet their financial goals, even if you don’t know what those goals are yet. The options for a planner range from automated services like Acorns and Robinhood to in-depth analysis from human financial advisors.
By following these five easy steps, you’ll be on track to achieve financial soundness in 2019 and beyond. Remember, being financially sound starts with small steps and thoughtful financial planning.
