Advice on the Right Adviser

Managing a business often leaves little time for attending to personal finance. If you can't handle that chore, be very careful who does

All businesses need sound financial advice -- and not just at tax time. But be careful about the person you hire as a consultant or adviser. While most are competent professionals, there are also unethical and unqualified people hanging out their shingles in the hope snagging harried entrepreneurs, who sometimes don't take the time they should to check credentials. That's the advice from the Council of Better Business Bureaus (BBB), which advises small-business owners to first seek counsel inside their own companies -- a source many entrepreneurs tend to overlook. Your CPA is often in the best positions to make recommendations about strategies regarding tax, investment, or retirement. You just have to ask.

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