5 Financial Moves You Should Never Make Without Your Accountant’s Advice

As a small business owner, you wear many hats — but one of them shouldn’t be “accountant.” While it’s tempting to make fast decisions when opportunity strikes, certain moves can have major financial or tax consequences. Before you jump, it’s smart to consult your accountant. Here’s a short list of situations when picking up the phone can save you money and stress.

1. Starting a new business or changing your business structure: Switching to an S-Corp or LLC might sound great — but it impacts taxes, payroll, and legal protections.

2. Selling stocks, real estate, or crypto: Capital gains can trigger big tax bills, and smart timing or tax strategies can help.

3. Taking early distributions from retirement accounts: You may face penalties or unexpected taxes — get advice before touching that money.

4. Panic over an IRS notice: Many IRS letters are routine or fixable. An accountant can help you respond calmly and correctly.

5. Hiring employees or switching contractors to employees: This change affects payroll taxes, workers’ comp, and HR compliance.

When in doubt, don’t guess — ask! As your Tucson tax accountant, I’m here to help you navigate these moments so you stay compliant and confident. Reach out before making big financial moves — your future self will thank you.