Moving to Hawaii is many people’s dream come true. Sometimes people move for a job or to be with family, and sometimes people save for years and years to relocate to one of the world’s most beautiful locations. After the headache of a long-distance move, the last thing you want to do is fill your day with more unpleasant tasks when there are still boxes to be unpacked, but the sooner you do the important things, the more content you’ll be in your new home.
Find a CPA
Research options for a reliable CPA in Hawaii and hire an accountant to look over your finances today. After the expense of a move, you need an expert to help you manage your finances as you adjust to a new life with a new cost-of-living. A CPA will help you figure out how much of your moving expenses you can deduct on next year’s taxes and how much you can afford to spend on entertainment after you put money aside for savings and bills/debt.
Organize Your Paperwork
Your important paperwork is among the first things you should unpack. Keep a careful record of all of your moving expenses, as you’ll probably need them for taxes. Transfer your important information into a program like QuickBooks and work with a QuickBooks ProAdvisor if you need any assistance.
Plan for Retirement
Get all of the information on your former job’s 401(k) contributions (if applicable) so you can move the money into a new account with the help of your CPA as soon as possible. If you’ve moved to Hawaii in active retirement, plan to make your money last as long as possible.
If you need a reliable CPA in Hawaii, contact Michael J. Yuda’s office today to cross some financial tasks off of your to-do list. The sooner you get your finances in order, the more time you’ll have to focus on everything else Hawaii has to offer. Call or email for a consultation within the first few weeks of your move.