Could a Career In Accountancy be Good for You and Your Family?

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When you have no responsibilities, the world of careers can feel limitless. You can choose to do absolutely anything, dropping one role and moving to another relatively carefree. But when you have kids and a family, you can quickly find yourself stuck in the role you happened to be in when you had your kid. You want to maintain stability. You want security. You want to provide your little ones with everything they could possibly need with as much ease and convenience, and as few bumps as possible, along the way. This is understandable. This is such a shame though. So many people end up staying in jobs they’re barely interested in. Something they planned to be temporary or a stepping stone. Really, you have just as much opportunity now as you’ve ever had. It’s never too late or too difficult to change career paths. In fact, your whole family could massively benefit from you following a new career. If you’re looking for something with potential that can provide well for both you and your little ones, you might want to consider scoping out something in the realms of finance. There’s always plenty of money to be made here. You also pick up pretty useful skills for your own personal use too! Financial careers tend to have great starting wages (meaning you don’t have to work for years to end up somewhere comfortable). They also often have plenty of room for advancement and further career opportunities if you’re looking for something that will be hugely fulfilling! There are so many roles in this area that it would be nigh on impossible to advise on all of them in just one article – investment banking, trading, analytics, financial advisory positions, jobs in the financial media and much more. So, for the moment, let’s focus on one – accounting. This is one of the most accessible financial job roles and there always tends to be plenty of demand for a good accountant, so you should be able to find a role pretty easily!

What Does an Accountant Do?

Now, if you’re considering becoming an accountant, it’s a good idea to know what an accountant actually does. Put simply, an accountant’s job involves preparing and examining others’ financial records on their behalf. If you become an accountant, businesses or self-employed individuals will come to you with their financial records so that you can work out exactly how much tax they should owe at the end of the fiscal year. This can allow them to put enough money aside from their profits to pay this bill on time while avoiding any fees or fines that they could incur for late submission or submitting an incorrect return. You could also find that you become employed by a company to work out the tax that they should be deducting from their employees’ salary too.  On top of this, people will generally hope that you can show them any expenses that can be deducted from their final bill, allowing them to pay less than if they’d attempted to work things out for themselves without any specialist knowledge. You could also find yourself giving advice  on how to maintain good and accurate records and showing businesses different laws and regulations they need to abide by to stay on the right side of the law. Your services will be indispensable!

Expected Salary

Of course, you’re going to want to know what kind of salary you can expect if you go into this field. The good news is that accounting can provide you with more than enough to maintain your family and give them the best in life. Once you get going, you can expect an average salary of $68,150 a year. If you do particularly well, you can advance. The average for the top-earning accountants is around $120,910 a year!

Educational Requirements

Of course, you’re going to have to follow an education if you want to do well in accounting. It’s a strictly regulated industry and you’re going to have to work hard to become qualified. Study with a reputable university or college, like the University of Nevada Reno. Sure, studying can be hard work, but it’s more than worth the effort and investment you’ll make. You may also enjoy a return to higher education. Nowadays, there are more and more options that can make learning more flexible, so you can fit your studies around your family and any other commitments you may have. Never underestimate your own abilities. If you have drive and are willing to organise yourself and put the effort in, you could be graduating before you know it!

Progression

Most of us really focus on potential for progression in our careers. Not only do we want to earn more, but consistently achieving, reaching goals and moving forward can give us positive feelings, such as fulfillment. To progress in accountancy, you simply need to work hard and gain as much experience as possible. The better a job you do each time, the more positive reviews and recommendations you will get, driving more and more clients into your arms. As demand for your work increases, you can increase what you charge and maintain some of the best-paying clients as time goes on.

Now, you may not have considered accounting before. But there’s no better time than the present to move onto a career path that can really care for you and your family, providing you all with absolutely everything you need in life! Hopefully, the above advice has helped to make you more aware of a field that can tick all of your boxes, as well as a few tips and tricks that can help to pave your way to success.

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