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What advice should the accountant give the two friends? (Just a general question)

What advice should the accountant give the two friends? (Just a general question)

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Answer #1

An accountant carries a wealth of knowledge that comes from working with clients from all spheres of business. Thus can provide an unbiased sounding-board for their friends, warn them on potential risks and alert on new opportunities for investing money in the market. An accountant can educate their friends on legally ways to reduce their tax bill. They can also advice on creating a long-term financial plan for things such as retirement and saving for college for the children.

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