Get in the habit of preparing an annual balance sheet. Your net worth is simply the difference between your assets and debts. Comparing your balance sheet from year to year will show you how and if your financial world is improving. Be sure to involve your spouse in gathering the information for the balance sheet.
Gilliland & Associates, PC is a full-service CPA firm specializing in tax planning for individuals and businesses in the Northern Virginia area. We are based in Falls Church, VA and also service clients in the McLean and Tysons Corner, VA. Gilliland & Associates specializes known for our superior knowledge and aggressive interpretation and application of tax laws, we help you keep more of your earnings by finding you the lowest possible tax on your business or personal tax return. You can connect with us on Google+, LinkedIn, Facebook, and Twitter.