Life is full of big changes—some exciting, others difficult. Whether you’re getting married, going through a divorce, having a baby, starting a business, or retiring, these moments can affect your finances in many ways. That’s where a CPA (Certified Public Accountant) can help. A CPA is trained to help you understand the financial side of life changes and make smart decisions for your future.
At Marcus, Fairall, Bristol + CO., PLLC, we understand that big life events can feel overwhelming. But you don’t have to face them alone. Our team of professional CPAs in El Paso is here to help. Call us today at (915) 775-1040 to schedule a consultation and get peace of mind for your financial future.
Marriage and Your Finances
Getting married is a joyful time, but it also brings big financial changes. A CPA can help newlyweds understand how marriage affects their taxes, bank accounts, and long-term planning. Should you file taxes jointly or separately? Should you combine bank accounts? What about student loans or credit card debt?
A CPA can sit down with you and your spouse to look at your full financial picture. They can help you create a budget, set savings goals, and plan for big things like buying a house or starting a family. Starting off on the right foot with a CPA can help prevent money problems later on.
Divorce and Financial Separation
Divorce is never easy, and the financial side can be especially stressful. When a couple separates, they often have to divide property, savings, and debt. This can lead to confusion and even conflict. A CPA can help make this process clearer and fairer for everyone involved.
A CPA can assist with figuring out who gets what and how it affects your taxes. They can help you understand how alimony or child support may impact your income. They can also help you plan a new budget as a single person and guide you on how to rebuild your savings and retirement accounts.
Retirement Planning
Retirement is something we all look forward to, but planning for it takes time and knowledge. A CPA can help you figure out how much money you’ll need in retirement and how to save for it. They can also guide you on when to take Social Security, how to handle pensions, and how to avoid paying too much in taxes during retirement.
If you’re close to retiring, a CPA can review your retirement accounts and help you make smart choices about withdrawing funds. If you’re still working, they can help you set up an IRA or 401(k) plan and build a savings strategy that fits your lifestyle.
Starting a Family
Having a child is a huge blessing—but it also comes with new costs and responsibilities. From daycare and diapers to college savings, it’s important to plan ahead. A CPA can help new parents make sense of these changes and create a financial plan that works for the whole family.
An El Paso CPA can also help you take advantage of tax credits for families, like the Child Tax Credit or Dependent Care Credit. They’ll make sure you’re getting every tax break you qualify for, which can mean big savings each year.
Buying or Selling a Home
Buying a home is a big financial move, and selling one can be just as important. A CPA can help you understand the tax rules around both. For example, did you know that some of the money you make from selling your home may be tax-free? Or that mortgage interest may be deductible?
A CPA can explain how homeownership affects your taxes and help you plan for future costs like maintenance, property taxes, and insurance. If you’re selling a home, they can help you calculate your capital gains and understand your tax responsibilities.
Starting or Ending a Business
Starting your own business is exciting, but it’s also full of decisions that affect your finances. A CPA can help you choose the right business structure, set up bookkeeping systems, and make sure you follow all tax laws. They can also help you understand your startup costs and plan for profits.
If you ever decide to sell or close your business, a CPA can help with that too. They’ll make sure your business taxes are filed correctly and that you don’t miss out on deductions or credits.
Inheritance or Loss of a Loved One
Losing a loved one is hard emotionally—and financially. If you inherit money or property, a CPA can help you understand what to do next. There may be taxes to pay or choices to make about investments, real estate, or bank accounts.
A CPA can also help you handle the financial side of managing someone’s estate, especially if you are named as an executor. They’ll guide you through the paperwork, tax returns, and reporting requirements.
Why Choose Marcus, Fairall, Bristol + CO., PLLC?
At Marcus, Fairall, Bristol + CO., PLLC, we have helped people across El Paso manage life’s biggest changes with smart, caring financial advice. Our experienced CPAs are ready to sit down with you, listen to your needs, and provide clear, step-by-step guidance for your unique situation.
No matter what life throws your way—marriage, divorce, retirement, or anything else—we’re here to help you stay on track.
CPA in El Paso
Life is full of change. Some moments are exciting, others are difficult—but all of them affect your money. Working with a trusted CPA gives you peace of mind and helps you make the best financial choices for your future.
If you’re facing a major life change or just want to plan ahead, now is the time to take action. Call Marcus, Fairall, Bristol + CO., PLLC today at (915) 775-1040 to schedule your appointment. Let our friendly and experienced CPAs help you navigate whatever comes next—with confidence.