How can I influence the amount of tax advisor fees?
August 11, 2022 | 50,00 EUR | answered by Petra Lehmann
Dear tax advisor,
my name is Mia Schlosser and I am looking for ways to influence the amount of my tax advisor costs. The background is that as a self-employed person, I regularly have high costs for tax advice and would like to take advantage of potential savings.
Currently, my situation is such that I always have my tax return prepared by a tax advisor, as I am not well versed in tax matters and want to ensure that everything is handled correctly. However, I feel that the costs for the advice are increasing every year and I would like to do something about it.
My concerns are that the rising costs could potentially affect my financial situation in the long term, and I want to sustainably look for more cost-effective solutions. Therefore, I am looking for tips and advice on how to reduce the costs of tax advice without compromising the quality of the service.
Could you possibly suggest alternative consulting models that are more cost-effective? Are there specific tasks that I could take on myself to reduce costs? Or are there other ways I can influence the amount of tax advisor costs?
I hope you can help me and look forward to your support in optimizing my tax advisory costs.
Thank you in advance.
Sincerely,
Mia Schlosser
Dear Mrs. Schlosser,
Thank you for your inquiry regarding tax advisor costs. As a tax advisor, I understand your concerns about the rising costs of tax advice as a self-employed individual. It is important that you look for cost-effective solutions to ensure that your financial situation is not negatively affected in the long term.
There are various ways in which you can influence the amount of your tax advisor costs. Firstly, alternative consulting models may be a more cost-effective option. One possibility could be that you do not engage a tax advisor for every tax return, but only for specific tax-related questions or for reviewing your self-prepared tax return. This can significantly reduce costs.
Furthermore, you could undertake certain tasks yourself to lower costs. For example, you could manage your bookkeeping independently and provide the finished numbers to the tax advisor. This saves the tax advisor time and therefore costs. Careful preparation of your documents can also help reduce the tax advisor's workload and therefore lower costs.
Another approach could be to compare different tax advisors and obtain quotes. Sometimes tax advisors may have different pricing models or offer special deals for self-employed individuals. It's worth exploring different options to get the best conditions.
Lastly, it is important that you openly discuss your cost concerns with your tax advisor. Perhaps there are ways in which they can accommodate you or offer certain services at a lower cost. Good communication is key here.
I hope these tips help you optimize your tax advisory costs. If you have any further questions or would like more detailed advice, I am at your disposal.
Best regards,
Petra Lehmann
