Is there a way to avoid tax advisor fees?
June 27, 2023 | 60,00 EUR | answered by Eva Peters
Dear tax advisor,
My name is Hanna Otten and I am looking for ways to avoid tax advisor costs. I am facing the situation that as a self-employed individual, I have to pay high costs every year for the consultation and support of a tax advisor. These costs burden my business and reduce my profit. I wonder if there are alternative ways to reduce or even completely avoid tax advisor costs.
I have tried to prepare my tax return myself, but quickly reached my limits and am afraid of making costly mistakes. I have also considered using tax software to save on the costs of a tax advisor, but I am unsure if this solution is truly effective and if I might overlook important details.
I am looking for ways as a self-employed individual to make my tax return as efficient as possible in order to avoid or at least reduce the costs of a tax advisor. Are there specific tips or tricks that I can consider to make my tax return easier and more cost-effective? Are there perhaps government funding programs or tax benefits that can help me avoid tax advisor costs?
I would greatly appreciate your helpful tips and advice.
Best regards,
Hanna Otten
Dear Mrs. Otten,
Thank you for your inquiry regarding reducing or bypassing tax advisor costs as a self-employed individual. It is understandable that the advice and support of a tax advisor incur high costs each year and thus reduce your profit. There are indeed various ways in which you as a self-employed individual can efficiently manage your tax return to bypass or at least reduce the costs of a tax advisor.
First of all, it is commendable that you have attempted to create your tax return yourself. This shows your dedication and willingness to engage with the complex topic of taxes. However, it is important to consider that errors in the tax return can be costly. Therefore, it is advisable to at least consider having a tax advisor professionally review your self-prepared tax return. This can reduce costs, as the tax advisor is only responsible for the review and any necessary corrections.
Another way to save costs could be the use of tax software. There are numerous programs on the market that can help you create your tax return. These programs are generally cheaper than the services of a tax advisor. However, it is important to thoroughly research the functions and capabilities of the software in advance to ensure that no important details are overlooked.
Furthermore, there are government funding programs and tax advantages that can help self-employed individuals bypass or reduce tax advisor costs. Inquire with your tax office or local Chamber of Commerce about possible support options. Often, there are funding programs for start-ups or specific tax benefits for self-employed individuals in certain industries.
In summary, there are various ways to reduce or bypass the costs of a tax advisor. It is important to thoroughly research in advance and, if necessary, seek professional help to avoid errors. I hope that my tips are helpful to you and wish you success in optimizing your tax return.
Best regards,
Eva Peters
