What additional costs can be incurred in addition to the tax advisor fees?
April 7, 2022 | 55,00 EUR | answered by Eva Peters
Dear tax advisory team,
My name is Christine Breitwieser and I have a question regarding tax advisor costs. I am currently in a situation where I would like to have my tax return prepared by a professional tax advisor. Now I am wondering what additional costs could arise besides the actual tax advisor fees.
I am unsure if there might be additional fees or expenses that I have not considered. There may be costs for handling special cases or for additional services provided by the tax advisor. Also, the resolution of potential tax disputes or the involvement of external service providers could incur additional costs.
As a layperson in the field of taxes, I cannot accurately assess what costs I may incur, so it would be very helpful for me if you could outline possible scenarios for me. I would like to know in advance what financial expenses I should expect when engaging a tax advisor, so that I can plan my finances accordingly.
I am also interested in whether there are ways to avoid or reduce additional costs. Are there specific measures I can take to keep the costs for tax advice within a certain limit? I would greatly appreciate your detailed advice on this matter and thank you in advance for your support.
Sincerely,
Christine Breitwieser
Dear Mrs. Breitwieser,
Thank you for your inquiry regarding the costs of a tax advisor. As a tax advisor with years of experience in the industry, I am happy to provide you with all the information on this topic.
The costs for the services of a tax advisor usually consist of various factors. Firstly, there are the actual tax advisor fees, which can vary depending on the scope and complexity of your tax return. These costs are typically calculated on an hourly basis or a flat fee can be agreed upon.
In addition to the tax advisor fees, there may be additional fees for handling special cases or specific tax issues. Handling possible tax disputes or involving external service providers such as lawyers can also incur additional costs. However, these should be discussed and communicated with you in advance.
To avoid or reduce additional costs, I recommend clearly communicating from the beginning what services you expect from the tax advisor and what costs you are willing to bear. A clear agreement on services and costs in advance can prevent misunderstandings and unexpected expenses.
Furthermore, you can keep the costs for tax advice within budget by preparing and organizing all relevant documents and information for your tax return and providing them to the tax advisor in a structured manner. The better the documents are prepared, the more efficiently the tax advisor can work and save costs.
I hope this information has been helpful to you. If you have any further questions or require advice, please feel free to contact me.
Best regards,
Eva Peters, Tax Advisor
