What advantages do I have if I choose a more expensive tax advisor?
May 22, 2022 | 60,00 EUR | answered by Siegfried Eckstein
Dear tax consultant,
My name is Greta Endres and I am faced with the decision of which tax consultant to engage for my tax affairs. So far, I have been working with a cheaper tax consultant who has provided me with good services, but I am wondering if it could be worth it to choose a more expensive tax consultant.
The current situation is as follows: My current tax consultant has reliably supported me in preparing my tax return and helped me save taxes. However, I feel like I may not be fully utilizing the potential of my tax options. I am wondering if a more expensive tax consultant could possibly give me better tax advice that would pay off financially in the end.
My concerns are that I may end up spending more money on a more expensive tax consultant without receiving a noticeable added value. I want to ensure that the higher tax consultant costs are actually worth it and result in tax savings or other benefits in the end.
So my question to you is: What specific advantages could I have if I decide to hire a more expensive tax consultant? Could a more experienced tax consultant with specialized expertise help me save more taxes or minimize tax risks? Are there additional services or benefits that a more expensive tax consultant could offer that would surpass my current tax consultant?
I look forward to your expertise and assessment to make my decision. Thank you in advance.
Sincerely,
Greta Endres
Dear Mrs. Endres,
Thank you for your inquiry regarding the selection of a tax advisor for your tax matters. It is understandable that you are considering whether the higher costs of a more expensive tax advisor are worth it in the end and whether you could potentially benefit from additional advantages.
First of all, it is important to understand that the costs for a tax advisor depend on various factors, such as the size of the firm, the experience of the tax advisor, the location, and the services offered. A more expensive tax advisor does not automatically mean that you will receive better advice. Rather, it depends on whether the tax advisor has the specific expertise and experience to meet your individual tax needs.
An experienced tax advisor with specialized knowledge can indeed help you save more taxes or minimize tax risks. With his expertise, he may be able to show you tax-optimized solutions that help you maximize your tax potential. Moreover, an experienced tax advisor can assist you with complex tax questions or optimize your tax situation.
Furthermore, more expensive tax advisors often offer additional services that go beyond the usual tax matters. These may include advice on business formation, preparation of financial and liquidity plans, assistance with tax audits, or tax structuring in succession planning. These additional services can help you optimize your financial situation holistically and achieve long-term success.
In conclusion, it is important that when choosing a tax advisor, you not only focus on the price, but especially on the quality of advice and the expertise of the tax advisor. It is worth comparing different tax advisors, obtaining references, and having a personal conversation to find out which tax advisor best suits you and your tax needs.
I hope that I was able to help you with this information and I am available for further questions. Thank you for your trust and inquiry.
Best regards,
Siegfried Eckstein
