What costs can arise during tax consultation?
August 5, 2022 | 60,00 EUR | answered by Eva Peters
Dear tax advisor,
my name is Karl Höfer and I am looking for tax advice. I have not had any experience with tax advisors so far and therefore I am unsure about what costs could be involved. I am self-employed as a freelancer and I have heard that the costs for tax advice can vary depending on the scope of services and complexity of the tax situation.
I am worried that the costs for professional tax advice could exceed my financial capabilities. Therefore, it would be important for me to know what costs could arise in my case and if there are ways to reduce or optimize these costs.
Could you please give me an overview of the different cost components of tax advice? What fees and charges are usually incurred and how are they calculated? Are there ways to save costs, for example through efficient preparation and follow-up of my documents or by using digital tools?
I look forward to your response and thank you in advance for your help in clarifying my questions.
Kind regards,
Karl Höfer
Dear Mr. Höfer,
Thank you for your inquiry regarding the costs of tax consultancy. As a self-employed freelancer, it is understandable that you are concerned about how the costs of professional tax consultancy could affect your financial capabilities. I am happy to provide you with an overview of the various costs associated with tax consultancy and show you ways in which you can save costs.
The costs of tax consultancy usually consist of various fees and charges. Tax consultants typically follow the Tax Consultant Compensation Regulation (StBVV), which regulates the amount of fees for tax-related activities. However, the specific costs depend on various factors such as the scope of services, the complexity of the tax situation, the amount of time required, the experience of the tax consultant, and the regional location.
Usually, the fee is calculated either based on a fixed hourly rate or a flat fee is agreed upon. When billing by the hour, the actual hours worked by the tax consultant are calculated, while with a flat fee, a fixed amount is agreed upon for certain services. Additionally, fees for special services such as tax returns or annual financial statement audits may also apply.
To save costs, it is important to ensure efficient preparation and follow-up of your documents. The better and more complete your documents are prepared, the less time the tax consultant will need for processing, and the lower the costs will be. You can also benefit from digital tools that facilitate and make the collaboration with your tax consultant more efficient.
Overall, it is possible to optimize the costs of tax consultancy by preparing well, collaborating efficiently with your tax consultant, and using digital tools. I am happy to answer any further questions you may have and look forward to being able to assist you with your tax consultancy.
Best regards,
Eva Peters
