What risks are involved in choosing a cheap tax advisor?
April 26, 2024 | 60,00 EUR | answered by Eva Peters
Dear tax advisor,
my name is Hanna Schröter and I am looking for a tax advisor who can help me with my tax matters. I have already received some offers from tax advisors offering very low prices. However, I am concerned that there may be risks if I choose a particularly cheap tax advisor.
Currently, I am a self-employed individual and I prepare and submit my tax return myself. Since my tax knowledge is limited, I would like to consult a tax advisor to ensure that I do not make any mistakes and can save as much tax as possible. However, I am unsure if a cheap tax advisor has the necessary competence and experience to handle my tax matters professionally.
Therefore, my question to you is: What are the risks of choosing a cheap tax advisor? Is it possible that a cheap tax advisor does not have the necessary qualifications or cannot allocate enough time for my matters? What specific aspects should I consider when choosing a tax advisor to ensure that my tax matters are in good hands?
I thank you in advance for your support and advice.
Best regards,
Hanna Schröter.
Dear Mrs. Schröter,
Thank you for your inquiry and your interest in my consultation services. It is understandable that you are concerned about potential risks when choosing a particularly inexpensive tax advisor. The choice of the right tax advisor is crucial as it involves your financial matters. It is important that you do thorough research and consider various aspects to ensure that your tax affairs are in good hands.
An inexpensive tax advisor may indeed pose risks. One of the main aspects is the qualification of the tax advisor. A particularly cheap tax advisor may not necessarily have the necessary education and experience to handle your tax matters professionally. Therefore, it is important that you gather information about the qualifications and references of the tax advisor beforehand. Check if the tax advisor is licensed and what additional training they have completed.
Another aspect to consider is the amount of time the tax advisor can dedicate to your matters. A very inexpensive tax advisor may have a large number of clients and therefore not have enough time for your tax affairs. It is important to clarify in advance how much time the tax advisor has available for you and how they organize the care of their clients.
To ensure that your tax affairs are in good hands, you should also pay attention to the personal care and the trust relationship with the tax advisor. A good tax advisor takes time for you, listens to you, and provides individual advice. They should be able to answer your questions clearly and support you in making tax decisions.
In summary, choosing an inexpensive tax advisor may pose some risks, especially in terms of qualification, time, and personal care. Therefore, it is important that you do thorough research, compare different tax advisors, and pay attention to the mentioned aspects to ensure that your tax affairs are in good hands.
I hope that this information has been helpful to you. If you have any further questions or would like a personal consultation, I am at your disposal.
Best regards,
Eva Peters
