Which criteria influence the amount of tax advisor costs?
June 15, 2022 | 50,00 EUR | answered by Petra Lehmann
Dear tax consultant,
My name is Dietrich Ullmann and I am currently facing the decision of hiring a tax consultant. Since I have never dealt with this topic before, I am unsure which criteria can influence the amount of tax consultant fees.
I currently run a small business in the IT industry and have noticed that my tax affairs are becoming more complex. I want to ensure that my tax returns are submitted correctly and on time, while also ensuring that the costs remain within budget.
My concerns mainly lie in not knowing exactly what services a tax consultant provides and how this affects the costs. I also wonder if the size of my business, the nature of my income, or other individual factors play a role.
Therefore, my question to you is: What criteria influence the amount of tax consultant fees and how can I, as a business owner, determine which services I actually need to fulfill my tax obligations? Are there ways to save costs without compromising the quality of tax advice?
Thank you in advance for your help and support.
Sincerely,
Dietrich Ullmann
Dear Mr. Ullmann,
Thank you for your inquiry regarding the costs of tax consultants and the criteria that can influence them. As a tax consultant with many years of experience in servicing companies in the IT industry, I would be happy to assist you and explain some important aspects.
The amount of tax consultant costs can depend on various factors. The most important criteria include the type and scope of services provided by a tax consultant. The more complex your tax matters are, the higher the costs may be. This can be the case, for example, if you as a business owner have different sources of income, operate internationally, or need to clarify complex tax issues.
The size of your company can also play a role. For smaller companies, the costs are generally lower than for larger companies with extensive accounting and tax declaration obligations. Additionally, individual factors such as the number of employees, the nature of the business activities, and the legal form of the company can influence the costs.
To determine which services you actually need as a business owner to fulfill your tax obligations, I recommend that you contact a tax consultant. In a personal meeting, the tax consultant can analyze your individual situation and offer you tailored solutions. Together, you can clarify which services are beneficial for your company and how you can save costs without compromising the quality of tax advice.
There are various ways to save costs, such as by taking on some accounting tasks yourself or regularly organizing and preparing your documents. Good communication with your tax consultant and clear agreements on service provision can also help keep costs within budget.
I hope this information is helpful to you and I am available for any further questions. Thank you for your trust, and I look forward to being able to support you with your tax matters.
Best regards,
Petra Lehmann
Tax Consultant
