How can I prepare myself as an entrepreneur for a meeting with my tax advisor?
January 30, 2023 | 60,00 EUR | answered by Ingo Koch
Dear tax advisor,
I am Verena Götzinger and I run a medium-sized company. In recent years, I have noticed that my tax advisor costs have increased significantly without receiving a clear explanation for it. I often feel overwhelmed during my conversations with my tax advisor and feel unprepared. Therefore, I would like to prepare specifically for this in order to make the conversation more effective and possibly save costs.
Currently, I feel uncertain about my tax obligations as a business owner and what information my tax advisor needs from me to assess my tax situation correctly. I also feel that I do not always ask the right questions and overlook important details that could be relevant for tax advice.
I would like specific tips and advice on how best to prepare for the conversation with my tax advisor. What documents should I bring? What questions should I ask to better understand my tax affairs? Are there specific aspects I should pay attention to in order to make the collaboration with my tax advisor more efficient and minimize costs?
I look forward to your helpful tips and suggestions to prepare me optimally for future conversations with my tax advisor and to better manage my tax affairs.
Thank you in advance.
Sincerely,
Verena Götzinger
Dear Mrs. Götzinger,
Thank you for your inquiry and your interest in effectively preparing for discussions with your tax advisor. It is understandable that you may feel uncertain and are seeking ways to better understand your tax matters and minimize costs. I would like to give you some specific tips and advice on how to best prepare for your discussions with your tax advisor.
First and foremost, it is important that you have all relevant documents and papers ready for the discussion with your tax advisor. This includes your income tax return, financial statements, business evaluations, as well as all receipts and payment records. The more complete and structured your documents are, the more efficiently your tax advisor can analyze your tax situation and provide you with appropriate recommendations.
Furthermore, you should inform yourself about your tax obligations as a business owner before the discussion. This includes tax return deadlines, special tax regulations, and potential tax optimization opportunities for your business. This way, you can ask targeted questions and actively participate in shaping your tax situation.
It is also important to communicate openly and transparently with your tax advisor. Discuss your goals, wishes, and expectations clearly and jointly establish a concept for future collaboration with your tax advisor. This will help prevent misunderstandings and ensure efficient and cost-effective advice.
I also recommend having regular discussions with your tax advisor to continuously monitor your tax situation and make adjustments if necessary. Take this opportunity to ask questions, clarify uncertainties, and work together with your tax advisor to find solutions.
In conclusion, I want to emphasize that good preparation and open communication with your tax advisor are crucial to efficiently manage your tax matters and minimize costs. Do not hesitate to ask questions and prepare specifically for your discussions to make the most out of your collaboration with your tax advisor.
I hope that my tips and advice will be helpful to you and wish you success in your future discussions with your tax advisor.
Best regards,
Ingo Koch
