How often should I seek advice from my tax advisor?
March 22, 2022 | 50,00 EUR | answered by Ingo Koch
Dear tax advisor,
my name is Simon Freudenberger and I am a self-employed entrepreneur. In recent years, I have only consulted my tax advisor once a year to submit my tax return. However, I am now wondering if it would be beneficial to seek advice more frequently in order to better utilize tax optimization opportunities.
I am concerned that as a self-employed individual, I may not be benefiting enough from my tax advisor if I only consult them once a year. Perhaps I am missing out on opportunities to save taxes or make my business more efficient. I also wonder if it would be advisable to schedule regular consultation appointments to keep a closer eye on ongoing tax matters and identify potential risks early on.
Could you please provide me with your assessment of how often I should consult my tax advisor? Would it be advisable to schedule regular appointments or is it sufficient to meet once a year? What are the advantages of more frequent consultation and how could this positively impact my tax situation? I would be very grateful for your expertise and advice.
Thank you in advance.
Kind regards,
Simon Freudenberger
Dear Simon Freudenberger,
Thank you for your inquiry and your interest in regular tax consulting. As a self-employed entrepreneur, it is important to regularly exchange with your tax advisor in order to better utilize tax optimization opportunities.
It is indeed beneficial to consult with your tax advisor more than once a year. Through regular consultation sessions, you can not only take advantage of tax opportunities, but also identify potential risks early and react to them. A continuous collaboration with your tax advisor can help make your business more efficient and optimize your taxes.
Regular consultation sessions also allow you to benefit from current tax law changes. Your tax advisor can inform you about new tax benefits and help you optimize them for your business. Additionally, he can assist you in planning your tax matters and help you identify possible tax-saving opportunities.
Therefore, it is recommended to schedule regular consultation sessions with your tax advisor to keep an eye on your tax situation and benefit from his expertise. A continuous collaboration can have a positive impact on your tax situation and help make your business more efficient.
I hope that this information was helpful to you and I am available for any further questions. Thank you for your trust and your inquiry.
Sincerely,
Ingo Koch, Tax Advisor
