Is there an upper limit for tax consultant fees?
January 3, 2024 | 60,00 EUR | answered by Ingo Koch
Dear tax advisor,
My name is Alice Engel and I have a question regarding tax advisor costs. In recent years, I have noticed that the costs for my tax advisory services have significantly increased. I am wondering if there is a limit to these costs and if there are ways to reduce them.
I am self-employed and regularly require the services of a tax advisor to handle my tax returns and tax matters. However, in recent years, I have noticed that the fees of my tax advisor have continued to rise. This is putting a strain on my financial situation and I am wondering if there is a maximum limit to the tax advisor costs that a tax advisor can charge.
I am concerned that the rising costs of tax advisory services could further worsen my financial situation and am therefore looking for ways to reduce costs. Is there room for negotiation with a tax advisor's fees, for example? Or are there alternative methods to receive tax advisory services more cost-effectively?
I would appreciate it if you could assist me and provide me with information on whether there is a limit to tax advisor costs and what options there are to reduce the costs for my tax matters.
Thank you in advance for your help.
Best regards,
Alice Engel
Dear Mrs. Engel,
Thank you for your inquiry regarding the costs of tax advisors. As a tax advisor, I would like to help you and address your concerns.
First of all, there is no fixed upper limit for the costs that a tax advisor can charge for their services. The fees of a tax advisor can vary depending on the complexity of the tax matters, the amount of work involved, and the experience of the tax advisor. It is important to note that tax advisors are legally obligated to charge reasonable fees. These fees must be transparent and comprehensible to the client.
However, there are ways to reduce the costs of tax advisory services. Firstly, you can negotiate with your tax advisor regarding the fees. Often, it is possible to agree on a flat fee for specific services or to arrange for compensation based on hourly rates. It is advisable to discuss the costs with your tax advisor in advance and come to a clear agreement.
Furthermore, you can also consider alternative methods to obtain tax advisory services at a lower cost. This includes the use of online tax advisory platforms, which often offer lower prices than traditional tax advisory firms. These platforms allow you to create tax returns independently and provide support from tax advisors if needed.
It is important to communicate with your tax advisor about your financial situation and work together to find solutions to optimize the costs of tax advisory services. Open communication is crucial to finding a satisfactory solution for both parties.
I hope that I could help you with this information. If you have any further questions or need assistance, I am happy to help.
Best regards,
Ingo Koch, Tax Advisor
