What factors influence the costs of tax consultation?
March 6, 2023 | 50,00 EUR | answered by Petra Lehmann
Dear Tax Advisor,
My name is Gertrud Binder and I have some questions regarding the costs of tax advice. I have not yet had any experience with a tax advisor and therefore I am unsure about how the costs are composed and which factors can influence them.
Currently, I am self-employed and manage my own accounting. However, as my business is steadily growing, I feel like I am slowly losing track and need professional support. I am concerned, though, that the costs of tax advice may exceed my budget.
My main worries are that I do not know exactly what services a tax advisor provides and how they affect the costs. I wonder if there are different billing models and if I should expect additional fees or expenses. Additionally, I am unsure if the size of my business or the complexity of my tax matters will have an impact on the costs.
Therefore, I would like to know from you which factors influence the costs of tax advice and what options there are to optimize these costs. For example, are there flat-rate offers or can I save time and costs through good preparation? I am grateful for any information that helps me better estimate the costs of tax advice.
Thank you in advance for your support.
Sincerely,
Gertrud Binder
Dear Mrs. Binder,
Thank you for your inquiry regarding the costs of tax consulting. I understand your uncertainty and would like to explain in detail how the costs of tax consulting are composed and what factors can influence them.
It is important to know that the costs of tax consulting depend on various factors. The main factors usually include the type and scope of services provided by a tax consultant, as well as the size and complexity of the company. The more extensive and complex the tax matters are, the higher the costs can be.
The services of a tax consultant can be very diverse and range from preparing tax returns to financial accounting to tax advice and planning. Depending on which services you want to use, the costs can increase accordingly.
There are various billing models in tax consulting. The most common form is billing by the hour. The time spent by the tax consultant on your tax matters is invoiced. Alternatively, there are also flat-rate offers where a fixed amount is agreed upon for certain services. By preparing well, you can actually save time and optimize costs. The better you prepare your documents and the more structured your accounting is, the more efficiently the tax consultant can work.
Additional fees or expenses may arise, for example for the transmission of electronic tax returns or for the preparation of annual financial statements. It is important to clarify with your tax consultant in advance which services are included in the price and what additional costs may arise.
In general, it is advisable to inform yourself in advance about the different offers and prices of tax consultants and, if necessary, obtain several quotes. This way, you can better compare costs and choose the offer that is right for you.
I hope this information is helpful to you and I am available for any further questions.
Best regards,
Petra Lehmann
