Checklist for Slashing your Accountants Fee

  • Keep in touch with your accountant so that problems don’t arise and your accountant has to charge extra in trying to resolve them

  • Provide your accountant with good, accurate and clean records

  • Make sure you have in place proper accounting and bookkeeping systems so that all the information can be extracted easily

  • If you do not understand business then take a basic business course or attend business seminars so that you can communicate easier with your accountant on business matters. You may also be able to carry out some of the work that you would usually send to your accountant.

  • Make sure you pay tax and other costs by the deadlines advised by your accountant. Overdue payments may cause problems which will require your accountant to sort out and thus increase your fees.

  • When you go to see your accountant do some homework. Make a list of all the things that you want to bring up with your accountant including your suggestions and queries.

  • The less time you spend with your accountant – the lower your fee will be. If you are clearer on what you want, this will save a lot of time and a lot of accounting cost.

  • The more knowledgeable you are, and the clearer your queries then the quicker your accountant would be able to help you and the lower your fees would be.

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