Slash your Accountant's Fees

There are a number of ways in which you can help minimise the fees that you pay to your accountant.

These include the following:

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

  • Good records
    Provide your accountant with good, accurate and clean records

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

  • Learn business 
    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.

  • Pay tax on time 
    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.

  • Make a list of queries 
    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 the lower your fees would be.

© 2005 StartRunGrow

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