Biz Tip #10 is all about saving the pennies and pounds with your Accountant!
Here are some 'quick wins' to keep those accountancy fees down, and value received, up:
1: Books & Records: By far the most significant way you can reduce your fees is by doing the bookkeeping well. At its most basic level, this could be a simple spreadsheet of ins and outs. To get maximum savings, you must reconcile the bank.
2: Identify which specific services you need the accountant to provide. Good accountants will demonstrate clearly the impact that each service line has upon their fee.
3: Areas such as payroll can often be performed more economically by a specialised bureau, rather than your accountant. Can you outsource this particular task?
4: Keep in touch with your accountant! The accountant can't do a lot in the way of tax advice if he only finds out after the event that you've sold an investment property for instance. A lot more could be done in advance!
5: If you like and value your accountant, can you recommend business to them? The accountant will be mindful of this when performing fee reviews.
At TaxAssist Accountants in Plymouth we've recognised that getting value from us is fundamental to the service clients want. We price new work from a fixed price menu to demonstrate this, and then actively help clients progress to the right accounting solution for their business.
PS: SPECIAL FESTIVE OFFER
****We love online accounting so much, as a special Christmas pressie are including a full years Kashflow license at no extra cost throughout December for all new client sign ups****
There is a small amount of small print, pls email us at plymouth@taxassist.co.uk !
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