Here are 5 easy tips to help lower your accounting fees … Let’s face it – everyone wants to pay as little as possible to get work done – accounting, mechanical, whatever!
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Have your information to your accountant at least 6 weeks before the due date
Your accountant needs time to work and generally, the earlier you are in the queue, the faster you have your file back! Lower the stress level for you and your accountant by bringing in your work earlier rather than later.
Nothing will increase your fees like bringing a black garbage bag full of little balls of receipts.
Your system does not have to be complicated and can range from expand-a-files to computerized accounting software programs. Your accountant can help you design a system that will work for you.
Double check so you don’t miss any receipts or income receipts! Summarize and reconcile as much as you can.
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Respond quickly to requests or questions
Please get back to your accountant’s questions as quickly as you can. That way, you stay on top of their work pile
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Don’t go for the cheapest accountant or bookkeeper
You get what you pay for! Do some research and ask friends who they recommend. Meet with several accountants to see who “fits” with your personality and needs. A good accountant will be an invaluable asset, helping with your present and future tax and business needs.
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Keep the accountant in the loop
As you conduct your daily business, remember to keep the accountant informed when things change for you or your business.
Following the above tips will help to lower your accounting fees and make the relationship between you and your accountant more effective. Call me if you have any questions at 250-212-0786.