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With a post-recession economy, individuals and businesses are looking for ways to get more but payless. I’m a firm believer you can control your accounting and tax preparation fees by simply making your accountants job easier, thus passing the savings onto you. I like to reward my clients with cash back into their pockets by lowering my fee if they are well-organized, have clean books and/or did the appropriate reconciliations. The cash back savings can vary depending on the complexity of the return and forms needing to be filed. However, here are your 4 tips to lower your tax preparation fees.
STEP 1: DO NOT DROP OFF A BOX OF RECEIPTS
Dropping off a box of receipts with no organization structure is one way to increase your tax preparation fees. It’s important to remember there are plenty of ways and systems to keep your receipts organized thus can make your life easier. Some of them are even FREE! I don’t know about you, but free is always in my budget! You have to remember everybody learns differently so some recommendations on record keeping are better suited for certain individuals. Don’t be afraid if there is any way to lower your tax preparation fees by having clean records.
One Response to 4 TIPS TO LOWERING YOUR TAX PREPARATION FEES
I had no idea that by dropping off receipts, you could actually increase your tax preparation fees. For the whole entire semester, I have been collecting my receipts and been storing them in a shoe box for this reason. Just like you mentioned, however, looking for free online alternatives to receipts might be an easier method and might save you some money with your tax agent. Thanks again for reminding me of using an online system to keep track of my money.