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handy tax hints


11 EASY STEPS TO HELP YOU MINIMISE ACCOUNTING COSTS

  1. Efficient computerisation – make sure that you understand the computer packages you buy. If you do not understand what you are doing, your chances of getting it right are small. If you do not get it right, we will have to spend more time finding the errors.
  2. Provide all the information in the first instance.  Accountants will charge you for chasing up information they do not have.  If you are not sure what to provide, please call your accoutnant.
  3. Summarise and reconcile as much as possible
  4. Explain any unusual events at the initial meeting with your Accountant
  5. Ask yourself the question "can I attend to this without contacting my Accountant" i.e. sometimes you may contact us to fax copies of documents which you may already have in your possession e.g. Tax Returns.
  6. Discuss with our staff areas that can be improved or work that you can do to present the job better.
  7. Use our Assistants for the minor things and use the Accountants only for the important things.
  8. Use the Secretary for secretarial matters and not the Accountants.
  9. Provide missing information quickly.
  10. Do most of the running around yourself e.g. calling banks / solicitors, collecting statements etc.
  11. Use email and our website to ask for answers to questions. If you don't have email, contact us because we can arrange a solution

    12. And Remember that Accountants sell time.  The more time we spend on the job, or talking to you, the more it will cost.