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How to Save on Accountant's Fees |
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If you hire an accountant, you will want to make sure that you are getting value for money. Here are a few tips which may help you bring down your accountancy fees:
- File your invoices and receipts and reference them to your records
- Fill in your cheque book stubs, keep all your bank statements and paying in slips/books in order
- Send your records and information to your accountant as early as possible
- Don’t leave things to the last minute. Urgent tasks just before the self-assessment deadline will generally be more expensive
- Stay in contact with your accountant and build a good working relationship with them. Don’t wait until year-end to tell your accountant of any significant events that have happened in the previous twelve months.
- Anticipate as much as possible and plan for them
- Authorise your bookkeeper / accountant to carry out E-filing on your behalf
- Communicate by email or telephone rather than by letter
- Use an accounts package
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