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, which may or may not work for your particular business.

1. File your invoices and receipts and reference them to your records.
2. Fill in your cheque book stubs, keep all your bank statements and paying in slips/books in order and supply all of them to your accountant with your records.
3. Supply the bank statements that cover the start and end of your accounting period (this is commonly forgotten)
4. Do your own bookkeeping
5. Send your records and information to your accountant as early as possible
6. Don’t leave things to the last minute.  Urgent tasks just before the self-assessment deadline will generally be more expensive.
7. 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.
8. Anticipate as much as possible and plan for them.
9. Authorise your accountant to carry out E-filing on your behalf.
10. Communicate by email or telephone rather than by letter.
11. Use an accounts package

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