When is a tax advisor really worth it?

Sooner or later, many of us will surely ask ourselves the question: "Do I need a tax advisor or can I do it myself?"

The answer will often be: "It depends." For many employees with a simple tax return, a good online tool is sometimes sufficient. But there are many situations in life where having a professional tax advisor on your side can be beneficial.

Here are 7 typical examples of situations where a tax advisor is worthwhile:

1. You are currently starting your own business or starting a company

Sound tax advice is especially important at the beginning. Even small mistakes when starting a business or registering with the tax office can be costly. A tax advisor can help you get everything right from the start and show you what you can deduct.

Here you will find tax advisors for the self-employed and those starting up a business .

2. You have multiple sources of income

For example, if you have rental income, investments, or a part-time job , filing your tax return quickly becomes complicated. A tax advisor can help you take advantage of these benefits and avoid mistakes that could prove costly later.

3. You buy or sell a property

When buying or selling a property, there are many tax considerations to consider:

Speculation periods, real estate transfer tax, and more. Without proper advice, unexpected problems can arise. A tax advisor will point you to the typical pitfalls.

Here you will find tax advisors who can support you with real estate matters.

4. You have inherited or donated assets

If you inherit or gift assets, this may be subject to tax. A tax advisor can help you make the most of tax allowances and get everything done on time. This way, you'll have the necessary documentation ready for the tax office later.

Here you will find tax advisors for inheritance/gift matters.

5. You work abroad or have income there

If you work abroad or have rental income or capital gains from abroad , you need to be familiar with special rules. A tax advisor with international experience will ensure you don't overpay and do everything correctly.

6. You operate a photovoltaic system

Did you know that a private PV system can generate taxable income? A tax advisor can explain whether you qualify for the small business exemption , whether you have to pay sales tax , or whether you should consider other things.

7. You want to appeal against a tax assessment

If you receive a tax assessment that appears to be incorrect, you should act quickly. A tax advisor will review whether an appeal is appropriate and what your chances are. You can often reclaim any overpaid taxes.

So, there are some situations where a tax advisor is not only helpful but also financially rewarding. Especially when it goes beyond simple employee tax assessments, it's wise to consult a professional.

Are you looking for a suitable tax advisor for your needs?

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