How do I find the right tax consultant in Vienna?

7 tips for finding a tax consultant in Vienna

Choosing the right tax advisor is crucial in order to benefit from the collaboration in the best possible way in the long run. Below are the most important selection criteria to help you decide.

Industry specialization: Not every tax advisor is suitable for every company. It is advantageous to choose a tax advisor who is familiar with your industry and can respond to your specific requirements. Especially in specialized areas such as e-commerce, start-ups, real estate, doctors, pharmacists, hotels and restaurants, influencers and e-sports, industry-specific knowledge and understanding can offer considerable added value.
Size of the tax consultancy firm: A medium-sized tax consultancy firm offers the advantage of having the expertise and experience of a large firm, as well as being able to ensure personal and individual support. Advice is often more flexible and tailored to the specific needs of clients, while at the same time offering a wide range of services from a single source.
Location or accessibility: A local tax consultancy firm offers the advantage of face-to-face meetings and quick accessibility for urgent matters. Alternatively, a fully digitalized law firm is ideal, as it works from any location and is not only more flexible but also more cost-efficient thanks to modern processes. Digitalization is often a sign of lean structures and effective workflows, which can lead to a reduction in consulting costs.
Tax consultancy costs and cost structure: The costs for a tax consultant can vary greatly. Transparent pricing and the ability to estimate costs in advance are important. Whether billing is based on hours, flat rates or services should be clearly communicated.
Technological expertise: Digitalization, automation and AI do not stop at the tax world. A tax consultancy that uses modern software solutions for tax advice, bookkeeping and payroll accounting saves time and reduces sources of error. Ultimately, clients also benefit from this.
References and visibility: References, visibility and recommendations play a decisive role in the selection of a tax consultancy firm. Positive reviews and recommendations from existing clients provide valuable insights into the reliability and quality of advice. A strong online presence and good visibility also show that the firm is self-confident, successful and active in the market. Such references create trust and are often an indicator of many years of experience and successful and sustainable client relationships.
Initial meeting: This offers you the ideal opportunity to find out whether the tax consultancy firm fits your company's needs. This meeting not only discusses relevant tax issues and initial solutions, but also provides an opportunity to check the personal chemistry between you and the firm. This ensures that a trusting and successful working relationship is established.

Free initial consultation with Simplify Tax Steuerberatung:

Arrange your free initial consultation now and find out how we can best support your company. In a non-binding consultation, we will clarify initial tax issues and develop solutions together. Take the opportunity to get to know us in person or digitally and lay the foundations for a successful collaboration. Contact us at office@simplifytax.at to arrange an initial meeting.

How much does a tax consultant cost?

The cost of a tax consultant depends on several factors, such as the complexity of the tax matters, the amount of work involved and the degree of digitization or automation of the tax consultancy firm.

There are often cheaper flat-rate offers for self-employed and start-ups, while larger companies with extensive accounting and complex tax issues have to factor in higher costs. It is advisable to obtain cost estimates from several tax advisors in advance and compare the price-performance ratios.

Expert tip:

A general rule of thumb is that an annual fee should be between 1.5% and 3% of annual turnover. This fee should include the following services:

Running bookkeeping
Preparation of the annual financial statements
Preparation of annual tax returns
Payroll accounting
Running tax advisory

If “extraordinary” services are required that do not normally occur annually, the fee may increase. These include audits by authorities, reorganizations and restructurings, company acquisitions, etc.

Conclusion for the search for a tax consultant

Choosing the right tax consultant in Vienna requires careful consideration of various factors. In addition to professional qualifications and industry specialization, costs and the type of cooperation also play an important role. A good tax advisor not only provides support in tax matters, but can also contribute to the long-term economic stability and success of a company.

Director I Steuerberaterin