How should I choose to contract with a tax accountant monthly or once a year?

Many business owners consider hiring a tax accountant for accounting and tax matters.

Some people may be worried about whether to contract with a tax accountant on a monthly basis or once a year.

If you sign a monthly contract, the service will be more generous and the fee will be higher.

On the other hand, annual contracts can keep prices low, but the service will not be better than monthly contracts.

Both contracts have their advantages and disadvantages, and it is best to choose the one that suits your situation.

This time, I will write about how to choose whether to contract with a tax accountant monthly or once a year.

Cases in which a monthly contract is appropriate

The following people are suitable for monthly contracts in my opinion.

・Profit is generated every year
→It is essential to start tax saving measures as early as possible. By making timely profit forecasts, you can take proactive measures.

・Sales are unstable and profit forecasts and cash flow are difficult to predict.
→In cases where sales increase or decrease depending on the month or year, profit forecasts can only be grasped by tracking the actual numbers. By tracking the numbers every month, you can take early steps not only to save taxes but also to manage your finances.

・People who do not know about accounting or taxes but would like to do their own accounting in the future
→If you don’t have any knowledge of accounting or taxes now, but would like to learn accounting on your own in the future while receiving monthly support, you can start with a monthly contract and then change to an annual contract.
(In the case of our office)

Cases in which an annual contract is appropriate

Next, the people who I think are suitable for annual contracts are as follows.

・Sales are stable and profit forecasts are easy to make
→For cases where monthly sales are stable, such as real estate rentals, it is relatively easy to predict profits and an annual contract is sufficient.

・Those who can understand profits and manage cash flow by themselves, but do not understand accounting or tax reporting

・Those with a small annual transaction amount

・Those who would like to complete their financial statements all at once at the end of the fiscal year, rather than contacting us frequently every month.

In conclusion

This time, I wrote about whether to contract with a tax accountant monthly or once a year.

Accounting and taxation is an unavoidable part of running a business.

We hope that you will find this helpful when signing a contract with a tax accountant.

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都築太郎税理士事務所/Tsuzuki Taro Tax Accountant Office

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