Tax accountants continually overcharge you. As a former accountant I know the tricks and as an adviser I see it all the time.
Here is a guide to how they do it and what you can do about it
1 Overcharging for BAS returns - there is not much in them and they can be done by BAS agents at low charge out rates
2 As your work becomes more automated the fee is not adjusted. Feel free to query and push back on your accountants fee like any other expense item
3 Continually reworking your information instead of training you how to present in an accurate state. They make a margin on every hour charged. Challenge your accountants about adjustments made and how you can change the information you provide to avoid this
4 Charging big fees for ASIC lodgement - it takes an untrained secretary 5 minutes. Refuse to pay and lodge yourself
5 Charging based on ability to pay. Check the correlation between tax refunds , profit increases and accounting fees. Pushback hard if this is happening to you.
Use our fee checker on our website to see a benchmark of what you should be charged. We do not provide these services so this is not a quote.