When you need a tax advisor – and when you can DIY?

In the era of YouTube tutorials and AI tools, it’s tempting to think you can handle everything yourself – even taxes. And sometimes, that’s completely fine. But there are situations where the “do-it-yourself” approach can cost far more than it saves.

When you can handle it yourself:

  1. You run a flat-rate business with no employees
    If your income is stable, your expenses are simple, and you understand your tax obligations and deadlines – you can manage things on your own with some discipline and a reliable app.
  2. You’re an employee with no additional income
    As an individual with a standard employment contract, your taxes are often calculated automatically, and you don’t need to file additional reports.
  3. You use tools or software to manage your basic finances
    If you’re financially literate and willing to learn, basic business operations don’t always require a tax advisor.

When you should hire a tax advisor:

  1. You’re switching from flat-rate to a limited liability company (LLC)
    Net profit distribution, salary setup, VAT registration – this transition requires proper planning, not guesswork.
  2. You hire employees or work with international contractors
    Payroll, contributions, and withholding tax – without professional guidance, it’s easy to make costly mistakes.
  3. You plan to close, sell, or move your business abroad
    Whether you’re shutting down, moving operations to Montenegro or Hungary – tax implications are complex, and you need someone who understands the process.
  4. You receive a notice or undergo a tax audit
    This is not the time to improvise. You need a professional who knows the regulations and can protect your interests.

 

DIY taxes are like DIY dental work – technically possible, but probably not worth the risk.

If you’re unsure, or just want peace of mind – let us take care of it for you.

 

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