Price is one of the main criteria entrepreneurs consider when choosing an external accounting firm. A large portion of clients try to strike a balance between quality and price. AtTaxWise, we strive to provide high-quality accounting and tax advisory services even to clients who have a minimal number of documents each month. If our low-cost packages didn’t exist, TaxWise’s services would be extremely overpriced for these clients, precisely because they wouldn’t be able to take full advantage of everything they’re paying for.

Packages Tailored for Aspiring Entrepreneurs

The majority of TaxWise’s customers are newly established companies. The service packages are designed so that companies that have just been founded and don’t have much accounting work don’t pay unnecessarily for something they won’t use. As these companies grow over time or begin to have more documents, the packages are adjusted to meet their needs.

Flexible packages

At TaxWise, we offer several package tiers, ranging from the basic packages (20 accounting entries for non-VAT payers and 40 accounting entries for VAT payers) up to packages with 100 accounting entries. For more than 100 accounting entries, the fee is €0.80 per entry.

After the books are closed for each month, the number of posted journal entries is determined based on the general journal. Entries in the general journal are posted in accordance with the currently applicable Accounting Act and the accounting procedures for businesses using double-entry bookkeeping.

Any applicable discounts for bookkeeping services [internal link] are then applied. If your business is subject to seasonal fluctuations, or if there is a significant variation in the number of accounting documents on a monthly basis, you may end up paying for a different package each month. These changes happen automatically. However, the invoiced amount is always transparent, and ultimately, you’ll only pay for what you’ve used.

Bookkeeping services for the first month free of charge

We have a special offer for Bright Ideas clients. They get their accounting services from TaxWise for free for the first month. TaxWise also does not charge a setup fee for accounting services, which is a standard item on the price lists of medium-sized accounting firms.

At TaxWise, we introduced flexible packages so that micro and small businesses wouldn't have to compromise between price and quality. With us, they have access to high-quality accounting and tax advice whenever they need it, without overpriced monthly flat fees.

Example

A company operating a bistro in Bratislava that uses eKasa (cash only), has 2 full-time employees, and 3 contract workers. Two suppliers deliver food products to the bistro four times a month, and they always issue an invoice for each delivery. The company makes 8 purchases at a wholesale store, paying by card against an invoice, plus several small purchases at a retail store each month. At the beginning of 2020, the company had the following number of items and prices for services:

Month	Number of accounting entries	Price per account.	Wage Cost	Total Price
January	125 units (100-unit package + 25 over the package limit)	105€	20€ + 30€	155€
February	118 units (100 + 18 above the base)	109,4€	20€ + 30€	159,4€
March	69 units (package 70)	70€	20€ + *20€	110€
April	39 units (Package 40)	43€	20€ + *0€	63€
May	98 units (pack of 100)	95€	20€ + *10€	125€

*Some contractors did not work even one hour, so no invoices were issued for them

From March through May (during the lockdown), the company had far fewer accounting entries than usual and thus automatically paid less for bookkeeping services. No add-ons, no negotiations with the accountant, no conditions whatsoever. As a bonus, we naturally prepared a flawless application for the first-response aid program on behalf of the company due to the mandatory closure of its operations and, later, the decline in revenue.

Flat-Rate Packages

If clients are interested in a flat-rate monthly payment, we can also offer this option. This billing method is particularly advantageous for well-established companies whose monthly number of documents does not fluctuate or is predictable in advance. Otherwise, both parties are at risk. The company will pay for services it does not use, or, conversely, the accountant will not receive adequate compensation for their services.

This is another reason why 99% of TaxWise clients use flexible packages.

If clients are interested in a flat-rate monthly payment, we can also offer this option. This billing method is particularly advantageous for established companies whose monthly number of documents does not fluctuate or is predictable in advance. Otherwise, both parties are at risk. The company will pay for services it does not use, or, conversely, the accountant will not receive adequate compensation for their services. This is another reason why 99% of TaxWise clients use flexible packages.