Estimated Fees

Individual Tax Preparation

I specialize in tax preparation for individuals with complex returns and small businesses (LLCs & sole proprietors), including also rental properties, foreign earned income, capital gains, asset dispositions, retirement and investments. For standalone individual tax returns, the typical fee range is $775 to $1850 based on the the forms needed and complexity. Hourly fees will apply if your records are unusually disorganized and incomplete. All tax return preparation includes unlimited year-round consultation and tax planning, free of additional charges!

Business Formation

If you are a small business, I will file all the forms and paperwork necessary to create an LLC, sole proprietorship or S Corporation, including the preparation of the Articles of Incorporation, Operating Agreement, and obtaining your EIN. Choosing the right “status” is an important decision with different ramifications that require tax consultation because each state treats these entities differently. My fee includes this consultation and education so you understand the options and we make a good decision that considers not only the early years of your business but also the future goals. 

S Corp Election

You may qualify to have your entity taxed as an S corporation. The setup for this process and procedure is a one-time fee of $775 however, $100 will be credited towards future tax preparation or other professional services if you become a client, and have paid for tax preparation in the current year. If you contact me no later than November 15th of the year, you may be able to elect late S Corp election, back to Jan 1 of the tax year. This potentially involves substantial bookkeeping adjustments and reclassifications, as well as rushed service in order to meet the filing deadline of March 15th for corporations. As a result, additional bookkeeping fees will apply. The tax preparation fee to file the annual S Corp tax return (Form 1120s and K-1s) starts at $1550, based on complexity and is separate from the 1040 personal return you will still need to file. If your accounting records have significant entry and account appropriation errors, hourly rates will apply to clean them up and you will likely be put on an extension until after April 15th has passed.  

Payroll & Bookkeeping

Most full-service bookkeeping is referred to outside professionals but I do handle full service payroll. The cost varies depending on how often employees are paid and how many are on payroll. The one-time setup fee is $350. A typical fee range is $85 per month for bi-weekly to $185 per quarter for quarterly payroll (good for sole owners). Annual year-end filings (W-2's, 1099's) and reconciliation forms are extra. Call to see if I have availability for this service. Consultation and setup is included in this fee.

Consultation

My consultation fee is $175 per hour.