It depends on the size of your business and the volume of transactions we will be processing for. Our bookkeeping fees are not flat fees because your business may produce the same amount of revenue as another, but there could be half as many transactions for us to process, so it would not be fair to you to pay the same as a business with a much higher volume of transactions being processed. We will schedule a free consultation to discuss what exactly you would like for us to take care of for you and we will agree on a set monthly fee so that you know exactly what you will be paying each month.

The fee for tax preparation can vary, but the base fee for a personal tax return starts at $200 and can increase based on individual circumstances that give rise to more complexity.

The base fee for business owners who want their personal and business returns prepared start at $950, and can also increase based on individual circumstances that create more complexity.

Certain small businesses structured as sole proprietorships, S-Corporations, and partnerships can deduct up to 20% of their qualified business income, but that percentage can be reduced once your taxable income reaches a certain level. The amount of the reduction depends on a few different complicating factors and the deduction is limited for certain service industries as well.

The base fee for business owners who want their personal and business returns prepared start at $950, and can also increase based on individual circumstances that create more complexity.

Most new business owners don’t understand the difference between an LLC, partnership, S-Corp, or sole proprietorship. We can describe the differences and advise new business owners on the type of entity they should form based on their industry and personal tax efficiencies.

There isn’t an exact formula to determine owners’ compensation, but we can provide direction by doing a business check-up once or twice a year to review owners’ expectations, profitability, and any other industry changes.

If you are considering engaging in a certain transaction such as selling your rental property or purchasing a new machine for your business we can help you think forwardly to consider the potential tax effect of that specific transaction.