September 2nd, 2010 
admin  |
No items matching your keywords were found.
Business Tax Return Preparation
Did I pay to much for my S-Corp tax return?.
I paid about $2500 for my small businesses taxes. There were about 25 depreciated items. We had about 160K net sales. I'm not sure where all the time went?
The statement of work my accountant gave me said generic services like "Year End Accounting", "Tax Return Review", "Tax Return Preparation". The rates are 80/hour and 150/hour. 1.2 hours at 150 and about 29 hours at 80/hour.
Any ideas?
That does sound a little too high. However, it all depends in what shape your books were in. Do you do your bookkeeping on a monthly basis? If you don't keep your books in good shape and you just drop a pile of bank statements and receipts off to your tax preparer, and they really had to spend 30 hours going through it, then it is what it is. I'd recommend keeping your books in shape and getting someone to do it on a monthly basis. That way, at the end of the year you can hand it off to your tax preparer and they wouldn't have to do that much work - for a return like yours I charge about $600 if the client has everything in order. Plus, if you do your books on a monthly basis you can actually see what's going on in your business and know if you are making money every month as opposed to waiting until the end of the year to see how your business is really doing. It gives you the opportunity to make changes as you go, and make your business better.
I hope that helps.
|
No items matching your keywords were found.
 |
Classic Internal Revenue Service Business Tax Preparation Film DVD: 1970s Small Business Finance & Accounting Tax Preparation & Advice Film
List Price:  |
DescriptionNo one likes to pay taxes - whether you're an individual or a business. The complexity, anxiety and frustration of the bureaucratic process affect us all. There's the fear of filing wrong and being penalized, the fear of a thorough, unexpected audit, and the disappointment of forking over a large chunk of hard-earned money to Uncle Sam... |
![TurboTax Deluxe Federal + E-file + State 2011 for PC [Download]](http://www.guessfreetaxguide.com/media/images/i/41vdnwn1qlL._SL75_.jpg) |
TurboTax Deluxe Federal + E-file + State 2011 for PC [Download]
List Price: |
DescriptionTurboTax Deluxe: Guides you step-by-step to maximize your deductions |
 |
TurboTax Deluxe Federal + E-file + State 2011
List Price: |
DescriptionTurboTax Deluxe 2011 - Federal & State + E-File is ideal for maximizing deductions and saving more on taxes - and is easy for first time users. This software includes everything you need to do your taxes with ease, finding all the tax deductions and credits you deserve so that you get your biggest refund... |
![H&R Block At Home Deluxe + State 2011 Win [Download]](http://www.guessfreetaxguide.com/media/images/i/41-y30wtWxL._SL75_.jpg) |
H&R Block At Home Deluxe + State 2011 Win [Download]
List Price: |
DescriptionGuidance for all your personal tax situations. Federal forms and State forms. Step-by-step interviews guide you through a customized experience relevant to your tax situation. Everything you need to prepare your federal and state taxes in one complete program. |
 |
J.K. Lasser's Your Income Tax 2012: For Preparing Your 2011 Tax Return
List Price: |
DescriptionThis guide offers easy-to-follow, expert advice and guidance on planning and filing your taxes. It covers some of the most important tax topics, from what you must report as income and strategies that will save you on taxes to how much tax you actually owe and what deductions you can claim. |
 |
The Ernst & Young Tax Guide 2012: Preparing Your 2011 Taxes
List Price: |
DescriptionPraised by the New York Times as the #1 choice among popular tax guides, this is the essential book for those who want to prepare their 2011 taxes themselves but seek guidance from a trusted brand to help navigate turbulent financial times... |
 |
Income Tax Fundamentals 2012 (with H&R BLOCK At Home(TM) Tax Preparation Software CD-ROM)
List Price: |
DescriptionINCOME TAX FUNDAMENTALS 2012, 30E provides readers with a concise, practical, and time-tested introduction to the most important areas of tax law. For over thirty years, this textbook has been the market-leading standard due to its step-by-step workbook format that walks readers through real examples using actual tax forms... |
San Bernardino small business bookkeeping & tax preparation
Posted in 
Tags: 
