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| Client Update - quarterly newsletter |
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Tax
Preparation Fees
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We serve clients in 13 states in the USA and 12 foreign countries. Taxpayers can file their tax returns today and pay the filing fee at the office or online with cash, check, or any major credit card. Payment online is fast, easy, and secure and they will receive a receipt immediately. We can e-mail or FAX them a prepaid shipping label to send documents to us via FedEx or UPS. Our services and fee structure are most suitable and economical for clients who want to engage us on a regular or retainer basis.
Click here to pay the filing fee.
Taxpayers can monitor their tax refunds online by clicking on "Track Your Refund." Their federal tax refund will be in their bank account (direct deposit) in 7-14 days from the date they were e-filed and their payment/check will be cashed thereafter. Payment by check is subject to acceptance and clearance at your bank.
Fees charged on a case-by-case basis
Clients are charged a flat fee or a fee that is based on results (performance-based compensation).
The minimum fee that a client would pay to prepare and e-file a personal tax return is $200 if the client has a W-2 form. The fee is for a federal and state tax return only or for a federal and state tax return that includes earned income credit, and child and dependent care credit (babysitter/day care).
The fee will be more than $200:
| 1) | If you are required to itemize your personal deductions, such as mortgage interest, property taxes, stocks & bonds you sold, savings interest, dividends, charitable contributions, moving expenses, job-related expenses, and losses you encounter as a result of accident, fire, hurricane, flood, and theft. |
| 2) | If you are required to itemize income and expenses for rental and commercial property that you own or if you sold residential, rental, and commercial property. |
| 3) | If you are required to file more than one state tax return. |
| 4) | If you have self-employment income and expenses/deductions. |
| 5) | If you are required to file some or all of the items mentioned above. |
| 6) | Fees are subject to change even if you had filed the same tax forms last year. |
These are the standards used in the income tax industry (industry norm). The fee does not include representation before the taxing authorities. A separate fee will be charged if this service is required. However, my clients seldom get audited because I do not encourage them to take foolish risks.
Corporation and Sole-Proprietorship Tax Returns
The fee to incorporate a business is $400. The minimum fee for preparing a tax return for an inactive corporation is $400; and $700 for an active corporation and a sole-proprietorship if the client agrees to take responsibility for the bookkeeping work. Some business owners have expressed their appreciation for this service. Post-dated payments will be cashed on the prescribed dates as work progresses and they are subject to acceptance and clearance at your bank. The fee does not include representation before the taxing authorities. A separate fee will be charged if this service is required. My clients are seldom audited because I encourage them to avoid red flags and take sensible and realistic deductions.
Thanks for your time; and thanks for including Barry's Accounting Services in your search for a reputable tax accounting firm.
Click here for "Business taxes, accounting, & strategic planning"
Click here for "Tax Appeals / Representation"