The Watson CPA Group prides itself in being transparent and having a simple fee structure. Most business services and tax returns will fit into the fees described below. Sure, there’s always the outlier or the unusual situation, but the following information gives you an idea of our philosophy. We only have time on this earth to sell, and we cannot inventory it. Our fees are an attempt to coincide with expected time spent. Having said that, we try to maintain historical fees for returning clients.
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S Corp Package
The Watson CPA Group specializes in S corporations which have a small number of shareholders, and often just a one-person show. Because it is a core competency for us, we have created an S corp package that includes the following (No, the S doesn’t stand for stormtrooper)-
- S Corporation Tax Prep (Form 1120S)
- Individual Tax Prep (Form 1040)
- S Corp Payroll Events (required by IRS)
- Q3 Tax Modeling and Projection
- Periodic Business Consultion
- Annual Processing (W2s and other filings)
Our annual fee for the S Corp package is $2,400. Do you want to parse it out? Sure. If you did your own payroll processing, our fee reduces to $1,920. Perhaps saving $480 to add chores to your Sunday is a consideration (yup, that’s a bit snarky). If you do your own individual tax return, our fee reduces to $2,100. However, the benefit of the Watson CPA Group preparing both tax returns is that we slide things around depending on income limitations, phaseouts, alternative minimum tax (AMT), etc.
How does all this work? Let’s chat! Your unique situation will probably fit the S corporation world, but a dialogue is much better to determine the viability. Contact us to schedule a complimentary consultation. If all goes well, we will prepare a proposal which outlines the scope of services. View a sample proposal here.
We also have a short list of additional fees that might be incurred depending on your tax and accounting situation, and your level of readiness-
|Any tax returns that require paper filing||$65|
|Copying and returning of original tax documents||$45|
|Taxpayers who introduce significant changes or additions
after a preliminary tax return is prepared
|$120 / hr|
|QuickBooks help and setup, reconstructing financial statements,
tallying receipts or invoices
|$80 / hr|
|Extensive research, coordinating with attorneys, business
consultation, writing correspondence (CPA or Partner)
|$120 / hr to
$250 / hr
|Staff Accountant billable rate||$80 / hr|
|CPA billable rate||$120 / hr|
|Partner billable rate||
$250 / hr
|1 hour flat rate initial business consultation (click to schedule)||$250|
Please keep in mind that we pride ourselves in not being the nickel and dime type of tax and accounting firm. Generally speaking, we can provide a fee range or a not to exceed ceiling on our services and fees. This is what we do.. all day.. every day.. we have a pretty good handle on what it takes to complete a project.
The Watson CPA Group (team profile)