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Fee Structure

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. Please click on each button below for more information.

 

We competitively offer a simple fee range of $300 to $600 for most personal tax returns. Small biz, rentals and state included.
Small businesses are commonly reported on your personal tax return on Schedule C. Typical fee range is $300 to $600 depending on complexity.
Rental properties are reported on your personal tax return on Schedule E. Typical fee range is $300 to $600. Includes depreciation, passive loss calcs, etc.
Proper tax planning and budgeting is essential to cash flow. We can help generally for $250 to $300 for all four payment calcs including adjustments.
Our fee is $150 for 30 minutes. If we engage then we will credit the $150 towards future services. Get solid answers right away!
We can create a business or corporation for $425 plus the state filing fees. Includes Articles, EIN, Operating Agreement, S Corp election and consult.
We can convert your business into an S Corp for $300. Or even back to Jan 1 2017 ($375). Save on self-employment taxes!
Accounting services are typically $250 to $400 per month, or $350 to $500 per quarter. Sales tax and bank recs included.
We do all the processing, filing and tax deposits. 5 employees, bi-weekly payroll, direct deposit, $160 per month. S Corps have a special package (see below).
$700 to $950 for partnership and corporate tax returns, yet most are prepared for $800 to $900 depending on your books. “No activity” filings are $400 to $600.
 

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. Did you know that 95% of all S Corps have only one shareholder, and 99% of all S Corps have three or fewer shareholders? Small business owners is all we do!

 

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)-

 

  Aspen Vail Breck Keystone
S Corp Reasonable Salary Calculation Yes Yes Yes Yes
S Corp Payroll Filings and Deposits Yes Yes    
S Corporation Tax Prep (Form 1120S) Yes Yes Yes Yes
Individual Tax Prep (Form 1040) Yes   Yes  
Estimated Tax Payments (done thru payroll) Yes Yes Yes Yes
Q3 Tax Modeling and Projection (Questionnaire) Yes Yes Yes Yes
Unlimited Consultation and Periodic Business Reviews (PBR) Yes Yes Yes Yes
Small Business Tax Deductions Optimization Yes Yes Yes Yes
Annual Processing (W2s and other filings) Yes Yes    
IRS Audit Defense Yes   Yes  
Annual Fee $2,640 $2,340 $2,160 $1,860
Monthly Fee $220 $195 $180 $155

Couple of things to keep in mind- we make very little profits on payroll processing… we offer it as a convenience to our clients. One throat to choke with a single call can be reassuring but if you want to run your payroll, go for it!. And… 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. Having our arms around both can yield some good tax savings!

 

Some more things to consider- Since only a partial year remains, our usual annual fee is pro-rated to not charge you for services you didn’t use (like payroll and consultation). However, a large chunk of our annual fee is tax preparation which is typically a fixed amount of $1,200 (both corporate and personal). Whether we onboard you in January, July or December, we have to prepare a full year tax return. This increases the monthly fee for the remaining months of 2017 but the monthly fee will later decrease in January of 2018 to reflect the amounts above.

 

The button below links to our Periodic Business Review (PBR) Agenda. We use this throughout the year as a checklist for our business clients. We can also use it for any type of business consultation.

 

 

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 consultation. If all goes well, we will prepare a proposal which outlines the scope of services. View a sample proposal here.

 

Certified Divorce Financial Analyst

Jason Watson is a Certified Divorce Financial Analyst and will assist in valuing marital property and determining financial projections of various divorce separation agreement scenarios. After a complimentary 15-minute consultation, his rate is $250 for a 60-90 minute consultation. Once under engagement with a $1,500 retainer, his hourly fee is $150 for preparing divorce financial documents and $200 per hour for court, testimony or deposition time.

 

Marriage is all about love and divorce is all about money, to steal a common phrase. The button below will give you the necessary steps including a checklist of the things the Watson CPA Group needs to prepare your divorce financial analysis and reports.

 

 

Colorado Divorce Mediation

Mediation is commonly ordered by divorce courts prior to trial, and can be a great tool to resolve differences yet remain in control of the outcome. Judges are people, and can make wild and unconventional rulings that appear to be from left-field. Divorce mediation is one way to have confidence in a possible outcome. Our mediation services are $250 for the first two hours, and then $150 per hour afterwards. Fees are collected the time of mediation.

 

Flat Fee Financial Analysis and Mediation

We also offer a simple package for couples who are preparing their own divorce paperwork or who want to explore the finances before divorce attorney get involved. Our fee to prepare divorce financial reports including two hours of mediation is $850. If there is a small business involved then the fee is $1,400 which includes a simple calculation of business value based on net cash flow after adjustments for compensation, personal expenses paid by the business or other normalization of data.

 

Business Valuation

Jason Watson is trained by the American Institute of CPAs for Business Valuation. Jason has represented several buyers and sellers in business acquisitions, and has helped divorcing couples value a small business for divorce property settlements. When performing business consultation and business valuation services under engagement, his hourly fee is $200 with a retainer of $3,000 to $5,000 depending on the complexity of the case.

 

Additional Fees

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
$150 / hr
QuickBooks help and setup, reconstructing financial statements,
tallying receipts or invoices
$90 / hr
Extensive research, coordinating with attorneys, business
consultation, writing correspondence (CPA or Partner)
$150 / hr to
$250 / hr
Staff Accountant billable rate $90 / hr
CPA billable rate $150 / 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)