Spencer Accounting Group, LLC - Tax Planning and Preparation Services - West Allis, Milwaukee, Brookfield, Waukesha, United States and Saudi Arabia
  • Home
  • Pricing
    • Rush & Cancellation Policy
  • Let's Chat
  • Home
  • Pricing
    • Rush & Cancellation Policy
  • Let's Chat

FREE Tax Tips and Updates

Browse our blog for helpful tax planning and preparation information.

How Much Should You Be Paying Your Tax Preparer?

11/4/2019

0 Comments

 
Picture
Tax Professionals have various strategies on how they price their services, leading to cost differences around the world.  The one thing you can bank on is paying for complexity. The more complex your financial situation, the higher your cost will be.
Check out the most common pricing methods us:
  • Price per form- some tax preparers may have set cost per form
  • Historical cost- Based on prior year fee contingent upon your tax situation remaining the same.
  • Minimum Fee- The firm may set a fee in which returns can't be lower than.
  • Hourly Rate- Some firms have flat hourly rates that they use for every engagement including tax
  • Data Entry Fee- Fee based on each data entry item
  •  and many more
What to Expect:

You can expect to pay around $382 for an individual personal tax return, that includes Federal and State tax return, so not expensive at all.

Tip: If you have a bag of receipts or missing vital documents you can expect your cost will go up, for your lack of effort.
Benefits of the Cost:

Inclusions vary by Each Tax Professional, which is why it is imperative for you to read your engagement letter and ask clarifying  questions so that you completely understand what you are paying for.
In Summary:

It is important to know and understand the cost of services.  There are many times when a client may think a cost is outrageous and they start price shopping rather than value shopping and end up with an unqualified Tax Professional.

Prices that are wrongly low should be an immediate red flag.  Ask yourself, can I grow with this tax preparer?  When I need to start doing tax planning can this preparer help me reach goals?  

Paying for Accounting and Tax services will always be a sound investment, as it frees up your time and mitigate your chances of tax penalties.


0 Comments



Leave a Reply.

    We're Here to Help

    Get advice from our experienced network of financial managers. 
    ​

    If you Value our Blog, We have an ask.

    We spend hours researching data to help you understand your finances and taxes, including historical context, issues, and solutions. Our goal is to empower people to improve  their relationship with money. ​Please consider a $3 donation today.

    Tax Plan Video

    Important Disclosures


    Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.

    ​
    To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
    ​
    These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

    GET STARTED

    Author

    Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion.  Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.

    Keana founded this website and decided and created this blog page to offer a space for those seeking knowledge to understand, however not to be confused with advice or planning strategies.

    RSS Feed

    Accounting Services
    Tax Preparation
    Picture
    Picture
Home
Net30 Account Info
Privacy Policy
Contact Us

Picture
Picture
Picture
Copyright 2021 ALL RIGHTS RESERVED.
Photo used under Creative Commons from verchmarco