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Prepare monthly sales tax reports. These monthly reports are filed and paid electronically and are based on the monthly sales data provided by the client:
1. Texas Comptroller (01-117) – generally due by the 20th each month.
2. NM-CRS-1 sales taxes report – generally due by the 25th of each month.
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Generally a flat fee of $75 each month per state to prepare and submit these filings.
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Prepare quarterly payroll reports. Texas Workforce Commission, New Mexico Dept. of Labor and IRS quarterly reports are prepared and based on monthly payroll data provided by the client:
1. IRS quarterly Form 941.
2. TWFC quarterly C3 report.
3. NMDOL quarterly ES903A report.
4. NM TRD-31109
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Generally flat fees of $175 per quarter for up to 5 employees - above that add $10 per employee.
These reports are due quarterly by the end of the next month following the quarter.
Example: File and pay 4th 941 (Oct. thru Dec.) by January 31st.
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Prepare annual payroll reports. These reports are based on monthly and total annual payroll data provided by the client.
1. IRS Form 940
2. W-2s
3. TWFC C3-DOM (Texas annual report).
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Generally flat fees of $175 for up to 5 employees - above that add $10 per employee.
These reports are due by the end of the next month following the end of the year.
Example: File and pay annual 940 by January 31st.
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Prepare annual federal income tax forms. Form 1040 (with 1 Schedule C; or a single member LLC; or Schedules E or F) for 2010 with these general terms:
- All 1099s, W-2s, 1098s, etc are provided by client.
- Bookkeeping is somewhat light, i.e., business net income, inventory figures, and depreciable asset figures are all provided by the client.
- A retainer (deposit) may be required.
Example of 2012 fees
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Prepare basic 1040
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$125
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Prepare Sch. A
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$30
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Prepare Sch. C
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$75
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Prepare Sch. D with 2 gains
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$10
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Prepare Sch. E
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$60
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Prepare Sch. SE
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$20
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Prepare Depreciation 4562
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$30
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Total
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$350
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A negotiable flat fee (generally starting at $125) for the basic 2011 1040 – Schedules C will vary depending on how much bookkeeping has to be done.
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1040 U.S. Individual Tax Return
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$125
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1040A U.S. Individual Tax Return
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$125
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1040EZ U.S. Individual Tax Return
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$125
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1040X Amended return
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$250
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Sch. A Itemized Deductions
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$30
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Sch. B Interest and Dividend Income
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$20
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Sch. C Profit or Loss from Business (all bookkeeping done by client)
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$75
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Sch. D Capital Gains or Losses (per entry item)
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$5
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Sch. E Supplemental Income & Loss
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$60
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Sch. L Standard Deduction for Certain Filers
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$25
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Sch. SE Self Employment Tax
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$20
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1040-ES Estimated Tax Payments
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$10
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2106 Employee Business Expense
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$25
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2441 Child and Dependent Care Expense
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$25
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3903 Moving Expenses
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$40
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4562 Depreciation and Amortization
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$30
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6251 Alternative Minimum Tax
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$60
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8283 Non-Cash Charitable Contributions
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$25
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8829 Business Use of Home
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$30
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Prepare Form 1099 and Form 1096:
1. $50 for each 1096.
2. $15 for each 1099.
Electronic filing $10, state tax returns and married filing separate are all extra.
Ask about military discount of 10%.
If you must file a form 1065 or form 1120S, those are more complex returns and the general range of rates for those returns are :
$400+ for Form 1065 (partnership)
$400+ for Form 1120 (corporation)
$400+ for Form 1120S (S corporation).
View 2009 (latest available) industry average prices here:
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