Tax Time Need Not be a Bad Thing
Taxes are a requirement, but having planned for them can bring not only the comfort from not worrying, but the reassurance from having organized your operations to fit those plans. Done properly your forecast will monitor your future corporate and personal tax liabilities to minimize your total taxes paid.
Corporate tax filing pricing depends on complexity (or if not it should be). Most SMB’s (Small to Medium sized Busineses) are relatively simple, are often young, and thus deservedly warrant a lower tax preparation charge. The first year will be a higher charge than subsequent years, as the original setup consumes the most time. Other considerations that affect your tax prep billing include your bookkeeper preparation/reports, the volume and lines of business transacted, and the number of employees, benefit plans, and investments.
Personal tax filing pricing also depends on complexity, but starts at a lower rate due. Your personal return will almost always require less time than a corporate return. As with subsequent corporate returns, future year’s charges should be smaller than the original setup, everything else being equal.
