Y’all got a good CPA who isn’t “rich people expensive?”
Normal person expensive is fine, but I’m no Elon Musk.
Posted Jan 27, 2022, 4:27 PM UTC
1020
Wife and I each have our own biz and we use Carol Sanchez at pro tax. They’re bilingual Spanish and English and we’ve been with her for 8 years. We’re usually in the $500 range but our needs are pretty low touch.
7
Depends on what you need done and what you consider expensive. People tend to have very unrealistic expectations of price when it comes to CPA services.
4
Taxes, maybe form an s-corp or LLC. I don’t know what CPAs cost, but something under $1K would be ideal? Totally guessing.
Edit: I’m hoping for more the $500 range, but I truly don’t know what to expect and it’s worth paying the right person. This kind of thing is too important to cheap out, but again, I’m no Uptowner (this is a joke, ppl).
5
Seems appropriate. Look for a smaller firm - maybe one with 2 to 5 partners. Most of the larger regional firms won’t take a client unless they can get multiple lines of work or minimum billings of $1,500 or so.
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Fantastic, thank you. This helps.
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John Cremaldi of Cremaldi & Kaupp, LLC in Lakeview is good - was recommended to me by a local bookkeeper who works with a lot of small businesses.
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I recommend John Foard, email [email protected]. Small 3 person outfit. Not sure the rates for what your are looking to get done.
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Yes. She did nine years of back taxes for me. I'll DM you her info.
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What’s the tax situation? A business? Corp? Sole proprietorship? You need bookkeeping as well?
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I can DM you about that, if you’re down? Don’t want to post personal details if I can avoid it.
0†
Message away!
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I like Crystal at Executive Tax Service. I have two LLC's, properties with my ex and my husband. It runs us around $775 for our tax prep.
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Just gonna say that- lots of tax preparers are NOT CPAs. You will be surprised of how many people run tax practices - they don’t need to be CPAs. You can always run the persons name to see if they have a license- it’s public information. But, you get what you pay for. All the small walk in places like Fast Tax and H&R Block actually retain a fee that many people don’t even know about it, aside from your prep fee. it’s written in the back somewhere. Lol. A tax return that has more than a w-2 would cost you- if you want good work. That’s just how it is. The laws have become insane. They change every year. A licensed professional must have continuing education and be up to date with all the changes. The software costs have increased astronomically. So all of that is built in into your qualified tax person. $500 will you get a return - but is not gonna be a quality return. No way. A CPA in a region charges min $250-$300 per hr. A proper return takes prep by one person AND review by another qualified person. S corp and LLCs can quickly become difficult, even if you claim they aren’t. And then flow all that into a 1040. It is not cheap
2
Good info here.
An S-corp will require incorporation + filing the s election + setup of payroll to pay the owner a salary to get the full benefit of a single member LLC organized as an S Corp. All of that requires processing by numerous individuals within a CPA firm which is why the costs for a CPA are high. If you’re looking to do all of that for 2021 tax year, you’re too late…so it’ll cost even more.
Getting work done by a place like HR Block is fine for majority of people, but anything more difficult than a W-2 and some investments, I’d look for an enrolled agent or CPA to handle the work - moreso a CPA because it’s a more stringent profession.
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This is all excellent info. I just want to point your prices are a little off. I'm currently studying for the CPA and have worked with a good handful of small CPA firms in the area over the years, and they charge around $65-$125 per hour for tax and bookkeeping work. You start getting into those $200 ranges if you need audit work preformed.
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Yes - the blended billing rate is different though. So you start with staff at $100 thats not a CPA, then you go to senior level goes up to $150, by the time it gets to a partner it’s $300- a blended rate will def get you down under $200, BUT when you are looking for a Person to handle your tax, you are probably getting a higher rate- like a family accountant. So I get what you are saying… but I was discussing a direct CPA that handles yours affairs- these people are not just doing your tax- they advise you on your tax planning, your future gains, your estimates, etc. that takes knowing you as a client. And that’s high value.
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I recommend Pedelahore & Co
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Crystal at JW accounting. She usually charges me $350
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"I just Luv Fast Tax!"
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