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probably's avatar

Does $1,000 seem right for tax preparation?

Asked by probably (7points) | asked April 20th, 2008 | 4 responses | “Great Question” (0points) | Flag as…

This year I started my own corporation for my consulting business. Last year my CPA charged $250 to prepare my 2006 individual tax filings. This year he charged $1000, including my 2007 individual and corporate filings. That seems like a lot of money to me, but forming a corporation saved me thousands of dollars. My CPA did a great job, but I’d like to know if I’m getting a deal or getting ripped off.

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aloha's avatar

i don’t know how complicated your individual or corporate tax filings were but the price seems about right to me… i pay about $250 for my individual filings and about $750 – $800 for my corporate filings on average.

aloha (343points)“Great Answer” (0points) Flag as…
srmorgan's avatar

I think you got a good deal for both the 1040 and 1120. Did that include a state filing also?

SRM

srmorgan (3351points)“Great Answer” (0points) Flag as…
probably's avatar

Yes, it included the state filings as well. I’m feeling good about what I paid since it is almost exactly what Aloha pays!

probably (7points)“Great Answer” (0points) Flag as…
iriemuffin's avatar

We pay $2500 for our corp taxes. You got a good deal.

iriemuffin (214points)“Great Answer” (0points) Flag as…

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