Tax Preparation Pricing Structure Changes
New Hourly Rate Structure
In order to more accurately reflect the value of my services based on the complexity of your tax returns, I have decided to adopt an hourly rate pricing structure for tax return preparation, as opposed to the fixed-fee model I have used in the past. My current hourly rate is $75 per hour.
Effect on Client Tax Return Preparation Bills
Clients with complex tax returns and/or disorganized documentation may see an increase in their tax preparation bill, while clients with simple tax returns and/or more organized records should have a similar bill to last year.
Prior Year Account Credits
Pricing changes will not affect any account credit you may have from last tax season. As discussed at the time the credit was issued, the credit will be applied to your 2024 tax year invoice and any invoice balance that remains after the credit is taken will be due and payable while any credit balance remaining will be refunded to you.
Ways to Reduce Preparation Fees
- Complete all sections of the Tax Organizer Packet you receive as thoroughly as possible.
- Remove any staples attached to your tax documents.
- Provide a photocopy of your tax documents and clearly mark them as my copy to keep.
- Make sure to provide a signed copy of the Engagement Letter when you provide your tax documents to me (signed by both spouses if filing jointly).
- Categorize any business records in accordance with IRS Schedule C for Form 1040: https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
Have Additional Questions?
I understand that these changes may raise additional questions, so please feel free to reach out to me via your preferred contact method or click one of the links below.