How Much Are Our Tax Preparation Fees?
Our tax preparation fees are valued between $100-$250 for individuals and $400-$600 for small businesses. This price varies based on the number of W-2s, 1099s, state returns, schedules, and forms you are required to file.
We don’t charge our clients hourly because we believe in value adding and work based pricing.
Our tax preparation fees include an initial consultation with our CPAs and tax preparers to gain an understanding of your personal tax situation and ensure we get everything we need to save you the most in taxes.
There is an initial deposit associated with our tax preparation fees. This deposit is equal to half of your total fee and is applied to your final bill. This fee compensates for the time it takes to start your returns. It includes the time for researching deductions and credits that apply to you which would ultimately save you hundreds or thousands on your taxes.
Our tax preparation fees are fixed. There will be no surprises on your bill.
We proudly serve our clients and deliver the highest quality work. For this reason, our clients frequently refer us to new clients. To show our appreciation, we offer our tax preparation services referral program. Current clients have the opportunity to get paid for every new client they refer to us! Contact us for more details!
Value of Tax Preparation Services
There are many benefits in having your taxes professionally prepared for your individual and/or small business returns. Filing your taxes is not an option. It is a requirement. To avoid errors and a letter from the IRS, it is wise to have a trained professional prepare your returns.
Benefits of Professional Tax Preparation Services
The purpose of tax preparation services is to ensure you are compliant and current on your taxes, whether you owe the IRS or if the IRS owes you. Simply put, your tax return provides you the financial snapshot of your year in the eyes of the IRS. How else would you know if you paid sufficient taxes? How would know if you paid too much? The answer is tax preparation services.
Chances are, you are not an accountant. You probably have limited knowledge on technical tax issues. We are knowledgeable tax preparers, accountants and CPAs who use our skills to make your life easier every single year. You no longer need to worry about learning complex tax law or how new legislation will impact your taxes. Leave the tax returns and tax law to us. We are experts.
Not being current on your taxes results in a number of consequences. If you owe taxes, penalties and interest will apply. The IRS has up to 10 years to collect on any unpaid taxes. So it is best to file every year to prevent these additional costs. Allowing our tax professionals to prepare any past due returns can save you hundreds in penalties. We are experienced in dealing with the IRS and know how to reduce penalties against you. No one wants to pay the IRS more than what is required.
If the IRS owes you, they will not issue a refund without your taxes filed. It is completely up to you to claim your refund. You have 3 years to file and claim a tax refund. After that time period, that money will go to the IRS. The IRS keeps billions of dollars in unclaimed refunds every year. Don’t be one of the many taxpayers who gives the IRS free money!
Do you want to own a home or buy a second home? Are you seeking employment? Are you seeking a bank loan? Most lenders and employers request to review 1-3 years worth of tax returns. The reasoning is if you can’t file and pay your taxes to the IRS, how can they trust that you will pay back their loan? In today’s job market, employers have the upper hand and request tax returns to verify information about yourself. It is vital that you stay on top of your taxes.
What to Expect When LYFE Accounting Files Your Tax Return?
Expect quality service. Once you decide to allow us to file your return, we will send you a short questionnaire and checklist. This is to make sure your tax process is smooth and efficient and you don’t forget to include any relevant tax documents. We use this information to prepare your individual and/or business returns. Once you review and sign the return, we file the returns.
As we previously discussed, no one wants to pay more than they have to in taxes. For this reason, we offer tax planning for you and your business. We discuss ways you can minimize your tax given your specific situation.
Why Use LYFE Accounting For Your Tax Solutions?
LYFE Accounting is your trusted tax preparer. We are experts in tax related matters and are equipped to serve all of your compliance needs. We have the most efficient process to make your time with us hassle free. We never compromise on data security and you can be assured that your information is safe with us.
We deliver the best customer service and are responsive to all of your questions and concerns. Let us show you how simple and awesome it is to work with us!
Ready to relieve your tax headache? We are ready. Get in touch!