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10 November 2008

Re: [taxchat] hourly rates

Bookkeeping is $50 an hour. Minimum two hour charge. Includes entering checks, bank statements, doing sales tax if needed.
Payroll can range from $50 a month for one,two employees... to $200 a month for 5 and more.

Tax Prep
I charge by the form:
Individual - From $80 to $500
S-Corps - From $350-$500

I am going up on my pricing next year.

I am a EA as of this year. Degree in Accounting. I am also a QuickBooks Pro Advisor.

I am located in Northeast Georgia.

CD


From: Terri Ryman <tryman@elkhart.com>
To: taxchat@yahoogroups.com
Sent: Monday, November 10, 2008 10:14:52 PM
Subject: Re: [taxchat] hourly rates

I'll give this a try.
 
Bookkeeping:
  $75 per hour...the companies we work for range from $150-$500 per month.  We do bookkeeping, sales tax, liquor tax, vehicle sales, and payroll taxes, which accounts for the range of prices.  Depends on how many employees, and how many transactions.
 
Tax Prep
  $175 average per return...but we charge by the form, so some returns (children of clients) are $30, and the largest return we prepared this year was $2100 (45 rental properties, 3 schedule C businesses, itemized, etc).  Don't really have an hourly rate.
 
I've missed certifying for Pro Advisor for several years (business just got the better of me, no free time at all).  But hoping to take the course soon...just received the link today.  I've also been studying during the past three months for the Certified Senior Advisor credential.  Take the exam Dec 4th.
 
I'm an EA (since 1992), was KS Exemplary ERO (1999).  Have an MBA (1983).  AND live in the middle of nowhere!
 
 
Terri L. Ryman, EA
SOUTHWEST TAX & ACCOUNTING
503 Morton, Box 1367
Elkhart, KS  67950-1367
 
620.697.2422 Phone
 
620.697.4757 Fax
 
 
 
----- Original Message -----
From: Cris Kelly
Sent: Monday, November 10, 2008 3:04 PM
Subject: [taxchat] hourly rates

I know that this topic has been discussed before but if everyone wants to participate this time I will put together an excel SS & forward to anyone that is interested.

I would like to know what everyone else is charging for bookkeeping / tax returns per hour.  I know that most people charge by the form but I have always charged by the hour.  So if you charge by the form, either give an estimate or just your hourly bookkeeping rate.

If you would include your rates and state, that would be great.

I'll start:

               For Bookkeeping work we charge              $65 if they are a one time client that just needs their books reviewed or P&Ls prepared

                                                                                          $60 if they are a monthly client or a client that already using us for payroll and/or taxes

               For Tax Work                                                   $95 for individuals

                                                                                          $105 partnerships

                                                                                          $115 Corps – C or S

We are in CA

Thanks for the input and let me know if you want a copy of the spreadsheet.

Thanks,

Cris


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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.




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