FAQ - Your Tax Solutions

Frequently Asked Questions

1. What documents do I need for tax preparation?

We typically require W-2 forms, 1099s, receipts for deductible expenses, investment statements, and any other relevant financial documents.

2. How can I reduce my tax bill?

Through strategic tax planning, we explore opportunities for deductions, credits, retirement contributions, and other tax-saving strategies tailored to your financial situation.

3. What's the difference between a deduction and a credit?

Deductions reduce taxable income, while credits directly reduce the amount of tax owed. Credits often offer more significant savings than deductions.

4. What happens if I miss the tax filing deadline?

It is crucial to file for an extension before the due date of your return. This does not give you an extension for paying, however. If you think you may owe taxes it is best to include a payment with your extension.

5. How often should I update my bookkeeping records?

Regular updates, preferably monthly, ensure accuracy and provide a clear picture of your financial health for informed decision-making.

6. What's the benefit of outsourcing payroll services?

Outsourcing payroll saves time, reduces errors, ensures compliance with tax laws, and allows you to focus on core business activities.

7. What's the importance of maintaining accurate financial records?

Accurate records not only facilitate tax preparation but also help track financial progress, make informed business decisions, and provide documentation in case of audits or inquiries from tax authorities.

8. How can I ensure compliance with changing tax laws?

Our team stays abreast of the latest tax regulations and reforms, providing proactive guidance to ensure compliance and mitigate risks associated with evolving tax laws.

What Is Our Pricing?

Please note that our prices below are not meant to be all inclusive. Certain variables may effect the pricing.

Payroll

$59.00 initial set-up fee
$59.00 per month for basic payroll
$3.50 per active employee or subcontractor, per payroll run
$4.00 per employee for printed W-2 or 1099

Payroll taxes are automatically withheld when payroll is run. Taxes are electronically paid and filed when due. Electronic filing when available, all others filed and paid manually. Includes direct deposit of payroll wages. If checks must be printed it is $2.50 per check. Employees must connect to the Workforce app to view paystubs and receive their W-2. They can update their personal information, bank information, and change withholdings within the app.
Calculations of PTO and other benefits are priced separately.

Accounting

Monthly bookkeeping services start at $199 per month (includes entry of up to 100 transactions per month, reconciliation of one bank account and one credit card account.) A monthly Profit and Loss and Balance statement will be sent along with any paperwork that must be returned.

$1.50 for each additional transaction over 100.
$15 for each additional bank account or credit card account.

Invoicing, accounts payable, accounts receivable are priced separately.

Tax Services

Individual returns (1040) – $179.00, include one state return.
Schedule A, C, D, E, F – $35.00 per form
Partnership Returns – $295.00
S-Corporation Returns – $395.00

Your Tax Solutions

Let Me Help You Save Time and Money