“What’s a reasonable price to pay for preparing taxes?” one might wonder.
Kissimmee tax professionals and tax accountants use a multitude of methods to set prices for tax preparation in Kissimmee. Invariably, determining a fair price to pay proves quite difficult. It should be observed that the price for tax preparation services indefinitely increases depending on the complexity of the tax return.
Tax accountants in Orlando and professionals alike use a variety of methods to determine prices. These include:
- A pre-determined fee for tax form or schedule
- A fee based on the previous year’s fee and an additional fee in case a client’s tax situation changes
- Depending on the subjective value of the tax preparation service, a value-based fee is added
- An hourly rate for time spent preparing tax return Kissimmee
- A set fee for every item of date entry
The actual fee structure varies from accounting firm to firm. In case you are comparing different Kissimmee tax accountants, you ought to ask how they determine prices and what exactly they estimate your respective tax preparation in Kissimmee cost to be. However, due to certain factors we won’t be exploring in detail in this article, tax accountants may not be able to provide you with an accurate price quote. Ask your tax accountant for a probably price range on Kissimmee tax returns.
Average Prices – General Kissimmee Tax Preparation
A 2012 study conducted by The National Society of Accountants reports the following figures:
- $246 – average for 1040 with Schedule A and state return
- $143 – average for 1040 with state return/no itemized deductions
Average Prices – Franchised Tax Offices
- $192 per return; H&R Block
- $173 per return; Liberty Tax Service
Jackson Hewitt, which is a nation-wide chain, unfortunately was not willing to disclose their average fees.
Determining What’s Included in the Tax Preparation Fee
Be sure to ask your tax accountant exactly what the fee entails; this will help you determine if your particular tax preparation Kissimmee fee is appropriate and fair. Perhaps they charge extra for electronic filing or in case you need a copy of the tax return sometime later that year. Or maybe the fee includes a tax consultation or planning meeting where you ask questions and get advice on how to minimize taxes – all of this could very well be charged to you, and it’s good to get it out in the open early on.
Certain Orlando accounting firms, particularly franchise chains, charge an extra for audit protection; a way to prepay you for any costs attached with an audit on your tax return. Always ask your tax accountant in Orlando how they’re going to charge you in case a scenario like this arises. Also ask if they’re willing to correct any mistakes free of charge. Also ask how your tax accountant will go about charging you in case you need to ask any tax questions down the road, or need copies of your documents. Or even in the event you need to respond to a letter from the IRS, all these are very relevant and crucial questions.
If you need more information about our, Orlando accounting and tax services, please contact us at 407-344-1012. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, and Hunters Creek, FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin numbers, incorporations, and non profit 501c3 tax exempt status applications.