Originally Posted by Emo7874
I just want to try to cure my frustration. I had a pretty complicated tax return including a short sale and LLC. I didn't want to do it alone like I usually do. I gave an accountant all my info on Feb 20. Now He's scrambling to finish today and is charging me $1500??? Is that normal?
Thanx for any responses.
Income Tax accountants can charge a variety of fees to prepare your tax returns each year. Rates will vary depending on how many forms need to be filed and the complexity of the business or personal return. more complicated returns with unique situations requiring hours of additional work, or close work by a partner (versus an associate) can make a return costly I guess hard to tell it is too high or proper or etc aas it depends on your return(depending on the type of work, the size of the firm and its location.). for example, The owner of an established Northern CA retail store with 12 employees generates her own monthly financial statements using QuickBooks software but budgets about $300-$400 annually for two hours of consultation with her accountant. Your needs will vary depending on the complexity of your business and your industry, and how much you already understand about business finances. For business returns, some individual CPA's charge a sliding scale, based on receipts. For example, if your business has annual receipts of $500K, they can charge a fee of $400. However, for a business with annual receipts of $1 million, they may charge $850 to file the return.