Services & Fees
How our fees work: Unlike many firms, we do not charge by the hour or by the form for tax preparation. We provide upfront pricing which means you will know and agree to our fee prior to us beginning any work. Once we have all, or at least all material information required to prepare the return or project we determine our fee based on your unique tax and accounting needs. Fees are calculated after our review of the documentation provided, we then determine the time it will take us to prepare, review and finalize the return or project based on the complexity of the services needed. We may ask for 50% of the fee prior to beginning any work and the balance when the draft is complete.
Tax Medic Fees For Services
Hourly services
Bookkeeping & Accounting $85 per hr.
Consultation $85 per hr.
IRS Resolutions & Audit Support $175 per hr.
Federal & State Correspondence $85 per hr.
This fee does not apply to current clients for tax years we were engaged for.
Bookkeeping Service
(We maintain books and records in our office, client receives detailed reports)
Monthly/Quarterly Bookkeeping Services
Small Businesses starting at $100 per month
Quarterly Review and Reconciliation
Small businesses starting at $350 per quarter – average per quarter $350 – $1,000
Annual Review and Reconciliation
Small businesses starting at $500 – average per tax year is $550 – $1,200
Tax return preparation & filing
Personal Federal Income Tax Preparation $125 – $750
1040 return and related statements, including cost of e-filing or mailing (does not include audit support)
Personal Federal AMENDED Income Tax Preparation $275 – $500
Amended 1040 return and related statements, including cost of mailing (does not include audit support)
Personal State Income Tax Preparation $75 – $200
Return and all related forms, including cost of e-filing or mailing (does not include audit support)
Business Federal Income Tax Preparation $395 – $1,500
1120, 1120s, 1065 and all related forms, including cost of e-filing or mailing (does not include audit support)
Business State Income Tax Preparation $295 – $550
Return and all related forms, including cost of e-filing or mailing (does not include audit support)
Tax Exempt Federal Return Preparation $500 – $1,500
Form 990’s and all related forms, including cost of e-filing or mailing (does not include audit support)
Sales Tax Return Preparation $85 - $175
Per state, per filing (does not include audit support)
Annual Federal 1099 Filing Preparation $175
Filings for Up to 5 Contractors – ($10 each additional contractor) (does not include audit support)
New Business Set UP
Articles of Organization or Incorporation $200 (does not include State fee)
Tax Identification Number $85 - $150
S-Corporation Election $110
Preparation and Electronic Filing of Form 1023-EZ Federal application for tax exempt status $400 (does not included Federal fee - $275* this fee is subject to change)
Preparation of form 1023 Federal Application for Tax Exempt Status Small Tax-Exempt entities average $600 – $2,000 (does not include Federal fee - about $400 to $850)
Pricing subject to change, adjusted to meet individual clients unique needs and discounted when multiple services utilized. We work with all clients to determine how we can work together to meet their tax and accounting needs at a price they can afford. Fees are determined and agreed upon once ALL information is received and prior to beginning any work. Tax preparation fees do not include audit support.