Bookkeeping & Accounting
Quickbooks setup or Quickbooks error correction can be one of the first steps a business needs to start tracking their income and expenses. Quickbooks setup starts around $250 and can be up to $450 for more complex companies structures.
Running payroll is a necessary obligation if your business wants to be in compliance. Payroll errors can be extremely costly. Penalties may not be resolved even in bankruptcy proceedings. Payroll setup starts at $100 and can be up to $490 for more complex business structures.
Monthly bookkeeping includes bank accounts reconciliations, for the most part. Basis bank reconciliations for accounts that don’t have more than 50 transactions per month is around $70/each. Additional transactions that include research FASB or IRC are at additional prices. Most monthly bookkeeping services run from $200 to $500/month.
Individual & Business Taxes
Individual taxes include the usual 1040. If you have a small business or a rental it may be included in the 1040 under a Sch. C or a Sch E. Prices for a 1040 start at $250 (very basis 1040). Additional schedules/ forms are an extra $50. Discounts may apply.
Foreign disclosures are a very complicated topic in taxation. It doesn’t make it easier to know that penalties for incorrect disclosures are very severe. For example, a missed form 5472 can be penalized by $25,000/year. Prices for foreign disclosures are higher, because several professional are doing the work. Foreign disclosures prices start at $1,200.
IRS Problems Resolutions
Offer in Compromise covers:
- evaluating your situation,
- getting transcripts from the IRS,
- deciding if the taxes owed accessed by the IRS are incorrect and need to be disputed,
- deciding if you qualify for an application to settle the debt for a lower amount,
- filing the necessary paperwork,
- communicating with the IRS.
Prices for the Offer in Compromise start at $5,000. Discounts may apply.