Fee Structure

Service and nature of work:

Prepare monthly sales tax reports. These monthly reports are filed and paid electronically and are based on the monthly sales data provided by the client:

1. Texas Comptroller (01-117) – generally due by the 20^th each month.

2. NM-CRS-1 sales taxes report – generally due by the 25^th of each month.

Firm Fee Structure

Generally a flat fee of $75 each month per state to prepare and submit these filings.

Prepare quarterly payroll reports. Texas Workforce Commission, New Mexico Dept. of Labor and IRS quarterly reports are prepared and based on monthly payroll data provided by the client:

1. IRS quarterly Form 941.

2. TWFC quarterly C3 report.

3. NMDOL quarterly ES903A report.

4. NM TRD-31109

Generally flat fees of $175 per quarter for up to 5 employees - above that add $10 per employee.

These reports are due quarterly by the end of the next month following the quarter.

Example: File and pay 4^th 941 (Oct. thru Dec.) by January 31^st.

Prepare annual payroll reports. These reports are based on monthly and total annual payroll data provided by the client.

1. IRS Form 940

2. W-2s

3. TWFC C3-DOM (Texas annual report).

Generally flat fees of $175 for up to 5 employees - above that add $10 per employee.

These reports are due by the end of the next month following the end of the year.

Example: File and pay annual 940 by January 31^st.

Prepare annual federal income tax forms. Form 1040 (with 1 Schedule C; or a single member LLC; or Schedules E or F) for 2010 with these general terms:

All 1099s, W-2s, 1098s, etc are provided by client.
Bookkeeping is somewhat light, i.e., business net income, inventory figures, and depreciable asset figures are all provided by the client.
A retainer (deposit) may be required.

Example of 2011 - 2012 fees

Prepare basic 1040	$150
Prepare Sch. A	$30
Prepare Sch. C	$125
Prepare Sch. D with 2 gains	$10
Prepare Sch. E	$60
Prepare Sch. SE	$20
Prepare Depreciation 4562	$30
Total	$425

A negotiable flat fee (generally starting at $125) for the basic 2010 1040 – Schedules C will vary depending on how much bookkeeping has to be done.

1040 U.S. Individual Tax Return	$125
1040A U.S. Individual Tax Return	$125
1040EZ U.S. Individual Tax Return	$125
1040X Amended return	$250
Sch. A Itemized Deductions	$30
Sch. B Interest and Dividend Income	$20
Sch. C Profit or Loss from Business (all bookkeeping done by client)	$75
Sch. D Capital Gains or Losses (per entry item)	$5
Sch. E Supplemental Income & Loss	$60
Sch. L Standard Deduction for Certain Filers	$25
Sch. SE Self Employment Tax	$20
1040-ES Estimated Tax Payments	$10
2106 Employee Business Expense	$25
2441 Child and Dependent Care Expense	$25
3903 Moving Expenses	$40
4562 Depreciation and Amortization	$30
6251 Alternative Minimum Tax	$60
8283 Non-Cash Charitable Contributions	$25
8829 Business Use of Home	$30

Prepare Form 1099 and Form 1096:

1. $50 for each 1096.

2. $15 for each 1099.

Electronic filing $10, state tax returns and married filing separate are all extra.

Ask about military discount of 10%.

If you must file a form 1065 or form 1120S, those are more complex returns and the general range of rates for those returns are :

$700+ for Form 1065 (partnership)
$700+ for Form 1120 (corporation)
$700+ for Form 1120S (S corporation).

IRS Representation Services.

A negotiable flat fee or hourly rate usually starting at $50 per hour.

Consulting Services.

A negotiable flat fee or hourly rate usually starting at $50 per hour.

Bookkeeping Services.

A negotiable flat fee or hourly rate.