CPA FIRM VS TAX STAR MOBILE

Since CPAs are at the top pay scale their cost may vary from $150  to $250 per hour. In some cases, there CPA cost can go as high as $500 per hour.

Some factors that play a crucial role in the average CPA cost are;

• Task difficulty. A simple business owner will not have to worry about higher taxes or CPA costs.

  • The business size. It will help indicate whether the CPA will be hired full-time or hourly based.

  • Locality. The cost of CPA will vary from one region to another. High commercial areas like NY City will make you cost more than Dallas.

  • Expertise. The years of experience under the CPA belt determine the expertise. According to it, the prices may vary.

The average cost of tax preparation by CPAs by form

Tax Form	Average Cost Range	Tax Star Mobile
Form 1040 (includes Schedule A &C)	$300 – $800	$150-450
Form 1040-SR	$300 – $800	$150-$50
Form 1040-ES	$150 – $400 per quarter	Shows you how to self pay for FREE
Form 1065	$1,000 – $3,500	$400-$850
Form 1120	$1,000 – $3,500	$500-$1000
Form 1120S	$1,000 – $3,500	$500-$1000
Form 990	$500 – $2,000	Discontinued service

Different CPA Services and Their Average Hourly Costs

Service	Hourly Cost	Tax Star Mobile
Full Payroll Management	$150 – $350	Flat Rate By Affiliate
Bookkeeping or QuickBooks Advisory	$75 – $200	Advisory (Free)
Management Advisory	$200 – $400	Free
Financial Statement Audits	$250 – $500	$100
Financial or Estate Planning Services	$150 – $450	FLAT FEES - Financial Planning (free) - Estate Planning Book $155. - Will, POA, MHD (FREE with LS membership) - Discounted Trust prepared by a lawyer $250 ( with LS membership)
State tax Return Prep	$200 – $450	Free with Federal File

Source: AICPA

Everyone wants to save where they can, but it is important to understand the scope of work being performed and the market rates for goods and services as well as to not engage in insulting or shameful price haggling.

Remember, your affordability or willingness to pay doesn't mean a service or a product is too expensive. That's only your emotional tap. The logic and more informed tap is researching market rates and comparing like with like.

This client Makes 6 Figures averaging $380k-$400k annually, Keeps poor records, Often makes up numbers in their profit & Loss sheet that I have to correct, and does not follow instructions or obey the tax rule of paying yourself a reasonable salary when you make an Scorp election. She got upset with me when I told her that I had to speak to her children to do their taxes per the IRC Codes unless they provided me with a POA stating they gave her permission to file taxes.

Explaining to her how to take her business income of her personal taxes and the benefits thereof was why her children were able to qualify for the pell grant. I had a client who doesn't make 1/4th of her income and her twins were getting denied for the pell grant. EVERY YEAR she was advised to print the tax return before portal expiration. She waited and didn't instruct her sons to do the same, so they were charged the convince fee, which also less than what the IRS charges, for taking the time out for irresponsibility of not printing out her tax records.

Not only only did she save $1000s on her tax prep, she saved $1000s on a possible tax debt settlement of $26,000 had she went to a place who have done the bare minimum just so they could charge her for the extra service.

Entitled much?