1852 Flatbush Avenue - 2nd Floor
Brooklyn, New York 11210
|Client Update - quarterly newsletter||
We serve clients in 13 states in the USA and 12 foreign countries. Taxpayers can file their tax returns today and pay the filing fee at the office or online with cash, check, or any major credit card. Payment online is fast, easy, and secure and they will receive a receipt immediately. We can e-mail or FAX them a prepaid shipping label to send documents to us via FedEx or UPS. Our services and fee structure are most suitable and economical for clients who want to engage us on a regular or retainer basis.
Taxpayers can monitor their tax refunds online by clicking on "Track Your Refund." The TAXING AUTHORITIES will deposit your first tax refund into your bank account in 7-14 working days, from the date the tax return(s) were e-filed. Tax preparation fee will be collected as soon as your first tax refund is deposited in your bank account. Payment by check, credit card or automatic withdrawal is subject to acceptance and clearance at your bank.
Fees charged on a case-by-case basis
Clients are charged a flat fee or a fee that is based on results (performance-based compensation).
If a client has a Form W-2, the minimum fee that client would pay to prepare and e-file a personal tax return is $200. The fee is for a Federal and State tax return only, or for a Federal and State tax return that includes Earned Income Credit and Education Credit or Earned Income Credit and Child & Dependent Care Credit (babysitter/day care).
The fee will be more than $200:
|1)||If you are required to itemize personal deductions, such as Mortgage interest, property taxes, Debt Cancellation, Forms K1, Stocks & Bonds you sold, Savings interest, Dividends, Charitable contributions, Office-at-home deductions, Foreign earned income, Residential energy credit, Seamen/transportation deductions, Moving expenses, Job-related expenses, and Losses you incurred as a result of accident, fire, hurricane, flood, and theft.|
If you are required to itemize income and expenses for Rental and Commercial property that you own or if you sold Residential, Rental, and Commercial property.
|3)||If you are required to file more than one state tax return.|
|4)||If you have Self-employment Income and Expenses/deductions.|
|5)||If you are required to file some or all of the items mentioned above.|
|6)||Fees are subject to change even if you had filed the same tax forms last year.|
Those are the standards used in the income tax industry (industry norm). The fee does not include representation before the taxing authorities. A separate fee will be charged if this service is required. We have an excellent record with the taxing authorities. However, that does not mean we or any other accountant or tax preparation company can stop IRS and State auditors from doing their jobs — auditing taxpayers. Hence, clients are advised to keep accurate books and records to substantiate credits and deductions on their tax returns.
Corporation, LLC, and Sole-Proprietorship Fee
|1)||The annual minimum fee for preparing a tax return for an inactive Corporation or LLC is $400.|
|2)||The annual minimum fee for preparing a Federal & State tax return for an active corporation, LLC or Sole-Proprietorship is $700 if the client takes responsibility for the bookkeeping work. The fee does not include representation before the taxing authorities. A separate fee will be charged if this service is required.|
|3)||If a business client would like to outsource work to us because the client needs to devote time to a busy/tight schedule, needs time to concentrate/focus on operating the business, or just need more leisure time; the fee for this service starts from $400 per week.|
For REGULAR CLIENTS, Post-dated payments will be cashed on the prescribed dates as work progresses and they are subject to acceptance and clearance at your bank.
Thanks for your time; and thanks for including Barry's Accounting Services in your search for a reputable tax accounting firm.