Pricing is important to success in the small business. I use the same cost control strategies as recommended to my small business clients to maintain a low price competitive advantage in my field. The savings are passed on to clients in the form of lower pricing.
My competitive pricing strategy depends a few operational procedures:
- Written agreements help improve communication about the details of engagements and our expectations.
- Electronic payments made timely.
- Work scheduling based on receipt of payment.
- Ongoing informal electronic communication to keep in touch with clients while “on the go” to supplement in-person and telephone sessions.
No charge services
I offer an first consultation without charge. This offer is limited both by available time and prioritized based on situations where I can have the most impact.
My fee is based on a stated dollar amount or formula for the successful completion of a contracted service based on an expectation that the demonstrated value of result of this service to you or your business is higher than the expected cost. This fee approach is driven by results and is sometimes called ‘value pricing’. The fee is always agreed in advance, in writing.
Tax filing services
Rates for annual tax return preparation services are based on the required schedules to be filed. This pricing list is for 2016 tax returns (for returns filed in 2017) for remote online tax preparation in conjunction with some type of tax planning service, without additional accounting required.
Form 1040 (individual income tax return) with Schedule A and one state income tax return, e-filed, with taxpayer’s copy delivered electronically: $250
Form 1040 or 1040A (individual income tax return) without itemized expenses or credits and one state income tax return, e-filed, with taxpayer’s copy delivered electronically: $150
Schedule C (sole proprietor business or one member LLC): $150
Form 1065 (partnership): $500
Form 1120 (corporation): $600
Form 1120S (S corporation): $700
Form 1041 (fiduciary): $400
Form 990 (tax exempt business): $500
Form 940 (Federal unemployment): $60
Schedule D (gains and losses): $100
Schedule E (rental): $125
Schedule F (farm): $150
Other companies’ products and services
The largest part of the total billed fees in many engagements is actually the charge for products and services of third-party companies, not my own services. These fees are set by others so they may vary on a case-by-case basis. I typically increase or ‘mark up’ the price of these products or services in re-billing. All fees are agreed in advance, in writing.