Accounting cost

Mrplowcjc

LawnSite Member
Location
Central NJ
Trying to get a feel for what other guys are paying for accounting fees. I have and accountant file my taxes for me. He does my s corp taxes and my personal taxes, state and federal. I am a one man band for the most part with 2 part timers and every body is paid through a payroll company that is seperate from my accountant. Last year I paid $2700 + I'm thinking that I am paying to much.
 

xclusive

LawnSite Bronze Member
Location
Northern NJ
Yes I think that is a little high. I think mine cost like $800 last year and my buddy paid around $1200 give or take a little.
 

djagusch

LawnSite Platinum Member
Location
MN
Seems high also. I pay less than that for all my payroll expenses, qb review/help, and taxes.
Posted via Mobile Device
 

Roger

LawnSite Fanatic
Location
McMurray, PA
The OP suggests that the $2,700 is ONLY for tax preparation. Is that right?

If so, I think it is way too much. But, what are you giving him/her? Do you have complete QuickBook reports (or similar) for all income (itemized), and a complete breakdown of expenses? Or, are you giving him/her a shoebox with piece of paper?
 
OP
M

Mrplowcjc

LawnSite Member
Location
Central NJ
I have all of the paperwork done in statements through quickbooks. I didn't know if the s corp made for a lot of extra work. I have been with this same accountant for twenty years and in the last 5 years it seems as his rates have more than doubled. I hate to change but it sounds as if I'm really being thrown under the bus.
 

TJLANDS

LawnSite Bronze Member
Location
JACKSON,NJ
I am in Central NJ also and my accountant Charged us the same last year,
$2700
We give them all of our records in QB at the end of the year and they
do our returns only.
Everything else is done in office
 

turf hokie

LawnSite Silver Member
Location
Metro NY
You guys need new accountants.

Mine comes to my office and does my 2 business and personal for around 1500.

Perhaps I get a better price because it is a 3 for 1...but not 50%

IN EDIT: he also comes to me for my quarterly sales tax that we have to report to multiple states with 2 companies. So maybe that factors the price to? I am a regular customer and not just a once a year visit? But even still I pay him less for the whole year than some of you guys pay for just the year end., 16 sales tax returns, 2 year ends and a personal....

Good luck.
 
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