What do CPA’s charge to prepare a tax return for a writer?
Naturally, CPA fees vary depending on location and their experience. A typical rate for a one-hour consultation with a small business CPA might cost you $100 to $300. Many CPAs will meet with a new business owner for 30 minutes for no charge.
Many writers use CPAs for tax preparation only. A recent survey by the National Society of Accountants found that the tax preparation fees for the following business forms averaged:
- Sole proprietorship (form Schedule C): $212
- Partnership return (Form 1065): $551
- S corporations: $665
- C corporations: $692
These fees do not include the tax return for the individual which averaged $229 for a Form 1040 with itemized deductions and a state return. The survey found that tax preparation fees vary by region and size of the firm.
So expect to pay about $400 to have your tax return prepared. That can vary if the personal portions of your tax return have some complexities like investments, rental property, more businesses, etc.
Tax Season Special!
During tax season 2020, I am offering two videos when you buy a paperback copy of my book Business Tips and Taxes for Writers.
These videos are recorded webinars about 45 minutes each and cover:
- The IRS tax forms explained in plain English
- A sample tax return for an author
- Tax deductions that are typical for writers
- The new tax deduction for small business
- Tax tips from a CPA and author
- The forms you need to send to subcontractors
- When you need to charge sales tax and when you don’t!
- The IRS red flags that could trigger an audit
These videos are for writers who are earning money from their writing or have expenses related to writing and wonder what they can deduct on their tax return. This is professional advice from a CPA and author.
After you complete your purchase (via Payal) you will be directed to a page with the video links. Bookmark this page so you can watch the videos later. I will also send the links via an email.
If you do not receive the email, contact me, Carol Topp CPA. at Carol@TaxesForWriters.com
I hope the book and videos are helpful to you as you prepare your tax return.
Carol Topp, CPA
TaxesForWriters.com
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