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They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. “How much do accountants charge for year-round bookkeeping services?” Tax return (incorporated) — $800 to $1,800. Hourly Rates.
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In smallbusinesses, CPAs might help you select the best entity, hire your first employee, taxplan, create a budget, set your pricing, prepare financial projections, or oversee your books. They also taxplan which means they can help you craft a plan to actually lower your taxeslegally through the tax law.
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Because of their legal designation, CPAs are able to do more than a typical accountant and are highly sought after. Now, why are businesses choosing to outsource their accounting needs to a Virtual CPA instead of a traditional CPA? Accounts Payable & Receivables. TaxPlanning. Tax Audits.
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Now, remember, this post is for informational purposes only, and by no means are we giving you legal or tax advice. They have the most experience in preparing tax forms and can also advise you on what should or should not go on your return. Or, contact us today to talk to one of our tax experts!
You see, the IRS will send you several letters telling you about the owed amount, tax penalties, and tax interest. And if you ignore them, the IRS could determine that you are evading taxes or committing tax fraud, which could put you on the hook for legal fines. And even jail time. Request a Penalty Waiver.
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