Individual Income Tax Returns
Income taxes will always be here and will always be changing. Sometimes they even change in the middle of the year, either by governmental change or a change in your personal life. Both can affect the amount of tax you could owe. ACT Financial is available throughout the year to answer questions. It doesn't make sense to wait until January 1st - Apri 15th of the new year to meet and talk about last year. You can't make many changes to last year's tax liability after December 31st has passed.
I don't do taxes "while you wait." Returning customers drop off documents (handed to me or my dropbox) at their convenience and, in some cases, I pick up paperwork. There is also a secure web portal to upload your documents via an emailed link you can receive to create your account with your own password.
Every person's individual income tax situation is unique so the cost of income tax preparation can vary. Generally, you can expect to start at $70 for a single person with a only W-2 wages, up to $150 for a married couple with W-2s, 1099-R, unemployment, Social Security, dependents, interest/dividends, capital gains/losses, HSA, education credits, student interest, EITC, etc. Oftentimes, not all of these are present, but there may be small business Schedule C(s) or rental income Schedule E(s) with depreciable assets that can fluctuate costs up to $250.
Be aware that extra documentation is required for taxpayers who are eligible for refundable credits like the Earned Income Tax Credit (EITC), Child Tax Credits (CTC) and American Opportunity Tax Credit (AOTC).
S-Corp or Partnership Returns
Maybe you have an S-Corp (Form 1120-S) or Partnership (Form 1065). Those would be $350. Some business owners may have an abundance of assets that need reviewing or need a little help tidying up the year-end so there can be variation resulting from up to $50/hour bookwork.