When you’re buying a car, you might choose one over another because it’s cheaper, even if you’re getting fewer features for it. Accounting and tax services are often the same way (because they can go way beyond bookkeeping).
So, what’s considered a good deal for accounting and tax services? Because you can’t compare apples to oranges, it all comes down to how many things it includes. Let’s talk about it!
At CSI Accounting & Payroll, we’ve provided monthly accounting services to small businesses for nearly 60 years. That means we’ve answered thousands of questions comparing accounting service costs, including:
- What do cheap accounting services include? What is a good range to spend on these?
- What do premium accounting services include? What is a good range to spend on these?
- How do I know which type of service is best for me?
What Cheap Accounting Services Include
It’s rare to find a cheap service that will handle both bookkeeping and taxes, so many business owners will hire a cheap bookkeeping service and a cheap tax preparation service.
If the work is done correctly, there’s nothing wrong with this! Small business owners who choose this path treat accounting and tax services as commodities, so they usually want them to be cheap. It just might not be the best value.
A typical fixed price range for U.S.-based bookkeeping companies is $300-$1,200 per month. Then, business tax filing costs between $1,500-$3,000 each year.
Instead of paying for two cheap services, you can pay more for one premium service to get much more. Let’s talk about it in the next section.
What Premium Accounting & Tax Services Include
With premium accounting and tax services (like monthly accounting), you treat accounting as an investment to minimize what you owe in taxes and make the best financial decisions. Using CSI Accounting & Payroll as an example, these services are included in a fixed monthly fee:
- Monthly bookkeeping & account reconciliation
- Monthly financial statements
- Proactive advice, plus unlimited, one-off questions
- Audit representation
- Tax strategy, preparation, & business tax filing
Our average accounting fee comes out to approximately $750 per month. However, depending on your activity and complexities, your fee can range from $600 to more than $1,000 per month, with nothing extra due for business taxes. See current pricing information here.
Is it worth it? I sure think so, but you don’t need to take my word for it. Check out CSI’s hundreds of 5-star Google reviews and case studies and decide for yourself!
Which Is Better for You?
So, which is better for your business: two cheap services or one premium service? It varies by your history, revenue, business size, client base, desired level of involvement, and more.
Without talking to a professional, I can’t give you a definite answer. However, you can click the image below to take our Ideal Accounting Solution Quiz and get an unbiased result based on your answers:
Treat Accounting Like an Investment!
Now that you know about cheap accounting services, premium accounting services, and which one might be better for your business, are you ready to check out monthly accounting services?
If so, please consider CSI Accounting & Payroll! To see if we can be a good fit for your business, click the button below for a free consultation:
Not ready to talk? That’s okay! First, try our Pricing Calculator to get an estimate of what your fee might be by clicking the image below:
