When you’re starting with a new accounting firm, it’s easy enough to miss some of the fine print under the cost. However, a single price tag can be deceiving if you don’t know what it covers. It’s equally important to know how much you’re paying and to have a breakdown of everything you’re paying for.
While you may already know what the cost of monthly accounting will be, there still may be questions about exceptions and specific situations. One of the most common questions we get from small business owners, especially sole proprietors, is whether our monthly accounting fee includes the preparation and filing of personal taxes.
In this article, we’ll outline the types of tax returns we work with, what the cost for those can look like, and why sole proprietorships have a slightly different situation than other businesses.