Corp tax accountant fees

[snoop101]

On average how much does you corp tax accountant charge for taxes and GST returns?

Mine seemed somewhat high, but I have never done corp taxes before so maybe its just im comparing it to personal taxes.

[Supa Dexta]

1300 I think?

[snoop101]

Ok then its not to bad. Im paying a grand for 2 years of Corp taxes and GST.

I thought it was high, but I guess its actually decent.

[benyl]

1% of gross is what mine charges.

[KappaSigma]

Originally posted by snoop101
Ok then its not to bad. Im paying a grand for 2 years of Corp taxes and GST.

I thought it was high, but I guess its actually decent.

Super cheap. Mid size to even smaller firms pay $1500-2500 for a basic year end (NTR).

Remember you get what you pay for....

[DJ_NAV]

My accountant does mine for $1250. Bookeeping for the year, corp taxes, GST and even does my T4/T5 filing if I make profits. I have about 30 transactions per month. When I shopped around I saw prices from $1500 to $2500 for the same package.

PM me if you need my accountant's number.

[Sugarphreak]

....

[02WhiteWs6]

$1100 for corporate tax and t5. I supply the quickbooks data file.
I do GST returns. QBooks pretty much does it for you.

[benyl]

I actually stopped paying my accountant last year and do it myself... $149 with turbo tax.

My accountant was using turbo tax (quick tax). haha.

T5's take 5 minutes. I do GST quarterly myself and have been doing it for the last 20 years.

All he was doing was taking my ledger and transferring it to a tax program. I would have kept using him, but he kept fucking up the last couple of years. I figured why am I paying so much to only be re-assessed every year.

[bspot]

If I was using an accountant for the past 5 years, how hard would it be to figure out this year myself? I was just doing consulting, so pretty easy stuff, plus a rental house.

I don't know how the old outstanding shareholder loans and all that junk works out.

[Lex350]

Originally posted by KappaSigma


Super cheap. Mid size to even smaller firms pay $1500-2500 for a basic year end (NTR).

Remember you get what you pay for....


Don't agree with that. Some of the larger firms rape you for charges no mater how simple the return.

[benyl]

It isn't that hard.

My taxes for the last 6 years were the same. I just used the reports he gave me as a guide and inputted the numbers accordingly.

I even figured out how to do the depreciation on a PC I bought (100% last year).

The rental house is personal (assuming) and thus only applies to your personal taxes. Regular turbo tax makes that a breeze (I have a number of rental properties).

[KappaSigma]

Originally posted by rotten42



Don't agree with that. Some of the larger firms rape you for charges no mater how simple the return.

What I am saying is that smaller firms who are cheaper usually have fewer levels of review. Such as a preparer and partner while a larger firm will have a preparer, manager and than partner. And on reviews/aduits there are 4 sets of eyes (an addiitonal partner for quality review).

[TomcoPDR]

+1, Around $1,200 too.