annual tax report

how much did you pay for report?

[FridayNight]

those of you who used professional help to do your tax report for the company, how much did it cost you?

i was talking with someone and he said:

>>>The fees for the accounting and tax returns should be no more than $500 each.

$500 is not that expensive, what do you think?

[diamondgrl]

$500 would be cheap if you can get away with it but it all depends. I've got stuff that is more complicated so I plan to spend about $5000+ on accounting this year.

[FridayNight]

$5000+? That must be very complex then!
So what do you think about $500. Is it too cheap to be good - no, I don't have anything very complex, just 100 deposits, 20 outgoing wires, some stock trading.

[diamondgrl]

I wouldn't worry about paying too little for that. It sounds like you've got a pretty simple situation.

I have to deal with multiple companies and employees, potentially multiple offices, cost allocation issues, thousands of expense and income transactions, etc. So it's a lot of detail and then there's some mopup that is being done of not-so-great bookkeeping practices in the past. And, well, that can get complicated.

[jenco]

Prices demands on many factors.
1. Country of estabilishment of your business
2. Countries to which you are selling
3. Types of transactions
4. Value and amounts of transactions
5. Country where will be tax payed / refunded.

Country of estabilishment does not have to be the same country where you pay taxes.
If your company is estabilished in the USA and you sell to Europe in higher volume than 60.000 EUR / year, you have to pay taxes in country to which you are selling and send oggicial tax reports.