Small-business accounting

February 4, 2005 11:11 PM

I run a small design firm out of the house, with 2 employees and yearly sales of about $250K. How much should I pay for basic accounting services? He only does my taxes, I have a payroll service for payroll, and I do my own bookkeeping.
posted by anonymous to work & money (3 comments total)

It depends to some extent on where you're located, and "only does my taxes" often ends up being more complicated than you'd think. There's no single easy answer to your question. Are you getting an itemized bill with hours, or do you pay a flat rate? You can email me if you want more info. Hourly rates vary a lot depending on where you are, and within a region by who you use.
posted by anapestic at 5:01 AM on February 5, 2005

Also, does he prepare a separate business return, or does it go on a Schedule C on your 1040? And if he does an 1120S or whatever, does he also do your 1040?
posted by anapestic at 5:12 AM on February 5, 2005

Here in Toronto, a tax return with no bookkeeping services will run you $1000-$3000CDN (depending on where you go) for a small incorporated business of the size you describe.
posted by Krrrlson at 12:20 PM on February 5, 2005