TYPICAL BOOKKEEPING SERVICES:

Hourly rates for an outside bookkeeping service run $20-$50 an hour, depending on complexity and location. Usually you can hire a trained, experienced bookkeeper on a contract basis for $30-$40 an hour, but there can be a minimum monthly charge of $100-$150 for small businesses that don't require a lot of work hours. The amount of bookkeeping time required will vary significantly depending on the complexities of the business and the industry. An established the Midwest retail store with 12 employees generates about 4-6 hours a week of bookkeeping work, or $480-$960 a month, plus $80 in monthly fees for a payroll service to issue paychecks and file payroll tax forms. Accountants sometimes have on-staff bookkeepers to provide these services, usually at $30-$50 an hour.

 

A basic payroll service averages $0.80-$2.00 per check, plus a base account fee which varies depending on the frequency of payroll periods, while options such as tax filing and direct deposit can add $4-$9 per payroll period, according to entrepreneur.com .  For example, a Northern California retail store with two locations and 12 employees pays about $80 a month to a for issuing twice-monthly paychecks as well as calculating and filing all monthly, quarterly and annual state and federal payroll tax forms.

 

TAX PREPARATION:

 

Charges for preparing quarterly and year-end business taxes vary depending on the complexity, the size of the firm and the kind of business. Fees for preparing monthly, quarterly and annual payroll tax forms are usually included as part of a payroll service. Income taxes for a sole proprietorship with no employees are filed as part of the owner's personal income taxes. Hourly rates run $100-$400 for enrolled agents or tax accountants; often accountants charge the higher amounts. Generally a fairly simple income tax return for a partnership, corporation or a sole proprietorship with few or no employees starts around $250-$500 and goes up to $1,500-$2,500 and more depending on circumstances. Some firms have a minimum charge for corporate income tax preparation of $500 or more.

 

YANG & ASSOCIATES, LTD.
Monthly Service Packages

 

No. Employees             Fee/Check           Total                     Service Fee             Total/Payroll

5                                   $2.75                    $13.75                  $25.00                      $38.75

10                                 $2.50                    $25.00                  $25.00                      $50.00

15                                 $2.25                    $33.75                  $25.00                      $58.75

20                                 $2.00                    $40.00                  $25.00                      $65.00

25                                 $1.75                    $43.75                  $25.00                      $68.75

30                                 $1.75                    $52.50                  $25.00                      $77.50

35                                 $1.75                    $61.25                  $25.00                      $86.25

40                                 $1.75                    $70.00                  $25.00                      $95.00

45                                 $1.75                    $78.75                  $25.00                      $103.75

50                                 $1.75                    $87.50                  $25.00                      $112.50

100                               $1.50                    $150.00                $25.00                      $175.00

150                               $1.50                    $225.00                $25.00                      $250.00

200                               $1.25                    $250.00                $25.00                      $275.00

250                               $1.25                    $312.50                $25.00                      $337.50

300                               $1.25                    $375.00                $25.00                      $400.00