Fees

Pricing Philosophy

We provide services of significant value and superior quality, with an operating model focused on servicing our clients.  We deliver these services in the form of financial statements, analysis, opinions, pathways, tax returns, compliance filings, reports, meetings, texts, emails and phone calls.  

While there will always be a place for billable hour pricing in our profession, we find it a somewhat archaic system.  At our firm, we subscribe to a belief that compensation based on billable hours is problematic and a detrimental incentive, whereas, the success of the firm is measured on the number of hours worked rather than the number of problems solved for clients.  We focus on what matters, you:  listening, understanding, solving  and communicating -  without the specter of a timer or a ticking time-clock.  We never want our clients to feel they have to rush through a meeting or a phone call in fear of a looming invoice or bill.  If you call, e-mail or text our firm with a general question that we can quickly answer, we consider this a courtesy; in fact, these interactions are a fundamental part of our ongoing relationship. 

It is NOT our model or philosophy to "sell-time" or "generate billable hours."

Our clients deserve certainty in service, relationship and pricing. 

Individual Income State Return (Form 1040)   Minimum fee - $950.

Example of a minimum fee return:  approximately five (5) formal tax documents such as form W-2(s), 1098 interest statement, 1099-INT and1099-SSA;  orgainzed, itemized/Schedule A deductions, one state return.  

Additions to the minimum fee:    Activities captured in forms such as 1099 brokerage statements, K-1s, Sch E/rental properties, small business/schedule C items, sale of your primary residence, etc. would incur fees in addition to the base fee of $950.  Depending on the complexity of a particular situation or additional services required, fees could increase materially above the minimum stated fee.

* This type of engagement is tailored specifically for individuals who seek the proficiency and expertise of a Certified Public Accounting (CPA) firm for their tax preparation but do not necessitate regular, year-round interactions with a professional or ongoing advisory services.   If such services are needed, please review our ‘tax preparation & advisory subscription plans’ below.

Individual tax preparation & advisory subscription plans (Annual Engagement)

The following notes are an integral part of the above subscription  pricing, please read:

• Subscription fees, 12-month fee agreement paid by client prospectively, automatically on the 1st of the month via debit card, credit card or eCheck/ACH.

• Minimum fee for a dependent/child return (i.e. dependent of client) under the age of 24 is $250.

• Amended Tax Filing (Form 1040X), correction of tax returns which have been previously filed, starting at $1,000.

• Tailored and custom plans available and will be developed collaboratively with input from both firm & client; prices will vary from plans above.

• (1) exclusions apply, see "Terms, Privacy & Disclosures" webpage

Entity tax preparation

Business Entity (Form 1065, 1120, 1120S)  Starting at $1,850 (average range $1,850 to $5,000 for standalone business tax returns); first year clients may incur a setup-fee. Setup fees typically range between $250 to $1,500 depending on the quality of underlying financial records and data. 

Estate (Form 706)  Starting at $3,000 (average range is $3,000 to $6,000)

Trust (Form 1041)  Starting at $2,000 (average range $2,000 to $5,000)

Tax Exempt Organization (Form 990) Starting at $2,000 (average range $2,000 to $5,000)

Gift tax preparation

Gift (Form 709) Starting at $1,000 (average range is $1,000 to $2,000)

Financial Statement Services

Prepared Financial Statements (Non-attest service) Starting at $400 per month, this fee is in addition to any bookkeeping, accounting or clean-up services that is required and performed by our firm.  No assurance is provided for prepared statements.

Compiled Financial Statements (Compilation) Starting at $2,500 (average range $2,500 to $5,000).  Compiled financial statements will include a report letter from our firm. 

Reviewed Financial Statements (Review - higher level of assurance than Compilation)  Starting at $5,000 (range is  $5,000 to $12,500). Reviewed financial statements will include a report letter from our firm. 

Accounting & Advisory Services

Custom, tailored fee-structure, based on collaborative consultation between our firm and your organization. From basic bookkeeping up to and including fully-outsourced accounting service, planning and analysis as well as fractional CFO & Controllership resources.

Hourly Rates

Member CPAs:  $400 per hour

CPAs/MBAs/EAs:  $225 per hour - $375 per hour

Non-credentialed accounting, tax and financial staff:  $125 per hour - $200 per hour

Bookkeeping & Admin Services:  $75 per hour - $95 per hour

(as we said in the page introduction, 'there will always be a place for billable hours in our profession,' some engagements may require or lend themselves to per hour billing depending on the nature and scope of work)

Navigating accounting, tax advisory and financial service providers along with their prices and fee structures can be a daunting endeavor! Financial planners, accountants, CPAs, EAs, bankers, robo-advisors... the list is endless.  In this crowded space of advisors, we truly appreciate that you have chosen to entrust us with your care.

Although our fees are intended to be non-negotiable, we are happy to address any concerns you may have regarding our pricing. 

The fees on our "Fees & Pricing" page are set for the year ending October 15, 2025 (10/16/2024 through 10/15/2025).

Some clients may experience increased above our listed prices depending on the quality, organization and availability of requested and required information. 

If you have any questions, please do not hesitate to contact us at anytime at inquiry@andrews-cpa.com.