4 ms·
I'm in the Midwest USA, I work a 9-5 day job (W2) and brought in $45k in side income freelancing (1099) last year, with a few grand in expenses. I own a house (
by marpstar 12y ago
I'm in the Midwest USA, I work a 9-5 day job (W2) and brought in $45k in side income freelancing (1099) last year, with a few grand in expenses. I own a house (home office deduction, mortgage interest, etc) and have two kids (deductions), trade stocks for fun (dividends, capital gains/losses). I paid my brother $5k as a subcontractor on a project.
Admittedly, as a sole proprietor my taxes are simpler than many business owners' taxes would be, but their considerably more complicated than the average Joe's. My accountant charged me $135 to handle everything for me. He's been doing business with my family for years, but I'm more than happy to pay him and he seems to do a pretty good job of finding me deductions.
Is this uncommon? Are reputable tax accountants that hard to find, or are they really that expensive? I can't think of a reason I'd buy TurboTax or anything else when I can have someone with 30+ years experience taking care of it for me...
- adventured 12y agoI would have expected closer to $250 to $300 from a decent accountant for your tax work. $135 is a pretty good price, if we're talking, say, two hours of total billing time. I think it's very easy to find good tax accountants, it just becomes a pricing matter. I think you're getting a great deal and I'd absolutely stick with your accountant.