Question 1

How much does a CPA charge for a business tax return & Is hiring a tax accountant worth it?

Accepted Answer

Our tax return pricing starts at $750 for individual returns and $1,500 for business returns. This price includes questions throughout the year. Pricing may increase due to certain complexities such as multi-state filings, multiple businesses (Sch E/C), multiple shareholders (K1), and other factors. Tax planning starts at $250 per hour, and the number of hours per client varies by complexity, as noted above.Hiring an accountant is worth it if you feel like self preparing in the past has left you feeling unsure if you were maximizing deductions and/or implementing strategies to help reduce taxes. Accountants also help make sure you're compliant on everything under the umbrella of taxes that most clients aren't specialists in and need advisory on such as sales tax, payroll tax, franchise tax, business licensing, starting a new company, buying another company, selling your company, etc. We're a soundboard for you and your business.

Question 2

What is tax planning & tax advisory? Do you offer those services?

Accepted Answer

Tax planning includes reviewing prior years, forecasting the current year, and diving deep to understand your business, personal goals, retirement, etc., to build a strategic bridge to get there. Examples of strategies we look at in relation to your tax situation include: business structuring, compensation, retirement and benefits planning (HSA, FSA,  401K, SEP), home office versus Augusta Rule, accountable plans, cost segregation studies, dependent care, hiring children, real estate professional and short-term rental planning, tax loss harvesting, and more to reduce your tax burden. Our core service offersings include : small business return tax preparation and advisory, personal return tax preparation and advisory, real estate investor tax advisory, and high net worth tax advisory.

Question 3

What types of South Tampa businesses do you work with and specialize in?

Accepted Answer

We serve many business owners in South Tampa, such as chiropractors, attorneys, offices of physicians, medical device sales consultants, e-commerce businesses, food service and retail businesses, rental real estate businesses (Airbnb management companies and private portfolios), financial advisors and family offices, talent recruiting firms, mental health practitioner offices, nurse practitioner telehealth providers, etc. The few types of clients we do not serve because specialists better serve them are those in aviation, manufacturing, farming, day trading, crypto, international business, and a few select others. For those clients, we aim to help find a specialist who primarily works with businesses like theirs, so they're best served for all their tax needs.We work with clients all over the US from CA to NY, so not just Tampa but locally we have clients from Clearwater, Orlando, Tampa, St Pete, etc. So we have clients a little bit of everywhere.

Question 4

What happens during a tax audit with the IRS?

Accepted Answer

There's many types of audits but from experience, an audit usually goes something like this : something on your return (such as underrreported income, over reported expenses, etc.) triggers a manual review of your return (that means your return will be reviewed by a person). Upon that review, further inquiries are made based on the issue at hand.  A letter is sent to the taxpayer about the inquiry, with a deadline to respond with more information (objection to the missing income, receipts for the high expenses, etc.). The taxpayer must respond in that given window, otherwise the IRS will make their own adjustments and that includes adjustments to income tax, interest, and penalties. You'd be suprised how many clients do NOT respond to that initial letter and once that window is closed, the audit is closed and you'd have to petition a tax court later (sometimes not possible) to have it reopened. I never recommend ignoring an IRS Letter. If you have a letter about income that was missed in the original filing, you still need to respond to agree to the findings. If you have a letter about expenses that require receipts, you must send those into the auditor. Normally with expense audits, they pick a handful of buckets to request more information on (commonly travel, meals, auto/mileage, etc.).

Question 5

Do you offer free tax consultations for tax prep, planning & short-term rentals?

Accepted Answer

Yes! For new clients, we offer a 15 introductory call to review your questions and assess if we'd be a good fit for your needs. We do those calls over the phone so it's best to have all relevant information available prior to the call (prior year questions, current year questions, list of services you're looking for, etc.) so maximize how we can help you. An important note about us : we do all tax season and tax intake 100% remotely so we're not a good fit for clients who prefer in person services. We leverage onboarding software, digital signatures and zoom heavily to communicate with our clients and manage workflow.

TAX STRATEGY +
ADVISORY

ACCOUNTANT SERVING SOUTH TAMPA BUSINESS OWNERS + REAL ESTATE INVESTORS

2017

150+

30+

11+

FEATURED IN

SPECIALIZING IN REAL ESTATE
STRATEGIC TAX + ADVISORY PLANNING

Mark Kohler Main Street Certified Tax Advisor +
Enrolled Agent

Boutique South Tampa Real Estate
Tax Planning + Advisory Firm
Proactive, year-round tax guidance for building and protecting wealth.

CONTACT US TODAY!

Frequently Asked Questions

How much does a CPA charge for a business tax return & Is hiring a tax accountant worth it?

What is tax planning & tax advisory? Do you offer those services?

What types of South Tampa businesses do you work with and specialize in?

What happens during a tax audit with the IRS?

Do you offer free tax consultations for tax prep, planning & short-term rentals?

TAX STRATEGY + ADVISORY

ACCOUNTANT SERVING SOUTH TAMPA BUSINESS OWNERS + REAL ESTATE INVESTORS

2017

150+

30+

11+

FEATURED IN

SPECIALIZING IN REAL ESTATE STRATEGIC TAX + ADVISORY PLANNING

Mark Kohler Main Street Certified Tax Advisor + Enrolled Agent

Boutique South Tampa Real Estate Tax Planning + Advisory Firm Proactive, year-round tax guidance for building and protecting wealth.

CONTACT US TODAY!

Frequently Asked Questions

How much does a CPA charge for a business tax return & Is hiring a tax accountant worth it?

What is tax planning & tax advisory? Do you offer those services?

What types of South Tampa businesses do you work with and specialize in?

What happens during a tax audit with the IRS?

Do you offer free tax consultations for tax prep, planning & short-term rentals?

TAX STRATEGY +
ADVISORY

SPECIALIZING IN REAL ESTATE
STRATEGIC TAX + ADVISORY PLANNING

Mark Kohler Main Street Certified Tax Advisor +
Enrolled Agent

Boutique South Tampa Real Estate
Tax Planning + Advisory Firm
Proactive, year-round tax guidance for building and protecting wealth.