A lot of big firms are pushing out or raising prices on small businesses & smaller individual returns. They are now charging $1,0000 to $2,000 for very straightforward returns. We have great options for you… 365 Tax Strategy!
How to pick the best CPA or tax preparer for you in Fort Collins or Northern Colorado? There are three key drivers you should consider when picking someone to do your tax returns.
- Cost
- Scope of work
- Specialty
Cost
Most of tax preparation today is done by software & 80%+ of returns take the standard deduction. If you have organized and straightforward returns, do you really need to be paying $800 or more to get your taxes filed? Probably not.
Filing your taxes in the right way is important. It’ll keep you compliant and ensure that you’re up-to-date as years go by. However, if you’re paying for a premium service, then your tax professional should do tax planning in addition to tax preparation.
Tax preparation is simply filing your returns and making sure you have the right numbers in the right boxes. Tax planning is looking at your whole picture and figuring out what tax moves you can make to help save on taxes not only this year, but in the future too.
Taxes will be your #1 expense over the course of your lifetime. Are you proactively planning to limit that expense?
Scope of Work- What do you need?
What are you getting in exchange for the fee you’re paying for your tax preparation? Are you simply getting your forms filed and taxes done? What about bookkeeping and payroll? But there’s more than that if you want to save on taxes.
The professional you work with should understand your income from the years before and what you expect your income to be in the future. From there, they can decide on what strategies make sense.
Should you consider a Roth conversion? Are you maximizing your Qualified Business Income Deduction? Is there a retirement plan strategy that could help you this year? Should you save to your Roth 401(k) or Pre-Tax 401(k)?
We charge lower costs and focus in areas we are efficient at.
Our services include:
- Tax preparation
- Tax planning
- Tax diversification review
- No bookkeeping or payroll services – we have referrals
Speciality
Who does your tax professional like to work with? Will they work with anyone who comes through the door or is there a specific group of people that they give massive value to?
We add massive value for a couple groups of people.
- Solo Business Owners – single member businesses without any fulltime W-2 employees (other than their spouse). Massive opportunity for Roth assets.
- 1099 Contractors – Massive opportunity for Roth assets.
- Small business owners – Massive opportunity for Roth assets.
- High Income Earning Individuals – high earning W-2 employees and people with equity compensation like stock options
- Pre- Retirees & Retirees – people within 5 to 10 years of retirement or people that are actually retired – what is your Roth conversion strategy?
Best Tax Preparers in Fort Collins and Northern Colorado Area (random order) How do you Pick?
- Obviously, we think 365 Tax Strategy is a great fit & can add massive value for small businesses owners, 1099 contractors, high income individuals, pre-retirees & retirees. We love helping clients lower their lifetime taxes and increase Roth assets.
- Eger CPA: work with small business owners, fees range from $1,280/yr to $2,260/yr. Full suite of tools
- Eads & Associates: small business owners, quick books, bookkeeping, individual returns start at $975 and business returns start at $1,975
- Dark Horse CPAs: individuals, small businesses, book keeping and accounting, returns start at $1,752
- NoCo CPA’s: small businesses and individuals, bookkeeping, financial statements
- Auer CPA: outsourced CFO, commercial construction, individual tax prep
- Wedel & Associates, CPAs, PC: works with individuals and businesses, estate planning, quickbooks, fees vary
- Soukup Bush & Associates: for complicated tax returns, individuals, businesses
- Flaming & Associates CPAs: small businesses & individuals, fees vary
- RLR LLP: serve individuals and businesses, quick books, payroll, business valuation
- Unify CPA’s: small businesses, wealth management, employee benefits, payroll, tax preparation
- Brock and Company CPAs Fort Collins: large firm, multiple locations, many specialties, fees vary
- Plante Moran Fort Collins: national corporation, fees vary
- Eide Bailly LLP: large firm, multiple locations, many specialties, fees vary
- BDO Greeley: large firm, multiple locations, many specialties, fees vary
- O’Dell & Company
- National firms: H&R Block, Jackson Hewitt, Liberty Tax, TurboTax