A Flat-Fee Option for Those Lighter Tax Years
Maximizing cash flow is always the goal. Some years need just maintenance, not extensive planning. Keep it simple, effective, and stress-free.
Flat fee
If you engage us for Lite Tax Preparation, and as we prepare your return and find you do not meet the qualifications for the Lite service, we will discuss next steps with you. The $2,500 is for the federal return filing.
There will also be an additional charge of $250 per state we need to file.
What are the qualifications?
Sometimes the year after a good tax planning year may not need extensive or aggressive tax planning because the existing tax strategy is playing out over the year. Or you may have a tax filing need that is very basic and straightforward, not requiring detailed tax planning and strategizing. In cases like these, availing the Lite Tax Preparation package saves you unnecessary expense, and us, planning and preparation time.
Doing extensive planning and preparation on your tax return does not make it a ‘Lite’ service! To ensure that a light tax planning year is not being overserved, or that a detailed tax preparation year is not being underserved, we have a set of parameters to categorize your tax preparation so that it gets exactly the amount of work it really needs.
For individuals, this means income primarily from W-2s, 1099s, up to 2 K-1s, and a maximum of 2 rental properties. and tax planning that is straightforward, not involving complex strategies. For businesses, it’s a year without major strategies, limited to $500,000 in assets and revenue. This service is ideal for years when no extensive tax planning is required.
Don’t worry. If you happen to opt for Lite Tax Preparation package, but as we go through your file, we realize that it needs much more detailed or extensive work, we will contact you to discuss the options and next steps. That way you will be aware of all possible solutions and their outcomes, so you are making an informed decision on your tax preparation, knowing all benefits and risks. If a more comprehensive service is needed, we’ll guide you on upgrading to the best service level for your needs.
No. We are committed to high-quality service and our staff are both highly-trained as well as experienced. The caveat is that the Lite Tax Preparation package involves fewer quality control checks, which makes it suitable only for straightforward, low-complexity returns. For years with potential complexities, aggressive strategies, or high-value transactions, we recommend opting for our Premium Tax Preparation package to minimize the risk of missed details and maximize the effectiveness of your tax preparation.
The Tax Preparation Lite package is designed for simpler 'maintenance' tax years and involves one level of review, fewer quality control checks, and quicker delivery. This streamlined process reduces the preparation time and cost while still ensuring accuracy for uncomplicated returns. For more complex tax years, our Premium Tax Preparation package offers more in-depth planning, multiple review layers, and a broader scope for tax strategies.
Tax mitigation, not evasion.
