I understand that. Lawyers charge by hours and if your know lawyers, their clocks move very fast and rates are very high.
Many big CPA firms also charge by hour and when I say by hour it is like $100 + (+ plus part vary a lot).
What you are saying has lots of depends and only way to dissect those depends is ask right questions to find out right CPA at appropriate cost for me. As I said most CPA will NOT refuse to do my taxes even if they never handled a tax return of S corp Trader.
Now Turbo Tax Live and expert for small business owner are listed as $200 and $280 respectively. I bought TurboTax CD for $65 from Costco. You can buy even cheaper from Amazon after April 15th (if you use extension). My bank gave me TT online for free. So tax preparation cost are all over the map.
I just don't want to pay $5000 for my taxes for lets say $100K income. I rather do my business as it is. Any tax saving I will have for entity formation will be eaten away by accountants!
Just curious, what would be appropriate "range" CPA compensation in a mid size USA city for a Trader Tax return?
Many CPA quotes something like minimum fees is like $500 or $1000. I just made this number up and no idea what are their fees for Trader.
