Business Finance and Loans
Cashflow Management
Top Tax Accounting Firms Near You
We'll bring you the best and affordable professionals for your project.
Please select a service from dropdown.
Please select a location from dropdown.
Compare proposals
Hire the right pro
Justin Fernandis
How much do accountants charge to complete tax return for a small business?
3 answer s
Top voted answer
Dionne Nancarrow, Owner at Top Class Accounts
Top 10% Taxation
test answer Matias
The price you're quoted for your small business tax return will vary due to a number of factors (e.g. are you a sole trader, partnership, trustee of a trust, or a company). Therefore it's important to take my advice as only a general guideline. But as a rule of thumb, you would expect most small accounting firms to prepare the annual tax return of a relatively straightforward company for about $1200 - $1500 + GST. If you go to a mid-size accounting firm the price will probably be about 50% dearer, and a large accounting firm typically charges double the above ballpark figures.
If you have multiple related entities, unusual circumstances (such as having received Government grants, charitable status), or have done a bad job of keeping your records, then the fees are likely to be higher. However, a good accountant should be able to give you a fairly good indication of what to expect, and will keep you updated along the way if it looks like there is going to be a cost over-run.
Hitesh Mohanlal, Director at WOW! Advisors & Business Accountants
It is actually a difficult question to answer. To a point I agree with Dionne but it really does depend on a lot of things. There is no magic formula. The type of business, the industry, the number of transactions, the quality of the bookkeeping. It also depends what you classify as small. A business with a turnover of $1m is small. So is one that generates $10,000. But the fee is likely to be very different. However, I also advise that the fee is only one part of the equation. The other side is the value you are getting. I rarely quote on just doing the return. We are always looking to make cost or tax savings for our client because there is value there. So if you received a quote for doing tax returns and one is $1,250 and the other is $2,500 on the face of it the $2,500 is much more expensive. But you might find that if you spend $2,500 they spend more time on your affairs and they might find you savings of $5,000. It then makes sense to spend the $2,500. At the end of the day it depends what you want too. Cheap fee or a service that gives value. My advise would be speak to a number of tax agents and see what they can offer and see if it is what you want
Lisa Ormenyessy, Business Coach and Marketing Specialist at Straight Talk Group
Top 10% Business Coaching
As a biz owner you should be able to view your accountant as an investment rather than a fee. Many accountants will give you a fixed price too. There is a great report talking about it on the link. Hope this helps, Cheers, Lisa.
http://accountantsadelaidesa.com.au/
Write an answer...
Are there tax advantages incorporating my company in Victoria?
What are the biggest tax mistakes small business owners make?
What are the tax deductions business owners most often overlook?
Your 2013 Small Business tax may be reduced by extra depreciation...
How to Buy an Existing Business: A Comprehensive Guide
How to Reduce Your End of Financial Year Stress
Do you need help with
Taxation ?
There are 51 Tax Accountants on standby
SavvySME® brings the best business ideas, tools and experts for small and medium-sized businesses. Whether you're in construction, retail, healthcare, hospitality or other industries, the marketplace connects your business to quality, local suppliers, product vendors and service companies. Founded in 2012, SavvySME® is headquartered in Sydney, Australia.
© 2020 SavvySME
Log in | SavvySME
Sign up with Google  Sign up with Linkedin  Sign up with Facebook  Sign up with Twitter
Still not a member?Sign up now.
Join thousands of like-minded business owners, entrepreneurs and influencers who share ideas and help each other build great businesses.
Sign in with credentials
Sign up | SavvySME
SavvySME community helps you to:
Buy and sell products and services
Compare brands and suppliers
Get expert advice 24x7
See what's trending in your industry
I accept SavvySME terms of use and privacy policy.
Are you a returning user? Sign in here