Tax Prep Fees|What to Charge as an Enrolled Agent/Tax Professional

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[@crystatyusea]

Let me help you learn, start and grow your Tax & Bookkeeping business: bit.ly/taxesbookkeeping Freebies! Marketing Masterclass: bit.ly/2019getclients Social Media Brand Training: bit.ly/freesocialbrandingclass

[@crystatyusea]

👍

[@karlaflores2839]

Crysta Tyus, EA Hi! I am trying to register to the class but doesnt let me .

[@1111_Millionaire]

Link is not working.

[@crystatyusea]

Hi,​@@1111_Millionaire! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@CreatorsExpress]

This is gold! I just found and ordered your book for enrolled agent university: individual income for 2024 My dad’s a cpa with a lot of work all year round. My sister was a cpa too but she passed. My dream was to work in the office with both of them, but I didn’t have my life together at the time. I still want to make them both proud.

[@MichaelP-ke1tm]

Outsourced Accounting is where the money is at. Package Bookeeping, Payroll, Tax Planning and Tax Preparation into a bundle of $1000 per month. $12,000/year from each business owner or 1099 person like a Realtor and all you need is 10-20 clients to make big money. It just comes down to if you know how to market yourself.

[@Loveorlie]

How would you find skilled people for cheap to outsource to?

[@DaveSincere]

I just found your channel and I love the videos. I am not a Tax Preparer or Accountant but the information you discuss can be applied across many businesses... THANK YOU.

[@MichaelP-ke1tm]

This is my 1st year as a Tax Preparer and Realtor. I'm 22 and just graduated in December with an Accounting degree. I'm charging pretty cheap prices but my real goal is to get clients in my office to build a rapport with them to help them with Real Estate in the future. I'm using tax preparation more as a marketing tool to connect with people to help them buy and sell real estate. I don't know if this is a good idea and will work but it's worth a shot. The failure rate for Realtors is 90% as in 90% quit within 5 years because they couldn't find clients and were not committed to putting in the work. Either way, if this fails, my goal is to become an outsourced Accountant and charge $12,000/year to business owners.

[@robtoyer6188]

I do the same...using tax prep as a marketing lead but then sell them a mortgage loan.

[@barrysaccountingservicesco1913]

We provide fee assist plus we accept credit cards. Hence, we do not have A/R and bad debts.

[@MayraSalgado-el9up]

Girl your the best !!! Looking forward to learning more with you....

[@kimberlynhughes3658]

A major tax prep company said that you are no longer allowed to charge for the EITC form. (For 2021) of this true, I think you can’t tell customers that you are breaking it down in this way. I thought they said this is from the IRS, I’m uncertain, so I’d suggest checking on the IRS WEBSITE.

[@breannplunk5464]

I have just applied for my EFIN and you have given me the best info to really fill in a more successful business plan/structure. Thank you! I need to find my niche now...

[@NoelLorenzanaCPA]

Good information Crysta... love your videos!

[@coreygoree1256]

There was a time when I prepared a tax return for a Car Sales Manager. He told me before I came to him that his CPA charged him 2000.00 to get back 1000.00 I charged him 750.00 and got him back 10,000.00 he didnt even wanna cash the check. I did a schedule c for him.... I asked him does he drive place to place to meet big clients. (Him) all the time... (mileage) does your suite go to the laundry or cleaners... (him) cleaners..... ok laundry bill.... (how many kids) him.... 1 if I remember correctly. And he was married.... he couldn't believe it. I told him that he want to keep track of his miles by using Mile IQ or TaxBot and himself a business bank acct and DBA

[@crystatyusea]

👍

[@Penny3131977]

I’m just starting to plan to do taxes as a business. I’ve been helping people that I know saving them thousands of dollars for free. My focus has been individual income taxes but I want to learn about small business.

[@crystatyusea]

Great! you are definitely on the right track we have a program called Advanced Business Tax Training you can check it out here: bit.ly/taxesbookkeeping

[@MichaelP-ke1tm]

1:25 It's kind of true though. If you don't have a CPA or EA license, you shouldn't be charging EA level prices. I currently only charge $200 for Schedule C business returns but once I get my EA license in the summer, I'm going to bump it up to at least $300 if not $400. It's about supply and demand. You can charge $500 from the start but you'll have very few clients. Once you have a huge database of clients, you 2-3x the prices to meet demand and filter out people who don't want to pay.

[@micromibrows5774]

When is the best time to start marketing for the new tax season

[@mastermanifestyourdestiny2407]

I am a tax preparer and I have struggled with getting paid from tax clients whose return is not getting funded. How can I decipher if they need to be charged up front or not? I’ve lost money from client and not regained it. I appreciate your help

[@corderoyaya]

Before I do a return I call the IRS Refund Offset #1800-304-3107, its an option

[@crystatyusea]

Thank you, yashira cordero I agree with your response.

[@saqueradry3629]

My tax lady and her husband charge up front before you even file or they won’t submit your filing period

[@wisewoman8188]

Best thing to do is charge fees upfront

[@jennifermitchell407]

How do you figure out how much you saved the clients, before telling them how much you have saved them?

[@joehendrickscasinoman7849]

Wow fell in love with you..Awesome vids..Im 60 and looking for a way to get some serious extra retirement money..looking forward to joining you..

[@crystatyusea]

Hello Joseph, Here we specialize in helping tax and bookkeeping professionals grow their virtual offices to 6-figure firms by teaching them how to define their niche and perfect their marketing on social media platforms (such as Facebook, LinkedIn, and Instagram). I do this by providing course work that will help them do any of the following: *Study for all three parts of the EA exam *Teach the fundamentals of Bookkeeping *Understand the basis of Tax law Not only do we provide course work and sample test and exams we also provide: *mentorship *and a private community of professionals that are on the same course as those who sign up. Feel free to check out all courses here: bit.ly/taxesbookkeeping Thanks, NaTasha Rogers CSR & Social Media Manager

[@Lady-br3zy]

@@crystatyusea The link did not work

[@filirojas]

Saludos Crysta from Tecate, México.

[@mrs.howell1905]

Hi. Thank you soooooo much for these videos

[@sanganiraju7837]

Hi, thank you for your videos. These are really helpful to me.

[@hemrlbhandara3082]

India ?

[@sanganiraju7837]

@@hemrlbhandara3082 yes I am from India

[@norinemoore7737]

Thank You!

[@Sadboy80629]

Thanks !

[@kibergetaye9944]

Thank you for doing this video for us, it is very informative. I got my EFIN but what should I do to get ETIN?? Thank you!

[@crystatyusea]

Hello, I am assuming that you have your PTIN. In order to get your EFIN you have to go to the IRS and there are three steps to obtaining your EFIN. Just click the link below: www.irs.gov/e-file-providers/become-an-authorized-e-file-provider

[@davidmcguire8093]

Great information. Thank you.

[@crystatyusea]

Thank you for your support and your welcome.

[@805Dak]

Hi Crysta great content, I was wondering if I could get your thoughts on "The Income Tax School" and does it look good to have the CTP certifaction? Thanks :)

[@crystatyusea]

..

[@miracleworkinggod6684]

You are great!

[@johnmurray3277]

Great info

[@vr_rosemarytax]

In order to phrase the juxtaposition to the client, the return would have to be complete with accuracy. How do you handle this? What if they don't agree with the set per-form fee after? Whereas a flat fee is not disputable?

[@crystatyusea]

Hi! Would you please send us an email at [e-mail] so we can help you better? - Customer Support Team

[@monawoods707]

Hey crysta ! Are you still doing the tax class?

[@crystatyusea]

Hey and Absolutely! You can sign up for any of my course here: bit.ly/taxesbookkeeping

[@coreygoree1256]

1040 150.00 W2. 50.00 Schedule c 350.00

[@crystatyusea]

👍

[@EshhhaBenjamite]

Yes sir. 💯

[@smerainstyle]

I would like to start my tax preparation and bookkeeping business but I am confused how to get clients and how much to charge clients as most of the people I know is IT Guys and they mostly use Tubo Tax to file taxes each year and I if need sone guidance is it possible to connect with you? If so how?

[@tonikawyckoff8781]

What school or class I can take to a specific niche I have in mind. I am newbie I have my Ptin and Efin and business license . I have been trained in personal taxes and Bookkeeping. Launching soon !! I want to pusue the EA and a specific niche. Thanks

[@MayraSalgado-el9up]

Ms.Purple I so love u

[@jaetv9563]

is it hard to venture off on your own

[@mreugenelee5166]

I have a question. I want to be a Tax preparer but i'm on ssdi. Can i still become one? i'm loolking for a side hustle but i'm not sure how will it effect me with ssdi?

[@estherrosa317]

Can you still use that book to study the 2019-2020 EA Exam?

[@crystatyusea]

Great question! No, you want to make sure you get the updated Passkey book from Amazon or you can join my Enrolled Agent Study Accelerator and get study guides and exams for all three parts along with coaching. Here's the link to check it out. bit.ly/taxesbookkeeping

[@MrJoDiJo]

What would your advice me on choosing self employment/independent contractor? More so in the beauty industry, is that a good niche or do I need to be a little more seasoned before taking them on ?

[@crystatyusea]

Hi, JoBronxx! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@AshTheEntrepreneur]

Have you ever used TaySlayer?

[@jaronwaldrip965]

Hi Crysta. What are your thoughts on use of keystone tax solutions tax online software for someone just starting out in the industry?

[@crystatyusea]

Unfortunately I have never heard of that software. The software that use is MyTaxPrep Office Online. It is new user friendly feel free to join here: bit.ly/crystasoftware for a 25% discount use promo code: CRYSTA

[@mrsyellowhawk5]

Keystone is Awesome!!!

[@pappooyartungnaker6321]

How can i start bookkeeping /tax business. I have completed MBA Recently. i applied for PTIN and i am about to appear for EA Exam. Can you please reply me

[@dorismunguia1263]

How do you determine the fee for each form?

[@TomlynAdvisors]

You may want to pro-rate the time for each form . . . based on time and experience to prepare.

[@crystatyusea]

Hi, Doris! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@evelynwidodo4116]

hello Crysta, I understand that you're doing virtual bookkeeping and tax. Do you prepare tax for individual or business? And do you only prepare tax for your state or you do it all nations?

[@crystatyusea]

Hi, Evelyn! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@shakeyaware442]

Hey Crysta, I have a quick question, do you give your client a quote on their tax fee first or at the end before you file tally it up?

[@crystatyusea]

Hello, Great Question! I tell them after unless the ask up front and then I give them a estimate.

[@qiarajohnson4994]

What resource are you or anyone here using to compare tax prep fees to tax savings? Although my clients are satisfied, I'd like to enhance my services to provide tangible support of the tax savings my expertise provides. Thanks you!

[@crystatyusea]

Hi, Qiara! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@hemrlbhandara3082]

which office management software you use to collect client documents

[@crystatyusea]

Hi, HEMRL BHANDARA! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@ericwilson2632]

O WoW I am a guy and this woman is smarter than me😬😫😍 Thanks for such great information..

[@MayraSalgado-el9up]

Heyyyyy sayy name 💜

[@chenelleparks2741]

Can we get a price list? lol

[@ibukunanthony8776]

Hello Crysta, you mentioned telling your client how much you saved them each time. how do you determine how much you save your client? what do you compare the tax return to?

[@crystatyusea]

You could compare it to last years prior taxes.

[@mbtax7389]

Which client management software you use. CRM ?

[@crystatyusea]

Hi, MB TAX! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@yvettequintana9027]

do you use my tax prep office or crosslinks? have you used both?

[@crystatyusea]

Hi, Yvette Quintana! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@boxingsifu]

Ms. Crysta, I have a special situation once I officially get certified as an EA so I would like to schedule a consultation call with you to talk about this. Do we schedule these through your website?

[@crystatyusea]

Hi, Lyrical Value! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@kaneshanewkirk6273]

Hi crysta I’m trying to click the links but non of them is working... are you still doing the classes?

[@crystatyusea]

Hi, Kanesha Newkirk! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@funtimescollection123]

Is cross links part of My Tax Prep Office?

[@crystatyusea]

No

[@ms.london3168]

Can someone file taxes for their LLC separately from their W2

[@crystatyusea]

Great question, If you are a Sole Proprietor LLC you would file a Schedule C. If you would like to no more about tax law you should check out my course Tax Preparation and Tax Law. Join by clicking the link below: bit.ly/taxesbookkeeping

[@BizBoostideas]

Thanks Crysta. Very informative. Thanks. Are you in west coast or east coast? I would love to join your accountability call....:) I took taxation class at Stanford and have PTIN and EFIN done.

[@crystatyusea]

Hi, Lily! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@crystalb6428]

I am loosing a lot of money with my charging strategy

[@crystatyusea]

Hi, C&J GOALS! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@mountmeron267]

Thank you🌹🌹⭐🌹⭐🎁👗👗👗

[@stephaniewoods934]

My per item fees are already set... should I leave them or set my own

[@crystatyusea]

Hi, Stephanie! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@TheChocolate_Roze]

Is Crosslinks affiliated with Utax software ?

[@crystatyusea]

No it is not, I recommend My Tax Prep Office Online. You can sign up and join for $595 here: bit.ly/crystasoftware Promo Code: CRYSTA

[@mcdonaldtaxconsulting809]

I use Utax. Crosslink is the engine. Utax is the brand.

[@brendalee274]

I have just a job, no business, no itemization, no dependents, none of that . I live in Ga. I have only one w2. She is charging me 722.00 . My refund is 1585 bt after her charge im only getting bk 823.00. Can u tell me wy she is charging me this much? She works fr home.

[@niyonzimajulius9617]

That ch is too much

[@ASB_Gaming_Shorts]

That is too much

[@crystatyusea]

Hi, Brenda! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@jacquelinebaptiste4614]

Is there a link for the 2019 tax prep course?

[@crystatyusea]

Yes, you can buy some tax prep books from Amazon. when you go Amazon just search tax prep course material or you can sign up for my tax prep course here: bit.ly/taxesbookkeeping

[@krctaxandbusinesssvcs6326]

Did you find tax prep course yet?

[@jacquelinebaptiste4614]

@@krctaxandbusinesssvcs6326 Yes, I'm using Drake.

[@kristinabaily594]

If a business client doesn’t have P&L and Balance Sheet but has 12 months bank statement how much should you charge to prepare returns ?

[@MichaelP-ke1tm]

Why do you need a balance sheet unless it's an S-Corp??? You just need them to have income and expenses on quickbooks or an excel sheet. I wouldn't deal with the bank statement garbage but I think there's a software to convert bank statements into excel

[@kristinabaily594]

Patrick maybe you didn’t understand the question. I didn’t say how to prepare??? I said how much? Many business owners don’t keep their books during tax season they just have statements and receipts. I wouldn’t turn the client away because that is potentially a bookkeeping client in addition to taxes. I was interested to know how much Crysta would charge in this instance. Also why would you assume business returns would exclude s corps ??

[@MichaelP-ke1tm]

@@kristinabaily594 How do you convert bank statements into easily digestible information??

[@JKL_04]

Kristina Baily I would say to base the price off of how many transactions you’re having to enter.

[@crystatyusea]

Hi, Kristina! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@anaosyguss3799]

I work for a company and my employer applied for my ptin. If i want to start my own business do I have to apply for a new ptin?

[@maichareads8986]

Yes

[@crystatyusea]

Hi, Ana! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.

[@SignatureFaces]

I charge 10% of the total return Federal and state. If they received 5000 fed and 1000 state my fee is 600.

[@jaaziel9]

Apparently, you do not do bank products! Also, if they are getting nothing back, you charges them nothing? The problem with your charges is: Your charges can not be based on the amount of the taxpayer's refund, but instead on the work that you do. If you are doing the same amount of work for two clients, the charges should be the same (regardless of the amount they are getting back) in order for you to support your fees in case of an audit.. Per IRS Circular 230, a tax preparer must be consistent in their charges and charge each client the same amount for the same amount of work performed, and post a fee schedule in their office of fees charged. Best Practice is to use either hourly rate, or the per form rate.

[@lynnellechappell3337]

Fees based on the return $ are ILLEGAL #Ethics

[@ASB_Gaming_Shorts]

Cynthia Salawe ,if two client are friends,they come together,same situation,one client refund is $6000,you charged 600, the other client only get refund $1000 or less,how much you charge?

[@zaidasantiago3125]

Love your videos, please contact me to talk about hour classes. Thank you

[@crystatyusea]

Hi, Zelda! Kindly send us an email at [e-mail] for any questions so that we can answer them for you.