How Much Does It Really Cost to Have a CPA Do Your Taxes?
Filing taxes can be a nightmare, but the right Certified Public Accountant (CPA) can make the process seamless while helping you maximize deductions and avoid IRS issues. The big question is: how much does a CPA cost to do taxes?
The average cost of tax preparation by a CPA depends on factors like return complexity, business income, deductions, and location. A simple tax return might cost a couple of hundred dollars, while corporate tax filings could reach over a thousand. But instead of guessing, why not get a customized quote from Simplicity Financial?
We offer remote tax preparation services, helping individuals and businesses get expert CPA assistance without the hassle of in-person meetings. Get a quote today and let us handle your taxes with precision.
CPA Tax Preparation Costs: What to Expect
According to the National Society of Accountants’ Income and Fees Survey, the average cost of tax preparation by a CPA in the U.S. is:
- $220 for a basic Form 1040 (no itemized deductions)
- $323 for an itemized Form 1040 (Schedule A)
- $903 for a Form 1120 (corporate tax return)
The IRS estimates that individual taxpayers spend an average of 13 hours preparing and filing their tax returns, with an associated cost of $290. This figure encompasses activities such as recordkeeping, tax planning, form completion, and submission. For self-employed individuals, the time investment can be even more substantial due to the added complexities of business income and expenses.
By enlisting the services of a Certified Public Accountant (CPA), taxpayers can often reduce this time burden and ensure accuracy in their filings.
Instead of struggling through complex tax forms, contact Simplicity Financial for an affordable CPA tax preparation quote that fits your needs.
Factors That Affect CPA Tax Preparation Fees
1. The Complexity of Your Tax Return
The cost for CPA tax preparation increases with complexity. It’s always best to get a personalized quote if you’d like to know a more precise estimate for your situation. Here’s a rough estimate based on common tax situations:
| Tax Return Type | Estimated CPA Fee |
| Basic individual tax return (Form 1040) | $220 – $300 |
| Itemized individual return (Schedule A) | $323 – $500 |
| Self-employed return (Schedule C) | $515 – $1,200 |
| Rental property return (Schedule E) | $350 – $800 |
| Small business return (Form 1120, 1065) | $800 – $2,500+ |
| State tax return | $50 – $200 |
2. Geographic Location and Remote CPA Services
CPAs in major metro areas tend to charge more than those in smaller cities. However, remote tax preparation services provide an affordable alternative, letting you work with expert CPAs anywhere.
With Simplicity Financial, you get professional CPA tax preparation fees without the high cost of in-person firms.
3. Business vs. Personal Tax Preparation
Business tax returns involve more complex deductions, payroll considerations, and compliance regulations, so CPA charges for tax preparation are higher for business owners.
- Personal Tax Return: Starts at $220 – $500
- Small Business Tax Return: Typically $800 – $2,500+
- S-Corporation (Form 1120S): $900 – $3,500+
Running a business? Outsource your bookkeeping to us to simplify Riverside sales tax (or other sales tax if you’re not local) and reduce CPA fees.
Why Hiring a CPA is Smarter Than Using Tax Software
Some taxpayers opt for DIY tax software instead of professional services, but CPAs provide much more value.
1. Maximize Deductions and Reduce Errors
Software follows basic templates, but a CPA can identify tax savings you might overlook. CPAs also help you stay IRS-compliant and reduce your risk of audits. (Read more about the differences between audit vs tax accounting if you’d like to understand how CPA’s operate a little better!)
2. Support for Business Owners and Investors
If you’re a freelancer, real estate investor, or business owner, a CPA ensures you get every deduction possible while staying compliant with California franchise payment guidelines and corporate tax regulations.
3. IRS Representation and Year-Round Tax Planning
If you get audited, a CPA can represent you before the IRS—something tax software won’t do. Plus, a CPA helps with year-round tax planning, not just annual filing.
Need expert tax guidance? Our fractional CFO services help businesses with strategic tax planning and financial oversight.
How to Reduce Your CPA Tax Preparation Fees
While professional tax services are an investment, there are ways to cut costs without sacrificing quality:
1. Stay Organized
CPAs charge by the hour for disorganized records. Use bookkeeping services like ours to keep tax documents in order.
2. File Early
Many CPAs charge rush fees for last-minute filings. Getting your documents in early saves money.
3. Bundle Services
Some CPAs offer discounts when you combine tax preparation with bookkeeping or CFO advisory services.
Want a customized tax prep plan? Get a personalized quote today!
Get a Quote for CPA Tax Preparation at Simplicity Financial
Understanding the average cost of tax preparation by a CPA helps you make smart financial decisions. Whether you need personal tax prep or business tax services, Simplicity Financial is here to help.
📞 Call us or contact us online for a customized tax preparation quote today!
Frequently Asked Questions About CPA Tax Preparation
What is the average cost of tax preparation by a CPA?
The average CPA tax preparation fees range from $220 for a basic return to $2,500+ for business tax filings, based on data from the National Society of Accountants.
How much does a CPA charge to do taxes for a small business?
A small business tax return (Form 1120, 1065) typically costs $800 – $2,500, depending on complexity.
Are CPA tax preparation fees tax-deductible?
Yes! If you’re self-employed or own a business, CPA fees can be deducted as a business expense.
How do I find an affordable CPA for taxes?
To keep costs low, look for remote CPA tax prep services like Simplicity Financial that offer customized pricing.
How do I get a quote for CPA tax preparation?
Contact Simplicity Financial to receive a personalized quote for your tax filing needs.
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Please consult a CPA for personalized guidance.
