how much do you guys pay for your returns assuming you have a fair few ips?
our regular accountant who does a good job has a flat fee of $800 for a tax return that is self employed ABN with 2 IPs, (they also advertise $800 flat fee for as many ips as you want)
the customer in question has 25 ips, naturally, they dont expect it to to be a flat $800 as that would be taking advantage of a generous offer, but theyve turned around and said $250 per property additional, so they want close to $7k for a return which is a joke,. Ive done tax returns myself before and if they are standard resi Ips with no renovations or dep scehdule, its a matter of plugging in like 3 numbers (total rent, expenses, + another) and is literally a 30 second job. so its taking advantage of the customer
I know (not very well) of people who have 10-20 IPS and their returns are less then $1000 per year
what sort of costs is everyone here doing?
our regular accountant who does a good job has a flat fee of $800 for a tax return that is self employed ABN with 2 IPs, (they also advertise $800 flat fee for as many ips as you want)
the customer in question has 25 ips, naturally, they dont expect it to to be a flat $800 as that would be taking advantage of a generous offer, but theyve turned around and said $250 per property additional, so they want close to $7k for a return which is a joke,. Ive done tax returns myself before and if they are standard resi Ips with no renovations or dep scehdule, its a matter of plugging in like 3 numbers (total rent, expenses, + another) and is literally a 30 second job. so its taking advantage of the customer
I know (not very well) of people who have 10-20 IPS and their returns are less then $1000 per year
what sort of costs is everyone here doing?