3. What are the typical fees for accounting and tax preparation services?

The fees for accounting and tax preparation services vary depending on the complexity of your case, the experience level of the professional, and the geographical location. For simple tax returns, you may pay around $100 to $200. For more complex returns, business tax preparation, or ongoing accounting services, the fees can range from a few hundred dollars to several thousand dollars.

It’s important to discuss fees upfront with potential accountants or tax preparers to avoid surprises. They should be able to provide you with a clear estimate based on the scope of work required.