Frequently Asked Questions

Bookkeeping

How much does The Tax Place's service cost?

We make bookkeeping easy and affordable. Our Starter plan is just $229/month.

What's included in the monthly price?

The price for the Starter plan includes monthly bookkeeping services and financial reporting.  Our Growth and Premium plans include everything in the Starter plan plus full-service payroll & sales tax reporting.

What's not included in the price?

The price doesn't include assistance with IRS notices, insurance, or workers’ compensation audits, issuance and filing of 1099’s, nor business or personal tax returns. These services are offered at an additional fee.

Does The Tax Place have a setup fee?

Yes, there is a one-time Onboarding fee of $150. This fee goes toward the preparation of your general ledger, a review of expense accounts, and the setup of your secure web portal.

Tax Prep

Does The Tax Place offer tax prep?

Yes, our business tax returns start at $600 and increase with the level of complexity.  We also offer tax prep for your personal tax return for an additional charge.

Can you help me save money on my tax return?

Absolutely, we can help. We get a kick out of helping people save money!  We will review the structure of your business entity to ensure you are maximizing every method of tax savings

Is my home office tax-deductible?

The IRS says that the home office is going to qualify for a deduction when you make it an ADMINISTRATIVE office for your business and conduct the majority of your admin work from home.

How about my children? Can I hire them?

Any individual in the United States can earn up to $12,000 of income and not pay federal income tax on those earnings. If you're hiring a child who is under the age of 18 and that child doesn't have any other job, and you pay this child up to $12,000, you can take that as a write-off. Your child doesn't have to pay taxes on $12,000 of income earned from your S-Corp.

Full-Service Payroll

Do I get charged a fee each time I run payroll?

No. You are charged the base monthly price no matter how many times a month you run payroll.

Does The Tax Place charge for direct deposit?

No, we offer free direct deposit! There’s no additional software charge for providing standard or expedited direct deposit to your employees.

What types of tax fining and deposits do you handle?

We will collect, file and deposit federal, state, and most local taxes, in the USA.