Accounting News

Friday, August 5, 2011
Tax Preparation Costs Stable

The National Society of Accountants of has released the results of a survey of 8,000 tax preparers across the country. According to the survey the average cost of and individual tax return for 2010 was $233. The average cost to file a return without deductions was $128. This represents a 1.7% increase and 0.8% decrease respectively. Obviously not a significant change for accountants. The fees for tax preparation represented almost 60% of the revenue for the average accountant.

The most common type of practice is a sole proprietorship (35%). An average they have a net income of $85,000.

If you want to order the full survey visit the NSA.