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How much does small business accounting cost?

Hiring a pro does cost money but it might be more affordable than you think and save you money in the long run.

Why hire an accountant?

You aren't a trained accountant. We know that everyone is learning everything online. But the experience and training really come in handy when dealing with your money. Also there are laws surrounding your money when you start a business. Those are laws you'll want to be in compliance with but you might not even know about. Secretary of state, what?

Hiring an accountant is especially important if you have employees. There are taxes that you may not be aware of. However, even if you are a one man show there may be deductions or other things you are unaware of.

Okay, How much is it going to cost me?

It really depends. It depends on how many services you need, are you hiring employees are you a larger company, etc. Also are you hiring an accountant or a CPA?

A CPA may charge $150-250 per hour vs an accountant who may charge $30-50 per hour. So it's important to know the difference and determine whether you need a CPA or an accountant.

If you meet with an accountant for a consultation and realize you can't afford to hire them fulltime you may still want to hire them for a few hours now and then. It's a good idea to have an expert look over your books or help you with your accounting software.

Okay, How much is it to work with RITBSINC ?

For accounting services we charge by month rather than by hour. And when you've been with us for over 6 months you get free tax preparation.

The Essentials// $200-$400 a month

  • Accounting software setup

  • Bank Reconciliation

  • Financial Statements

  • Full Charge Bookkeeping Services

The Standard// $400-$500 a month

  • everything included in the first package

  • Bank and credit card reconciliation

  • Budgeting and cash flowing

  • EFTPS set up / Payroll processing

  • Determining asset depreciation

  • Federal and State reporting

  • Estimated tax consultation

  • License renewals

  • State sales tax filings

The Premium// $500-$1,100 a month

  • everything included in the first two packages

  • Financial health

  • Payroll processing set up

  • Payroll tax preparation and filing

  • Small Business set up

  • Tax planning and compliance

  • Year end reporting: W2’s, 1099’s etc.

Our prices are flexible and tailored to you. You'll want to call or make an appointment for a free consultation.

This blog post is not a substitute for legal or financial advice and is not liable for any misinformation that may have been provided.


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