02/25/2025
This was posted by a colleague of mine, but it’s true for almost all tax practices, including mine. Thanks Ken Mann.
Understanding the Cost of Your Tax Return
Our industry requirements have been rapidly changing over the past several years, and with these changes come additional investments that help us serve you better. These enhanced measures are reflected in the cost for us to prepare your tax return.
* Increased Compliance: We are required to perform extensive due diligence to ensure every return meets the highest standards of accuracy and regulatory compliance.
* Enhanced Security & Protection: To safeguard your sensitive information (PII - Personally Identifiable Information), we have to produce and maintain an IRS WISP (Written Information Security Plan), as well as cyber insurance, errors & omissions insurance, and other necessary policies.
* Ongoing Technological Upgrades: Every year, we invest in new, expensive software, secure client portals, and state-of-the-art office equipment to keep pace with industry innovations and security best practices.
* Supportive Infrastructure: Our dedicated staff, along with professional services, manage growing workloads to provide you with thorough and timely service.
* Continuous Professional Development: To maintain our expertise and keep up with ever-changing tax laws, our team takes many (20 or more) hours of continuing education each year.
Each of these factors plays a crucial role in delivering the high-quality, secure service you deserve. Thank you for understanding that these investments are essential to maintaining our standards and protecting your interests.
