FEES
The fees charged by Nvisionit Financial Solutions vary for tax returns and tax planning according to the complexity of the tax preparation or income tax planning service. No, we are not a low-priced, mass-production “return mill.” For income tax preparation we charge by the form — the more forms involved in a tax return, the more complex the return, the more time and attention the taxpayer’s situation requires and the higher the fee. Generally, tax fees range from $129 to $529 depending on the forms. Income tax planning services are charged at an hourly rate — generally $95 per hour. Tax representation services for audits, appeals and collections (back taxes) are generally charged at an hourly rate of $145 with a minimum, retainer required of 3-to-5 hours. Additional hours are billed in advance in four-hour increments. Payment for any hours not used is refunded at the end of the engagement. For new clients, Nvisionit will review up to the three most recently filed federal and state income tax returns at no charge. In fact, for new clients we routinely ask to see at least the most recently filed federal and state returns. We will recommend preparation of an amended tax return if we can identify sufficient additional tax deductions to warrant the expense (or if we determine there was unreported income or other tax items required to be reported). Once we receive your filled-in tax data organizer, we can prepare an estimate of the fees for tax preparation based on the forms your tax preparation will require. You decide whether we proceed with your tax return preparation. In payment we accept checks, money orders, Visa, MasterCard or American Express
TAX PLANNING
Tax planning is an important component for your overall financial plan. Careful planning throughout the year can assist you in reducing the taxes you pay – as well as help you achieve your financial goals. Tax planning should not be done in isolation, but instead should be driven by your overall financial goals and integrated with your total financial plan. By developing and implementing appropriate strategies to lessen or shift current and future tax liabilities, you can improve your prospects of meeting long- and short-term objectives. For example, accurately projecting your income taxes can help you determine the cash flow available to you in the coming year. Keep in mind that tax laws are often complex and frequently change. As a consequence, you should consult your tax advisor before making investment and tax decisions.