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7 Replies Last post: Nov 21, 2008 10:12 PM by Elite1

Help Determining a CPA - Provision

Nov 3, 2008 9:30 PM

Click to view WinTek08's profile Professional WinTek08 4 posts since
Nov 2, 2008
I have been speaking with Provision in regards to filing my business taxes (LLC, single Member, Computer Consulting business) and they had asked me to put a $1500 retainer as an initial deposit fee. This is my very first time seeking for a CPA and filing my business taxes for Year 2008. Does anyone know the average cost to get a CPA to file for a 1040 Schedule C form, generally speaking?

Does anyone have Provision as their CPA? I'm trying to determine which CPA should I go with if all I'm trying to do is pay my quaterly taxes (federal & state). This is all new to me so any advice would be greatly appreciated.

Thanks in advance.
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Click to view DomainDiva's profile Mogul DomainDiva 1,732 posts since
Oct 10, 2007
1. Re: Help Determining a CPA - Provision Nov 4, 2008 8:26 AM
Is this ProVision Wealth Strategists? If so....

I am going to put in my two cents here, but remember it's coming from left field with very little info.What I found is a privately owned full services financial company. It seems like the company is small but is trying to do a lot. For me, that's a red flag. On the about us tab on the website...there is no 'us' only services 'we' offer. I am thinking the 'royal we' here, not the plural 'we'.

Some companies requrie a deposit prior to doing a tax return; 1500.00 is not out of line, depending on how many schedules you have to file with the 1040. I am supposing here that you are not planning on filing the 1040 short from. However for a schedule C only...that seems to be a bit steep. Perhaps there is some sort of communication breakdown here. ProVision may be under the impression that you need the entire 1040 completed. None of my business here, but why the split between preparation of the 1040 and C?

The Feds and State will send you your quarterly form(s). They are actually fairly easy to fill out. I do all of my payroll, tax deposits and other routine things and then my CPA puts it all together at the end of the year. He was the one who got me to start being pro active in my finances.

Good Luck. DD
Click to view WinTek08's profile Professional WinTek08 4 posts since
Nov 2, 2008
2. Re: Help Determining a CPA - Provision Nov 4, 2008 8:40 AM
in response to: DomainDiva
Great. I'm trying to also ask around with my colleagues. Thanks for the advice. Much appreciated.
Click to view intechspecial's profile Mogul intechspecial 1,457 posts since
Jan 6, 2008
3. Re: Help Determining a CPA - Provision Nov 4, 2008 8:40 AM
I have never heard of Provision, and it might help if you add some more information about this company. What is there website?

Welcome to the community.

InTech "Special"

Click to view WinTek08's profile Professional WinTek08 4 posts since
Nov 2, 2008
4. Re: Help Determining a CPA - Provision Nov 4, 2008 8:44 AM
in response to: intechspecial
Their website is: www.provisionwealth.com
Click to view intechspecial's profile Mogul intechspecial 1,457 posts since
Jan 6, 2008
5. Re: Help Determining a CPA - Provision Nov 4, 2008 8:45 AM
in response to: WinTek08
Thanks, I will check it out.
Click to view WinTek08's profile Professional WinTek08 4 posts since
Nov 2, 2008
6. Re: Help Determining a CPA - Provision Nov 5, 2008 6:05 PM
in response to: intechspecial
From further evaluating the "risk" of putting a retainer fee up front, I had chosen not to go with Provision Wealth. From what it was worth, I rather get a referral from someone you trust rather than some ad that recommended Provision Wealth as a "good" CPA candidate; not to refer anything negative about Provision, respectively. Thanks to all whom had given their time & valuable input.
Click to view Elite1's profile Mogul Elite1 64 posts since
Nov 14, 2008
7. Re: Help Determining a CPA - Provision Nov 21, 2008 10:12 PM
This price seems extremely steep! I know that my fees are no where near that... for the tax preparation services you have listed. Maybe there is a miscommunication regarding what you are you requesting? Do they think they will be providing more? If I were you I would get answers regarding what those funds would cover. You could probably find good services for a lot less.

Tanya
Elite Financial Services, LLC

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