Lockhart & Powell, CPAs
Service Fees
At Lockhart & Powell, we take great pride in serving our clients—whether through tax preparation, consulting, entity formation, or any of our other specialized services.
We invite you to review our service offerings and fee structure below. If you feel we’re the right fit for your needs, let’s connect!
Individual Tax Return Preparation (1040)
This service includes preparation and filing of your federal tax return and one state tax return. Eight basic tax forms are included in the starting fee for this service offering. Some examples of basic tax forms include: W2, 1099-R, SSA-1099, 1099-INT, 1099-DIV, 1098 Mortgage Interest, 1098-E, 1098-T, and similar forms.
Fee structure:
-
$500: starting fee for standalone tax return
-
$350: starting fee for clients who also file a business return
-
$250: starting fee for child or student, if a parent also files
Additional fees:
-
$150: starting fee for each Schedules C, E, & F (business, rental, & farm)
-
$125: fee for each additional state
-
$100: starting fee for each 1099 Composite
-
$100: starting fee for each K-1
-
$75: fee for one 30-minute client meeting (discounted rate)
-
$50: fee for each additional basic tax form (exceeding 8)
Business Tax Return Preparation (1065, 1120, 1120-s)
This service includes a comprehensive analysis of your financial statements, preparation and filing of your business tax return, and a 45-minute consultation to review your reporting period in detail.
Pro Tip: File your personal 1040 return with us and receive a $150 discount on this service!
Fee structure:
-
$1,200: fee for basic business return
-
$1,500: fee for moderately complex business return
-
$2,000: starting fee for complex business return
Note: Existing clients receive a $300 discount for the 2025 tax year
Consulting and Advisory Services
We are committed to delivering expert consulting and advisory solutions tailored to both individuals and businesses.
Fee structure: $250 hourly rate
This fee applies to:
-
General tax and business advisory questions
-
Email and phone questions outside of your tax preparation engagement
-
Responses to IRS or state notices
Other Service Offerings
Business Formation: $300 to form an LLC, Partnership or Corporation (EIN included)
S-Corporation Election: $350 one-time fee
Notice Response: Starting at $125
Payroll: Starting at $586 annually through our ADP partnership
Bookkeeping: Contact us to explore solutions tailored to your business needs