No change going into 2025. Prices and discounts remain the same as 2024 but old customers at the lower rates will be updated to the current ones. Rates and discounts are here https://www.smokymountaintax.com/updates/2024-service-updates

​The pre booking calendar will be coming out soon, keep an eye out.

As we approach 2024 tax season and renewals there are a few changes of note for new and existing customers:

1. ​All bookeeping rates are $145/hr for 2024 services
2. All tax consulting and preparation rates are $498/hr for 2024 services
3. I continue to dislike credit cards and credit card processing fees. If you'd like to pay with ACH pull or cryptocurrency you can get a 5% discount on your bill.

All other systems are going to operate as usual. The pre-booking calendar will be sent out to existing customers along with renewals, then the door will be opened for new customers.

Here you can find comparative articles to running an S Corporation, C corporation and Sole proprietorship as an entrepreneur with some added thoughts on doing that with a Cryptocurrency involved business. This is also a bit of a test to see if it makes a difference on twitter if I post direct substack links or not. The article links are below:

• C Corporations - The shield of the Crypto Earner ​smokestack.substack.com/p/c-corporations-the-shield-of-the
• Sole Prop. Schedule C - The sword of the Crypto Earner smokestack.substack.com/p/sole-proprietor-schedule-c-sword
• S Corporations - The spear of the Crypto Earner smokestack.substack.com/p/s-corporations-spear-of-the-crypto

For 2023 there are a few pricing and service changes that will apply to all customers, new and old.

• Bookkeeping rates for non-crypto clients are changing to $173/hr
• A 4% credit card surcharge is being added. The fees to use credit cards are ridiculous. Clients paying with cryptocurrency or ACH will stay unchanged. If you accept credit cards at your business did you know that you can reduce your payment processing fees to 1% or less by using cryptocurrency. You don't even have to hold it, some payment processors will let you accept cryptocurrency and pay you out in regular money.
• Payment currencies for crypto will be agreed to beforehand, otherwise the coin and chain stated on the invoice is what payment is due in.
• Tax account monitoring is an optional service for a flat monthly fee. $55/month per entity

These changes will take effect when I start on any 2023 work. You will get a new engagement at that time if you do not have one already.

It's almost tax season for the filing of 2022 returns. If you are an existing or potentially new client reading this I highly recommend getting in touch with me to schedule something for 2023 as my calendar for regular season filings is already full with returning clients and only extension returns are left.

Don't worry, I can get your extension filed for you, but this is just a fair warning that your return will be done in the summer or the fall if you are coming in to ask for a return at this point (that's right, it's not even January yet)

All of the returns are filed that needed to be filed, all of the extensions are filed that needed extensions. Another tax season closed successfully.

As such, I am back to my regular schedule and am open to taking new clients and consultations again. You can find the calendar through the contact page.

A quick update that my availability for new tax clients for spring 2022 is now full. The crypto currency community grabbed all of my remaining capacity. If new clients are still interested, extensions will need to be filed to have your work done in the summer of 2022...summer, not fall. Fall 2022 is reserved for spring procrastinators and clients who received tax notices.

2021/2022 Tax service and bookkeeping renewals are going out in November 2022 and are notifying clients of the following changes to their services:

• Rate increases for bookkeeping and tax preparation
  
• Mandatory tax account monitoring as part of tax preparation
  
• Practice focus on cryptocurrency and timber tax clients
  
• Separation of service for clients with intermittent relationships or data issues
  

The inbound requests for service which have been coming into my office at at an all time high and I am choosing to focus on niche practice areas and regular, long term relationships with clients who are proactive in their businesses instead of casual businesses. Though I am sure it will be upsetting to some clients, I strive to be able to have the bandwidth or provide top tier customer service to my existing client list and so cannot have it continually expanding.

Finally, the requirement for all clients to engage in tax account monitoring relates to a current and likely continuing breakdown in basic service functions for the internal revenue service. Account monitoring will be required to follow the status of changes to client accounts long before letters arrive in mailboxes.

Effective immediately for new customers, and for renewals on existing customers hourly rates are $477/hr for tax work and $173/hr for bookkeeping work. There has been a surge in demand for cryptocurrency services along with a large wave of tax professionals retiring from the field and so I've seen a large increase in customer demand.

I had the option to either hire and train staff to meet the demand, or increase my rates to narrow down the funnel of incoming clients and I chose the latter. Hiring new staff and growing my practice size goes against why I started it. The intent is to stay small and serve clients with a 1 to 1 relationship.