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WGW Financial

Apples To Apples

Why do most services make you take all the numbers they already have somewhere else at tax time? Paid tax preparers must be authorized by the IRS, and when you deal with all types of businesses you also have to deal with all types of tax returns. That’s a big coordination effort for a practice that’s set up to do bookkeeping for everyone. Our focus on sole proprietors lets us provide the full service option we know our clients need at the reasonable cost they want.

Plan Name
Month To Month Price
Transaction Limit
Account Limit
Imported Transactions
Statement Data Entry
Reconciliation
Tax Returns
Invoicing
Online Payments
Receipt Upload
Mileage Tracking
Micro
$79
NA
3







Standard
$129
NA
6







Plus
$179
NA
10







 

WGW Financial uses QuickBooks, the nations largest and most compatible business accounting software.
Plan Name
Month To Month Price
Transaction Limit
Account Limit
Imported Transactions
Statement Data Entry
Reconciliation
Tax Returns
Invoicing
Online Payments
Receipt Upload
Mileage Tracking
Starter
$149
$1K
15



X
X
X
X
X
Micro
$169
$7.5K
15



X
X
X
X
X
Boutique
$199
$20K
15



X
X
X
X
X

 

Bench is one of the largest small business accounting firms and uses their own proprietary software.
Plan Name
Month To Month Price
Transaction Limit
Account Limit
Imported Transactions
Statement Data Entry
Reconciliation
Tax Returns
Invoicing
Online Payments
Receipt Upload
Mileage Tracking
Start Up
$110
NA
2



X



X
Growth
$200
NA
6







X
Enterprise
$330
NA
NA







X

 

Xendoo uses Xero, an online DIY platform for small businesses. Tax returns on the Growth plan are corporate only.

Powered By QuickBooks

As a registered QuickBooks Accountant, we get substantial discounts on QuickBooks products that allow us to pair the leading platform with our services affordably. Every WGW account comes with a free QuickBooks account. We’ll set the account up for you to lock in our lower rate and we’ll pay for it, but the account is yours. If at any time you need to move, we simply unlink our authorization for that account. You can keep the account and pay QuickBooks directly, or transfer it to another registered QuickBooks Accountant. If you already have a QuickBooks account, you can authorize us to link to that account instead.

Built By Experience

WGW’s founder has over 30 years of business accounting and tax preparation experience. We’ve used those years listening to sole proprietors to build a service that fills the gap in the fast growing self-employed market, a market traditionally asked to make due with options that were clearly designed for someone else.

Statements

Sometimes it’s not possible to link to your accounts for automatic import, and there may be other reasons for us to rely on statements on some accounts instead. Below are some common examples of account statements. We’re happy to track all of these and more. This information is typically available to you in PDF form. Simply grab them and upload them in our client area in just a few minutes. We’ll handle the data entry. 

  • Bank Accounts Any account you use for your business or home office expenses.
  • Alternative Accounts We treat PayPal and similar services like banks as money goes in and out.
  • Credit Cards Anything you use to pay expenses for your business or home office.
  • Payment Gateways Credit, debit, e-check or other payment processors that only send you income.
  • Rents And Royalties Any income you receive for sales of copyrighted or patented material or rents.
  • Commissions Anything from straight commission sales to affiliate programs.
  • Investments Monthly income you get from investment or brokerage activity.
  • Marketplace Sales Includes invoices or reports from Amazon, eBay, and other marketplaces.
  • Other Online Sales Anything from a Woocommerce stand alone store to solutions like Shopify.

Taxes

We’ll reach out to you in February. Simply upload any tax forms you receive like W-2s, 1099s, 1098s, etc in our client area by March 1. That’s it. We’ll put everything together and send it to you for your review before filing. We will only include information from official forms you’ve uploaded to us and the numbers we’ve got in the system for the tax year in question on your return.

  • Who Qualifies We provide basic returns for free for any client who is still active at tax time. For example, if you're a bookkeeping client in 2020 so we have your numbers for that year, and you are still an active paying client in April 2021 when we file the 2020 returns, you get the free basic 2020 returns. If you're a new client at tax time and we don't have last year's numbers already, we'll still gladly do your taxes for you at our non-client rates.
  • Basic Federal And State Returns Your basic returns include your 1040 US Individual Income Tax Return, Schedule C Profit Or Loss From Business, simplified or itemized home office deductions (when applicable), the standard deduction or Schedule A itemized personal deductions (whichever works out best for you financially), insurance and ACA marketplace deductions, and one state return.
  • Add Ons And Form Details Below is a list of all the tax forms you'd generally expect a tax preparer to handle for a sole proprietor along with the national average price (as reported by the National Society Of Accountants and other sources), our price exclusively for bookkeeping clients, and our regular price.

    Tax Forms
    Nat'l
    Avg
    WGW
    Clients
    Non-
    Clients

    1040 (non-itemized) + State Return
    $176
    FREE
    $125

    1040 With Schedule A + State Return
    $273
    FREE
    $225

    Schedule C (Business)
    $184
    FREE
    $150

    Schedule F (Farm - Replaces Schedule C)
    $135
    FREE
    $100

    Form 8962 (Premium Tax Credit Calculation)
    $59
    FREE
    $40

    Form 8965 (Health Coverage Exemptions)
    $53
    FREE
    $35

    Form 1095-A (ACA Marketplace Statement)
    $58
    FREE
    $40

    Shared Responsibility Payment Calculation
    $57
    FREE
    $40

    Form 940 (Federal Unemployment)
    $69
    $40
    $45

    Retirement Plan Contributions (401K/IRA)
    $79
    $50
    $55

    Schedule D (Capital Gains And Losses)
    $124
    $75
    $95

    Schedule E (Rents And Royalties
    $135
    $75
    $95

    Form 709 (Gift Tax)
    $413
    $225
    $275

    Form 8824 (Like-Kind Exchanges)
    $242
    $150
    $175

    Part Year Resident (2nd State Return)
    $62
    $50
    $60

  • Married Filing Jointly If you and your spouse run this business together as your primary income, there is no additional charge for a Married Filing Jointly return. If your spouse has a traditional job with a W-2, we'll include them in a Married Filing Jointly return for a $75 one time fee at tax time. If your spouse is also self-employed in a separate business and you're both clients, we'll file you separately or individually as you prefer.

Confidentiality

We are professionally disallowed from using any information you give us that is not publicly available about you in any way except to (i) comply with a validly issued and enforceable subpoena or summons; (ii) comply with professional standards, laws or regulations; (iii) enable an authorized peer review of the firm (where the information would also be protected by that reviewer); (iv) initiate or respond to a duly authorized investigation by the state accountancy board; or (v) permit review connected to the prospective purchase, sale, or merger of all or part of an accounting/tax practice (where the information would also be protected by the reviewer). Any information you share on this site or with us by phone or in correspondence or through any QuickBooks account access is subject to this confidentiality, not just your financial data. In addition, your banks or other financial institutions can only provide us your information for automatic import with your consent, usually provided by you logging in to authorize the setup. Your transaction data is then provided in read-only format. Any data coming into your account through this method is protected by both the financial institution and us. Everything about what we do with you focuses on your privacy and trust.