XY Tax Solutions

Our Tax Team, Your Value-Add

Tax planning is one of the five important pillars of comprehensive financial planning... but tax planning - and tax preparation - can quickly become the most tedious and time-consuming part of the job! And that’s where we come in.

XY Tax Solutions is the tax team in your corner that works with financial advisors, for financial advisors to offer expert tax services to their clients. By partnering with us, you can integrate tax preparation and planning into your firm and focus on the client relationship while we take care of the rest. 

Delegate the tax work to us and spend more time doing what you love—serving your clients and helping them live their best lives.

 

 
 
XY Tax Solutions
Ryan Frailich

"A public thank you to Sam Nguyen and the whole XYTS team. Taxes are insane this year. The work they are doing this year, with a million moving pieces, is remarkable. Use XYTS - it's been such a help to my practice and my clients."

Ryan Frailich, CFP®, CSLP® // Founder of Deliberate Finances

How It Works

With a Network of unique advisors and firms, we recognize that the standard “one-size-fits-all” approach won't work. With our different engagement and billing types, we aim to give you the flexibility you need to best serve your clients. You choose your level of involvement and how you want to bill your clients, and we’ll lead (or follow) every step of the way.

 

Engagement

When you complete the Client Intake Form, you decide what type of engagement you'd like—on a per return basis. 

 

Essentials

Our referral option, a Essentials engagement is best for advisors who are at capacity and wish to outsource tax preparation services or for advisors who wish to refer family, friends, or colleagues directly to XYTS.

Choose the Client-Billed option below.

Premier

Our most popular option, an Premier engagement is a relationship between you, your client, and XYTS. XYTS will copy the advisor on any client interactions and requests. Additionally, advisors will get access to their clients’ secure portals.

Choose from any of the Advisor-Billed or Client-Billed options below. 

Enterprise

Our indirect service, an Enterprise engagement is for advisors who want XYTS to communicate directly with them. Being the sole point of contact to the client, the advisor leads the tax engagement process.

Choose from the Advisor-Billed options below.

Billing

When you complete the Client Intake Form, you decide your billing arrangement—on a per return basis.

ADVISOR-BILLED


CLIENT-BILLED


Subscription For example, an advisor billing $199/month for financial planning services, may wish to include an option at $249/month and include tax services. You, the advisor, would collect an additional $50/month, or $600/year. Come tax time, you remit payment to XYTS and your clients won’t see a tax preparation bill come filing time.

Fold the cost of tax preparation into your existing financial planning service offering.

Convenience Fee For example, an individual tax return cost $325 to prepare. You, the advisor, remit $325 to XYTS and invoice your client for $375. The additional $50 will need to be validated to the best of your ability. This could include tax planning and strategy conversations that occur throughout the year.

Bill your client for the final XYTS invoice and charge an additional fee for your advisory services. 

Absorb Fee For example, if you are billing your clients through an existing retainer or AUM engagement, you may wish to cover the costs of any tax prep and planning services.

Completely absorb XYTS' tax preparation fee, and do not pass along the cost of tax preparation to your client. 

Pass Through For example, XYTS invoices your firm for $400. You then bill your client(s) $400.

XYTS will invoice you for the cost of tax preparation, and you will pass the fee through to your client.

Direct For example, a trust tax return cost $600. XYTS will bill the client for $600 after e-filing the return. The advisor’s firm is not involved in this transaction.

XYTS will invoice your client directly when we file the tax return. 

 
 

Getting Started with XYTS

Capacity is available on a first-come, first-served basis, so be sure to carefully review the steps below:

STEP 1

Advisor completes the Interest Form to get started with XYTS for the upcoming tax season.

STEP 2

Carefully review and sign your Advisor Agreement.

You will receive your contract via email from the tax team approximately three (3) business days after submitting the Interest Form.

STEP 3

Complete the Client Intake Form on a per return basis. 


2022 Tax Season Pricing

Wondering if XYTS is a good fit for you and your firm? Let us help! Schedule a call with Aimee to talk through the nitty-gritty of your needs and situation and the services that XYTS offers.

Advisor Pricing

 
Essentials
Premier
Enterprise
Advisor's Role Outsourced Integrated Lead
Billing Options Client-Billed Client-Billed or Advisor-Billed Advisor-Billed
Portal Access Client Only Client + Advisor Advisor Only
Client-Specific Email Correspondence To Client To Client/Advisor Copied To Advisor
Intro Call with Directors Meet the Team Office Hours
Tax Return Status Page No
Advisor Reviews Draft Tax Return* No
Who Signs the Tax Return? XYTS XYTS XYTS or Advisor Firm**
Final Tax Return Delivery Call with Client Add-on*** 20% Discount Not Applicable
30-Minute Check In Call with XYTS Team No Monthly**** Bi-Weekly
Tax Planning for Client Add-on*** 20% Discount
($200/hour)
5 Hours Included*****
Price No Cost to Advisor $1,000 Starting at $5,000 xypn_arrow

* You have seven business days to review the tax return and provide feedback (you can waive this option in the Client Intake Form)

**Option to sign tax returns at and above 75 returns (you must have your own tax prep software)

*** Add-ons billed at $250/hour (30-minute increments)

**** 30-minute check-in calls start when we file your first client's return and end when we file your last client's return (for a maximum of nine months, February 15–October 15)

***** Each additional hour will be billed at a rate of $175/hour (30% discount)

< 25 clients $5,000
25 - 74 clients $10,000
75 - 149 clients $15,000
150 - 299 clients $25,000
> 300 clients Contact Us

 

 

 

Tax Return & Tax Preparation Pricing

XYTS is available to prepare additional forms in addition to, or in conjunction with, the base returns below. Complexity rates may apply to special circumstances. For all the details, download the full pricing menu.

Download Pricing Menu  Individual Return Quote Generator

 

 

 
Individual Tax Return

Starting at
$350


1040 / Individual Income Tax Return

The following forms are included in the base return price:

Schedule A / Itemized Deductions
Schedule B / Interest & Dividends
Schedule DCapital Gains & Losses
1040-ES / Estimated Taxes (Safe Harbor)

 

 

Get started with XYTS

 
Trust Tax Return

Starting at
$600


Form 1041 / Tax Return for Estates and Trusts

 

 

Get started with XYTS

 
Business Tax Return

Starting at
$900


Form 1065 / Partnership
Form 990 / Organization Exempt from Income Tax
Form 1120-SS Corporation
Form 1120 / Corporation

Get started with XYTS

Tax Planning Services


XYTS is available to consult on tax planning issues, conduct tax research, and answer tax questions for a flat $250/hour rate. These services can be held in conjunction with tax preparation services or as a separate engagement.

Ask an Accountant /// $250 per hour

Planning Partnership /// $1,000 for 5 hours

 

Get started with Tax Planning

Important Information about Deposits


    • Deposits will be collected after completion of the Client Intake Form.
    • Capacity is not reserved until deposits are received.
    • Deposits for all return types are $100 per return.
    • Deposits will be applied to your final bill (per tax return).
    • Unused client-billed deposits are non-refundable.
    • Unused advisor-billed deposits are non-refundable; however, can be applied to other current season tax returns with XYTS if applicable.
    • Tax return deposits cannot be applied to tax planning engagements.
ElliottWeir

”XYTS is a great resource for my clients. My clients get the help they need, it’s easy for them, and it’s more value that I can provide!”

 

Elliott Weir III, CFP® // Founder of III Financial

XYTS Office Hours


XYTS Office Hours offer XYPN members the opportunity to learn about advanced tax topics in an interactive environment. Office hours are held the first Tuesday of the month from 1 - 2 PM MT

Examples of topics include:

  • Selling or Liquidating Your S Corp or Sole Proprietorship/SM-LLC
  • Tax Information for Retirement Plans
  • Depreciation and Depreciation Recapture
  • Estimated Tax Payments and Withholding
  • Cafeteria Plans for S and C Corps
  • S Corp Elections
  • Tax Planning Opportunities and General Questions

Learn more about Office Hours


 

Frequently Asked Questions

Don't see your question answered below? Email us or book a call with our team.

Our Interest Form for advisors to get onboarded for the upcoming tax season generally opens in September, and our Client Intake Form for advisors to sign up clients for tax prep opens in October. Please note: only advisors who have signed our Advisor Agreement will have access to our Client Intake Form.

Follow these four easy steps listed at the top of this page.

Please have information uploaded to the Client Portal no later than three weeks prior to the filing deadline.

Yes, we will review your clients’ prior-year tax returns. The first two tax returns are complimentary, and any additional returns are billed at $250/hour.

Yes, XYTS will amend tax returns prepared by an outside CPA. Amended tax returns fall within the scope of tax planning, which is billed at our hourly rate of $250. If you/your client is ready to start an engagement, you can sign up for tax planning here.

Depending on the engagement and billing options you select, you may need to update your Form ADV. Please refer to the Compliance Quick Start Guide and attend weekly Compliance Office Hours with any questions you may have.

Yes, through the hourly ‘Ask a CPA’ tax planning engagement.

Yes, please complete the Intake Form and select the Client-Only engagement and Client-Billed options.

If your client is a sole proprietor or a single member LLC, they can report business income and expenses on the Schedule C of their personal return and won’t require a second engagement. If your client is a partner or shareholder of a S Corp AND the return for that organization is not being prepared and filed elsewhere you will need a second engagement for the completion of their 1065 or 1120-S.

XYTS works primarily with XYPN and ACP members; however, we may make an exception for other fee-only advisors contingent on a sales call. If you think that your firm is a potential fit for XYTS’ services, please schedule a call here.


 

Recommended Reading

Read the most recent articles from the experts at XYTS.

Your Guide to Form 8606 as an Advisor

Your Guide to Form 8606 as an Advisor

October 18, 2021

Read the blog 

Choosing a Small Business Retirement Plan from a Tax Perspective

Choosing a Small Business Retirement Plan from a Tax Perspective

September 27, 2021

Read the blog 

What a Qualified Charitable Distribution (QCD) Means for Your Taxes

Your Guide to Tax Preparation and Tax Planning as an Advisor

September 20, 2021

Read the blog 

Explore all Blogs

 

XYTS Resources

We're here to make you look good.

 

Templates and Downloads

Available to XYPN Members through the Member Forums, these resources help you promote tax preparation services, set expectations with your clients, update your ADV, and more. 

  • Bio Sheets
  • Client Badge
  • Compliance Quick Start Guide
  • Recorded Webinars & Trainings
  • Sales Brochures
  • Templated Email

Access Templates & Downloads

 
 

 

Meet the Tax Team

Click image to read bio Emily Purdon 800x800

Emily Purdon, CFP®, EA
Senior Director of XYTS

Click image to read bio Sara Williams 800x800

Sara Williams
Operations Manager

Click image to read bioMichael Law headshot

Michael Law, CPA
Director of Tax

Click image to read bio Sam Nguyen

Sam Nguyen, CFP®, EA
Director of Tax

Click image to read bio Pam Hocevar

Pam Hocevar, EA 
Tax Manager

Click image to read bio Dan Ritter

Dan Ritter, CPA
Manager of XYTS

Click image to read bio Katrina Ivancic

Katrina Ivancic, CPA 
Tax Manager

Click image to read bio Blake Mattfeldt

Blake Mattfeldt
Tax Specialist

Click image to read bio Chelsey Patera headshot

Chelsey Patera  
Tax Specialist

Click image to read bioRachel Black-1

Rachel Black
Tax Specialist

Click image to read bioCassie Jackson

Cassie Jackson
Operations Specialist

Click image to read bioKaitlin Angel

Kaitlin Angel
Tax Specialist

Click image to read bio Alli Whittle headshot

Alli Whittle  
Tax Intern

Click image to read bio Avery Heinz headshot

Avery Heinz  
Tax Intern

Click image to read bio Danelle Kruszka headshot

Danelle Kruszka  
Tax Intern

Click image to read bio Rubiyat Alam headshot

Rubiyat Alam  
Tax Intern

Click image to read bio Ryan Chan headshot

Ryan Chan  
Tax Intern

Click image to read bio Sthephany Coutinho headshot

Sthephany Coutinho  
Operations Intern

Click image to read bio Trejon Talton headshot

Trejon Talton  
Operations Intern

 
 

Get to know the entire XYTS team by visiting our Team page 

Emily Purdon, CFP®, EA

As Director of XYTS, Emily Purdon leads our in-house team of tax experts, combining her experience as a financial planner with her talent for creating scalable processes to build a business where the client experience is the main priority.

Emily has an extensive educational background, with an M.S. in Advanced Personal Financial Planning and a Financial Therapy Graduate Certificate from Kansas State University; she also completed Wharton’s Executive Education Program in Client Psychology and graduated from the FPA Residency Program.

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Rachel Black

Rachel Black is a CPA candidate and tax enthusiast with over a decade of experience in small business operations and client relationships. In her free time she enjoys ruining parties trying to talk about personal finance and tax optimization, drinking coffee, and playing in the great outdoors.

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Michael Law, CPA

Michael Law has 22 years of experience including time spent as Vice President of Tax Operations at Goldman Sachs. Other hats he has worn throughout his career include Supervising Senior Accountant, Tax Manager, Audit Manager, and Tax Partner.

He's been published or quoted in Accounting Today, Small Biz Daily, Business News Daily, and more. Michael holds a Masters of Science in Taxation from Golden Gate University and a Bachelor of Science in Business Administration from California State University.

As Senior Tax Manager, Michael will provide the highest level of tax expertise while serving as your in-house team..

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Katrina Ivancic, CPA

As a Tax Manager, Katrina provides tax preparation, planning, research, and compliance support to XYPN members and their clients.

After graduating from Cleveland State University in 2009, she spent many years working in corporate accounting before launching her accounting firm in 2013. Over the last 7 years, she has become an expert in small business tax, financial accounting, bookkeeping, and personal tax planning.

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Dan Ritter, CPA

After graduating from Norwich University in 2009 with a Bachelor of Science degree in Accounting, Dan Ritter served as an officer in the United States Marine Corps for seven years. In 2016, Dan joined a tax firm in Bozeman, MT and fulfilled the role of a Staff Accountant/CPA for over four years. Dan also graduated with a Master of Professional Accountancy Degree from Montana State University in 2017. Dan specializes in tax for individuals and small businesses, bookkeeping, financial accounting, and QuickBooks Online.

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Pam Hocevar, EA, MBA, FPQP™

Pam successfully ran her own tax business for nine years; she has also worked in education and training for small and large organizations. Pam graduated from Michigan State University with a B.S. in Psychology and an MBA from the University of Sarasota. She is an Enrolled Agent with the IRS, along with being a Registered Paraplanner and graduate from the College of Financial Planning. Pam’s specialty is developing tax plans that fit the client’s individual goals and preparing individual and small business returns.

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Blake Mattfeldt

Blake is a recent graduate from the Master of Professional Accountancy program at Montana State University (MSU). He has a bachelor’s degree in business with a concentration in finance and accounting. In addition to his experience with the Volunteer Income Tax Assistance program while at MSU, he worked as a tax intern for Rudd and Company. Blake is studying for the CPA examinations.

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Sara Williams

Sara first started with XY Planning Network as a Member Experience Specialist where she served members in the Building/Scaling phase of their firm journey. She is now the Operations Specialist for XY Tax Solutions (XYTS), a role that merges her passion for building and refining processes with her love for helping members.

She is honored to serve members in a different capacity and spends her days evaluating XYTS's processes/workflows and aligning its business operations with the needs of advisors and clients.

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Chelsey Patera

Chelsey is a recent graduate from Montana State University with a bachelor's degree in business and a focus in accounting. She is Bozeman native with strong ties to the community. While in college, Chelsey interned with Franks and Associates, CPAs. Chelsey is studying for her CPA certification.

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Sam Nguyen, CFP®, EA

Sam Nguyen has over 11 years of experience in tax planning and preparation in the financial planning industry. He is an Enrolled Agent, a CERTIFIED FINANCIAL PLANNER™, and graduated from Virginia Tech’s financial planning program in 2009.

Sam has extensive experience working with financial planners and their clients, and knows that understanding the goals and the comprehensive financial planning picture of a client allows for better tax planning and advising.

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Cassie Jackson

Working with the team at XY Planning Network towards a common goal and serving the tax process in a holistic way, is what draws Cassie to operations. She recently graduated from Concordia University Texas with a Bachelors of Business Administration in Finance. Cassie spent her last semester of college as a Tax Intern with XYTS. When she isn't in the office, she enjoys home decorating projects and exploring all things Bozeman.

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Kaitlin Angel

Kaitlin is a recent graduate from the Montana State University Master of Professional Accountancy program and earned her Bachelor of Science in Business Administration with a focus in Accounting. While earning her Bachelors and interning for Wipfli as a tax intern, Kaitlin found her passion for tax preparation and research. When she is not at the office or studying and taking her CPA examinations, Kaitlin loves to ski, hike, dirtbike, and learn new hobbies.

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Alli Whittle

Alli is currently a senior Business Management student with a basic accounting certificate at Brigham Young University - Idaho. She has a goal to become a CPA and get a Master of Accountancy. A typical introvert, most of her free-time activities include a good book, Netflix, family, a workout, and/or sleep.

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Danelle Kruszka

Danelle Kruszka graduated from University of Maryland with her B.S. in psychology in 2012. She is currently a student at Post University completing her post-baccalaureate certificate in accounting. She is on track to complete her accounting masters and CPA certification 2023.

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Rubiyat Alam

Rubiyat is a Nova Southeastern University Alumni with a BSBA in Accounting and currently working on obtaining Masters of Accountancy at Georgia Southern University with aspirations of establishing his career as a CPA and much more. He is ambitious and deeply passionate about anything related to the accounting, investment, technology, equity, and finance sectors of the ever-evolving business world. In essence, he is an innovator at heart and can think on his feet instantly. He loves interacting with teammates and clients. In his spare time, he enjoys watching basketball.

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Ryan Chan

Ryan is an undergraduate student at CUNY Baruch College with a focus in accounting. Currently seeking professional and practical tax experience and pursuing a bachelor's degree with the intent of pursuing a CPA and masters in the future. He enjoys discussing about anything related to personal finance, especially best practices in optimizing and saving.

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Sthephany Coutinho

Sthephany is a senior studying Financial Economics with a focus on Financial Planning and Data Analytics. She discovered her passion for Operations and Processes in Finance when co-founding a collegiate Wealth Management Society. Through her education and internship at Abacus Wealth Partners, she also learned how money helps people achieve their best lives. When Sthephany is not studying, she loves playing sports, like rugby and volleyball, and learning how to play new board games with her family.

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Trejon Talton

Tre is currently an M.B.A. student studying business development at Lynn University after receiving his B.S. from Slippery Rock University. He holds interests in sports, outdoor adventures, and finding new ways to remain healthy and active.

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Avery Heinz

Avery is a sophomore at Bentley University. He is pursuing a bachelor's degree in Accountancy with a minor in Computer Information Systems. He plans to sit for the CPA exam shortly after he fulfills the required credit hours.

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Jeff Brainard

"I'm incredibly happy with how things moved forward with [our client] and we will be recommending a lot more clients come to you for tax prep."

 

Jeff Brainard, CFP® // Managing Partner & Individual Wealth Strategist, Noble Wealth Partners