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I had two clients go from S-Corps to C-Corps and one go from a Partnership to a C-Corp for the 2023 tax year.
Do I have to recreate everything from the beginning or is there a way to change the tax form associated with the client?
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Bad news.
You have to redo everything again.
Good news.
You get to charge for all this extra work.
Here's wishing you many Happy Returns
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That's what I figured. No, can't charge extra because of a software issue to a big client with a bundled annual fee package. The last software I worked with, we could easily transfer all pertinent general data in these situations which was a huge timesaver. Pros & Cons to changing this year - I'm starting to think I should have waited a year to change.
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"to a big client with a bundled annual fee package"
I don't know your contract terms or price modeling, but what your client has is new entities. If they bought a bunch of new businesses and entities, would that be covered under the existing arrangement or would this be additional scope or even a new contract?
Because this is your opportunity to renegotiate.
It's like an individual just adopted a bunch of new people.
"Level Up" is a gaming function, not a real life function.