CPA hourly billing rate!!!!!!
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Joined: Oct 2001
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From: Mountain View
Originally posted by Scot
Does anyone here honestly think their time is worth $700 per hour on a continual basis?
I know lots of times you can help save a company $200k by changing a supplier, finding better cheaper health coverage, negotiating a lower interest rate on a big loan, etc............ so those would be different.... but $700/hr is NUTS!!!!!
Does anyone here honestly think their time is worth $700 per hour on a continual basis?
I know lots of times you can help save a company $200k by changing a supplier, finding better cheaper health coverage, negotiating a lower interest rate on a big loan, etc............ so those would be different.... but $700/hr is NUTS!!!!!
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Joined: Dec 2002
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From: New York
I think there are many situations where there is high demand for only marginaly better work at severly inflated prices. Just immagine if you needed a lawyer to keep you out of jail... would you rather have an average lawyer or the best at ten times the price? Barry Bonds is probably 6-7 times better than me on a baseball feild, and I would do his job for peanuts, yet he makes $15 million a year.
None-the-less my very average rewriting skills were billed out at $300/hour by that firm, for which they paid me $20/hour--markets don't allways clear.
None-the-less my very average rewriting skills were billed out at $300/hour by that firm, for which they paid me $20/hour--markets don't allways clear.
Joined: Oct 2003
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From: MAHT-O-MEDI
Being a CPA is BORING and the pyramid at the big firms is WAY steep. Burn out a never ending supply of fresh-out-of-college auditor with all the money going to one or two partners is the norm.
Having said that, if crappy auto dealer mechanics can charge $100 an hour to screw up your car, you are darn right that CPA's are worth $200 an hour. (No offense to Hardtopguy
)
But when everybody starts asking for that kind of a rate, don't be surprised that jobs get shipped overseas.
Having said that, if crappy auto dealer mechanics can charge $100 an hour to screw up your car, you are darn right that CPA's are worth $200 an hour. (No offense to Hardtopguy
) But when everybody starts asking for that kind of a rate, don't be surprised that jobs get shipped overseas.
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From: Mountain View
Originally posted by vader1
By the way, everybody thinks Lawyers, Mechanics, CPA's, Plumbers, etc charge wayyyyyy too much.......until they really need one.
By the way, everybody thinks Lawyers, Mechanics, CPA's, Plumbers, etc charge wayyyyyy too much.......until they really need one.
)
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Joined: Oct 2000
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From: Napa
Sorry Scot, but that is not unreasonable in my opinion. That is an average rate as you say, so accounts for juniors at maybe 100 per hour, managers at 150-175 and partners at 250-300? The typical markup is 2 1/2 times salary (of the one doing the work. Once for their salary, once for their overhead (benefits, training, etc) and 1/2 for profit.
We had a guy come out last month to look at an automatic gate opener. His boss charged us 90.00 per hour, and I don't know if he even finished elementary school!
We had a guy come out last month to look at an automatic gate opener. His boss charged us 90.00 per hour, and I don't know if he even finished elementary school!
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From: Sacramento
My wife can prepare 4 taxes in an hour, no effort, and make $85 each, as in an average of $340 per hour. That also does not include the other fees if they want a 2 day check/.!!!! I'm riiiiich BIAAAAAOOOTCH