southparkcpa wrote:I would back away. Any type work that can be done by a book keeper, should be done by a book keeper in my view. When the CPA/EA does that work, he becomes a book keeper in the eyes of the client. I tell clients, you must use Paychex for example. You must be able to file your own sales tax. Completing a passport document is more complex than sales tax. If they can't do it, I simply pass. I try to focus on work that will yield $250 an hour or more.
CornerstoneCPA wrote:southparkcpa wrote:I would back away. Any type work that can be done by a book keeper, should be done by a book keeper in my view. When the CPA/EA does that work, he becomes a book keeper in the eyes of the client. I tell clients, you must use Paychex for example. You must be able to file your own sales tax. Completing a passport document is more complex than sales tax. If they can't do it, I simply pass. I try to focus on work that will yield $250 an hour or more.
Do you not have staff that can perform the lower level services?
In cases like this, I create contractual fees that cover a defined scope of services. Effectively, I become their controller. With that said, even if I do all the work, my effective hourly rate is typically higher than my actual hourly rate.
ManVsTax wrote:Had a prospect this week that wanted me to handle, going forward:
-Income Tax Returns
-Accounting
-Sales Tax Returns
-Liaison between bank, vendors, etc.
No thanks, especially on the last one.
ManVsTax wrote:Had a prospect this week that wanted me to handle, going forward:
-Income Tax Returns
-Accounting
-Sales Tax Returns
-Liaison between bank, vendors, etc.
No thanks, especially on the last one.
smtcpa wrote:Sounds like my ideal client for fractional CFO services...will he take a virtual firm?
ManVsTax wrote:Had a prospect this week that wanted me to handle, going forward:
-Income Tax Returns
-Accounting
-Sales Tax Returns
-Liaison between bank, vendors, etc.
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