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Message
re: Houston Area O&G CPA
Posted on 5/13/14 at 5:17 pm to BAMAisDIESEL09
Posted on 5/13/14 at 5:17 pm to BAMAisDIESEL09
quote:
The average hourly rate for a small CPA firm is about $250-$300/hr in a major market.
For reference, the following info is for a $5,000,000/yr company:
Its about $25,000 per year if you want a small CPA firm to handle interim/year end reports, closing journal entries, state and federal tax returns.
Its about $60,000 per year if you want a small CPA firm to handle all bookkeeping, g/l maintenance, monthly reports and all other duties listed above. Full service.
I'm not trying to be rude here but this seems a little off. At that rate ($275/hr) and total fees ($60K), that's only an avg of ~18hrs a month to do all of that. That seems pretty low to me. Either that or my math is off (I'm not a CPA after all).
With that being said, I would think those avg rates are a little high. I would think an avg rate for a firm would be somewhere around 175, but I could definitely be mistaken.
3
Posted on 5/13/14 at 6:09 pm to kennypowers816
I'd guess those numbers (250-300) are pretty close. I worked for a large CPA firm in Houston as an intern and they charged the client 150 an hour for my work
This post was edited on 5/13/14 at 6:10 pm
Posted on 5/13/14 at 7:03 pm to kennypowers816
quote:
I would think an avg rate for a firm would be somewhere around 175, but I could definitely be mistaken.
We've paid $250/hr for years. The firm offered to do full maintenance for $60k/yr but we chose to go with limited for $25k and hire a lower paid full time bookkeeper.
This post was edited on 5/13/14 at 7:09 pm
Posted on 5/13/14 at 9:48 pm to kennypowers816
quote:
With that being said, I would think those avg rates are a little high. I would think an avg rate for a firm would be somewhere around 175, but I could definitely be mistaken
CPA prices in Houston are nuts. Chalk it up to all the money flying around town right now, plus a shortage of qualified staff. CPAs make a lot of money there because there are always tons more openings than qualified people.
Case in point: 5 years ago I worked as a senior with 4 years exp, at a 20 person firm, in Houston, and my bill rate was 210/hr.
Today, I work as a manager with 9 years exp in a 40 person firm, in NOLA, and my bill rate is 180/hr.
Also, at my relatively small firm in Houston, we basically could not get a 1040 out the door for less than $1,000, when you add in all the hourly fees and the "processing fee" which basically covered our software, copies, technology, etc. The only ones we did for less than $1,000 were children of clients.
It's a totally different market there.
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