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Houston Area O&G CPA

Posted on 5/13/14 at 8:51 am
Posted by smoke4life
Houston
Member since Feb 2006
686 posts
Posted on 5/13/14 at 8:51 am
(no message)
This post was edited on 7/10/17 at 8:18 am
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37034 posts
Posted on 5/13/14 at 2:50 pm to
Weaver LLP is a pretty large firm in Houston, they have a lot of O&G experience. I would look into them. I have no idea what they are charging these days... my guess is around $150/hr for the easy stuff and $250/hr for the hard stuff.

Posted by BAMAisDIESEL09
Member since Jul 2012
2658 posts
Posted on 5/13/14 at 4:51 pm to
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.

This post was edited on 5/13/14 at 4:53 pm
Posted by kennypowers816
New Orleans
Member since Jan 2010
2443 posts
Posted on 5/13/14 at 5:17 pm to
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.
Posted by POCKET
Member since Nov 2011
2606 posts
Posted on 5/13/14 at 6:09 pm to
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 by BAMAisDIESEL09
Member since Jul 2012
2658 posts
Posted on 5/13/14 at 7:03 pm to
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 by reb13
Member since May 2010
10905 posts
Posted on 5/13/14 at 7:36 pm to
Pocket and I will do it for 150 an hour.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37034 posts
Posted on 5/13/14 at 9:48 pm to
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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