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Started By
Message
re: Intuit TurboTax
Posted on 1/24/23 at 11:16 am to macatak911
Posted on 1/24/23 at 11:16 am to macatak911
quote:
at 25-40 an hour or so. Woof.
I didn't say I was doing that
But I can't tell you how many times I've seen returns prepared by sole prop CPAs / EAs that are probably 2 hour returns and they are charging $150. Less than the Blockheads charge. It's insane. I guess if you are charging $75 an hour and have to pay overhead and software and downtime out of that, maybe $25-$40 an hour with no overhead and a constant stream of work sounds good.
quote:
Over the past year I’ve sold a lot of ‘outsourced CFO’ monthly arrangements. Full access to me, planning, bookkeeping, payroll, office visits, returns, 1099s. Demand for that is insane.
I was just starting out when QB started becoming mainstream. The firm I was at, lost 80% of their bookkeeping work in two years. Everyone thought they could do it themselves. But QB is a garbage in, garbage out program, and when it's the receptionist or the wife of the owner who is doing the "books", the quality showed, and some companies started looking for bookkeepers again.
Every year, there seems to be more and more small businesses who want that outsourced CFO stuff, because they can get access to someone who can do a lot of that work but also offer advice, and they don't have to bring that person on board full time.
Posted on 1/24/23 at 11:34 am to LSUFanHouston
quote:
Every year, there seems to be more and more small businesses who want that outsourced CFO stuff, because they can get access to someone who can do a lot of that work but also offer advice, and they don't have to bring that person on board full time.
I did this about 8 years ago. He's a 1099 CFO that comes in about 1.5-2 days a week. We weren't big enough to need a full-time CFO, but we definitely needed someone with a little more skill than your basic AR/AP person. He really earns his worth in banking relationships and banking lingo. I'm just a dumbass construction guy. I don't speak bankese.
My guy is going to retire in 2024, but I'll need a full-time CFO by then. I'm like just on the edge of needing a full-time one right now. The $3-10 million revenue companies are perfect for contract CFOs.
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