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Home | Accounting & Consulting Fees

At GRIFFIN Tax, our goal is to provide our clients with useful and valuable information and services. Part of good foresight is the ability to estimate fees and make both businesses and individuals feel confident that they know what they will be paying and the value they will be receiving.

 

Every accountant uses different methods to bill for their work. Fees will vary depending on the type of services performed, the area of expertise, the geographical region the work is done and a myriad of other variables. Hourly rates are commonly used, although flat fees are also available for certain services performed on a regular (monthly or quarterly) basis.

 

Our Fee Structure

 

Our fees are computed based on the time and related staff it takes to complete each project. The complexity of the work being performed and the level of oversight required to ensure a quality product can greatly affect the cost of the time spent each period. Below is a break down of our current billing rates. Rates change on an annual basis but typically by no more than 5% up or down depending on trends in our business, the overall economy and the needs of our clients.

 

*The minimum charge for tax preparation is $150. After reviewing your needs and reporting requirements, we will provide you with an estimate of our fee.

 

**Data Entry is billed at $45 / Hour.

 

Staff Accountant Time billed at $75 - $125 / Hour

 

-Perform account reconciliation, adjustment, organization, and preparation of your file

-Perform all bookkeeping activities not previously recorded

-Communicate with client’s vendors and customers as necessary

-Meet with Admin and/or EA/CPA to discuss client issues as they are identified and assist in completion of administrative and clerical tasks.

-Generate month end reports for Admin, EA & CPA review

 

Admin/EA Time billed at $125 - $200 / Hour

 

-Review work completed by Staff Accountants

-Perform reconciliation, adjustment, organization, and preparation of your file

-Meet with CPA and/or Staff Accountants to discuss client issues as they are identified

-Communicate with the client to acquire information necessary to complete work

-Communicate with client’s vendors and customers as necessary

-Prepare work papers to support the financial statements.

-Provide general consultation to the client as required (Hourly rate varies depending on consulting needs. i.e.: QuickBooks Consult @ $150 / Hour)

 

CPA Time billed at $200 - $250 / Hour

 

-Review of Month End / Quarter End Reports

-Create tax accruals and review overall financial data

-Meet with Admin/EA and/or Staff Accountants to discuss client issues as they are identified

-Provide consultation on various tax and accounting issues by phone and in the form of periodic meetings, emails and other correspondence.

-Typical consults will cover topics related to the general health and wellbeing of the company and the client’s overall financial situation as well as developing the rest of the accounting process around those results.

-Provide Real Estate transaction consultation services related to issues of taxation and provide related accounting services.

-Work with client’s attorneys, financial advisors, and other counsel to address issues as they arise.

-Communicate with state and federal agencies on behalf of the client.

 

Flat Fee

 

Flat fee services are always available. Determining a flat fee is not an overly complicated process. We look at how much time we think the job will take, increase that by a rate of potential error and then review our time as we move forward against the flat fee that we have charged. Typically, an hourly billed client will pay less for accounting services, however, we understand and appreciate the value of foresight.

 

Ask about our flat fee full service arrangements that relieve you of all duties accounting related so that you can concentrate on the growth of your business!

 

-Full cycle bookkeeping including all reconciliations, adjustments, and closing cycles
-Asset management

-Monthly, quarterly, and annual financial statements
-Payroll solutions and management

-W2 & 1099 issuance
-New employee and contractor paperwork
-Tax return preparation and filing

These packages typically range between $200 - $15,000 / month depending on the complexity and anticipated time allocations.

 

 

 



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Image of GRIFFIN Tax Logo for GRIFFINTax.com
Image of GRIFFIN Tax Logo for GRIFFINTax.com