How Much Does a CPA Firm Cost?
One of the first questions that a business owner asks is: How much does a CPA firm cost? Although this is a difficult question to answer, we will do our best. As you can expect, your fees can range greatly based on the nature of the services you need, among other factors.
The purchase of a CPA firm’s services should not be taken lightly. While the price you pay is important, even more important is the value you should expect to receive. We believe that the following are key components of making your decision:
1. Is the firm responsive? Do they measure client satisfaction and responsiveness?
If you aren’t looking for any of the above, you can probably go with the lowest cost provider.
However, if you are looking for a relationship that can deliver on the six elements above, then who you pick is important and that firm will not be the lowest cost provider, but you will get value for your fees.
How much you pay the CPA firm starts with the quality of your internal accounting team. If they are good, you can expect to pay the CPA firm less as the CPA firm is starting with good information.
Other factors to consider:
How formal do I want my relationship to be – should I have formal meetings or is once or twice a year good enough? Do I want timely advice from my CPA? (this usually means getting into a habit of sharing goals and financial information on a periodic basis)
While this list isn’t all inclusive, we have generally found that these are the most important considerations.