“A person’s worth in this world is estimated according to the value he puts on himself.”
- Jean De La Bruyere -
Well-run tax peparation firms have minimum fees because they have calculated their break-even price points, the point below which they lose money by gaining clients.
Poorly run firms, on the other hand, pay no attention whatsoever to the costs associated with providing a particular tax preparation or tax advisory service. Consequently, they struggle to make a profit, and, instead of doing the smart thing and reevaluating their own pricing strategy, they attack those who are making a profit by accusing them of gouging their customers.
The cynical and silly assumption, of course, is that anyone who charges more than they do is charging too much. The thought never enters their narrow minds that they may be charging too little.
Perhaps if they had the letters C, P and A after their names they’d do a better job of managing their operations.
Any serious tax advisor who places such a low value on his own knowledge, experience and quality of services deserves to get paid less than $68 for a tax return.
With the exception of those tax preparers who operate out of Port O Lets, it costs more than $68 just to open up a file.
1 response so far ↓
1 AspiringCPA // Feb 1, 2010 at 2:23 pm
Why are they complaining anyway?…its not like it takes longer than 10 minutes to diregard the client data, insert standard deduction, and e-file…which is what half of these people are doing. At 6 returns an hour X $68=$408….even at half that they should be able to squeeze a profit.
Leave a Comment