Average cost for REI CPA/Tax Accountant?

[Adam Mathews]

We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for someone to take over and have been getting quotes as high as $1,200/WEEK for annual tax filings including some book keeping and payroll for 2 entities. (No strategy calls, or advice meetings/etc)

Are these the normal rates for the NYC area?

I appreciate any feedback or comments, thank you.

[Sammy Habbaz]

Quote from @Adam Mathews:

We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for someone to take over and have been getting quotes as high as $1,200/WEEK for annual tax filings including some book keeping and payroll for 2 entities. (No strategy calls, or advice meetings/etc)

Are these the normal rates for the NYC area?

I appreciate any feedback or comments, thank you.

I'm located in NYC and just the tax filings I would charge 3,000 which is about 1900 a week. Then bookkeeping would be a separate charge of 250 an hour but probably won't take long if it's for only a few entities. 

Advisory services would be separate and again would be 250 an hour. Hope that puts things into perspective.

Out of curiosity what type of strategy calls and advice meetings are you looking for?

I also think you should consider that you were with your CPA for 40 years. Chances are he was under charging you (even if he did raise his rates once in awhile). 1,200 a week is even cheap for today's rates. I would be careful paying too low of a price on a CPA.