How much do you pay your CPA, and where?

Question

Wondering how much folks pay their CPA (both hourly and total), and where are you located?

My CPA's rate went up this year from $395/hour to $595/hour. This is in San Francisco

Gabe C. · Answer

@Harman N. I live in San Francisco and had the same thing happen last year. My previous CPA also didn't really specialize in REI and I found myself explaining things to him sometimes. I switched to someone on the other coast for $80/mo who specializes in real estate. The cost is actually much steeper, but the monthly setup allows me to access him whenever something comes up, not just around tax time. I haven't gone through a full year yet or finished my returns, so I can't yet say whether the extra cost is worth it, but so far I've had a bunch of things come up and it has been nice to know I have someone there whenever I need help. The distance thing isn't an issue since all files are digital anyway. It's actually more convenient. Something to consider.

Erik Hanson · Answer

I think you will find a ton of different responses to this question because most people on here use their CPA for different things. I use my CPA for my both my full time business and my REI business and he get my book keeping, payroll, and tax prep business so I pay a monthly fee. The guy is a little expensive but VERY good and because I use him for a number of different products I do get a rather significant discount off his normal hourly rate.

Erik

Art M. · Answer

That sounds pretty steep. I work with @Daniel Hyman and he's great. Everything's done remotely. Very knowledgeable. Very easy to work with.

Gabe C. · Answer

@Harman N. Found him through a referral from someone on BP. We've had a few phone calls initially, but it's mostly email. I think there's a decent sized skype coming up for returns review. Usually, I'm working on a deal or trying to reorganize something and I shoot him some questions. He gets back to me asap. I haven't really needed deeper communication than email.

Harman N. · Answer

@Gabe Cinquepalmi - interesting. How did you find this CPA? Through a referral? How have you communicated with him throughout the year - email, phone, or video?

How much do you pay your CPA, and where?

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