11/23/2022
If you think outsourcing is expensive, then you need to know how much self-bookkeeping & imperfect Tax fillings cost you:
You have a total of 2,080 working hours in a year. ⏱
The value of one hour for a small business owner is around $60 dollars.💰
As the owner is not an accounting specialist, he will spend an average of 35.25 hours in a month managing his accounting books, which means he is losing 60X35.25= $2,115 each month by doing his own accounting. A total of $25,380 yearly is a REALLY HUGE number for small businesses. If you will hire a CPA, he will, on average, will charge $600. It means you are losing $18,180 in addition to your peace of mind.
If you will hire a tax preparer who is not a CPA, you will be saving approximately $1,500 in a year. However, your personal and business tax handling will be exposed to a number of risks:
1- Overlook of important deductions
2- Incorrect treatments and penalties from IRS
3- Loosing $60 dollars per hour in guiding him exhaustively
4- Missing tax refunds and credits
5- Missing optimal tax planning
6- Misinterpretation of updates issued by the IRS
Outsource and Outsource it right
We offer bookkeeping and Taxation services at a price unbeatable. Our prices are guaranteed less than what you are paying.
Hire a CPA today. Contact at [email protected]