Types of Fee Structures

CPAs typically use one of the following fee methods:

• Hourly Rates: This is common for ongoing consulting or complex projects. Expect rates from $100 to $500+ per hour, depending on the factors mentioned above.
• Flat Fees: Some services, like basic tax preparation, may have fixed fees. This offers predictability but be sure you know exactly what the fee covers.
• Value-Based Billing: Some CPAs price work based on the value it delivers to your business, rather than just time spent. This can be more common in strategy-focused advisory work.

Certified Public Accountants (CPAs) offer essential financial expertise for individuals and businesses. Whether it’s tax preparation, auditing, or strategic financial consulting, CPAs help ensure financial health and compliance. But what are the costs associated with hiring a CPA?