Discussion:Compensation for temporary inexperience tax help
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| {{ForumReplyPost|UserID=DZCPA|Date=8 January 2006|Text=We pay $50 an hour for over 10 years EA or CPA experience. These preparers prepare returns completely with very minimal review. They take at the most 1/2 to 1 hour to prepare a mail-in individual return. Billing about $300 leaves a nice profit and brings the preparers back each tax season. | {{ForumReplyPost|UserID=DZCPA|Date=8 January 2006|Text=We pay $50 an hour for over 10 years EA or CPA experience. These preparers prepare returns completely with very minimal review. They take at the most 1/2 to 1 hour to prepare a mail-in individual return. Billing about $300 leaves a nice profit and brings the preparers back each tax season. | ||
| How about $15 - $25 in your case. I would evaluate their speed and mistakes to adjust their after a few days. I do highly suggest paying more and getting a highly experienced person or retired CPA to work for you. Reason 1. Being retired, he is not thinking about expanding his client list for the future. 2. The more complete the returns are, the easier tax season will be for you and the more time you will have available for the walk in clients.}} | How about $15 - $25 in your case. I would evaluate their speed and mistakes to adjust their after a few days. I do highly suggest paying more and getting a highly experienced person or retired CPA to work for you. Reason 1. Being retired, he is not thinking about expanding his client list for the future. 2. The more complete the returns are, the easier tax season will be for you and the more time you will have available for the walk in clients.}} | ||
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| + | {{ForumReplyPost|UserID=Anuenue|Date=8 January 2006|Text=You have to look at her experience. Your header says she is inexperienced but your question says she has basic tax experience. I would look at what she can do on her own. My assistant inputs client information and can do 1040EZ, 1040A and the forms that go with it. She does sign the returns or use her own PTIN. | ||
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| + | The returns she does are then transferred into my computer where I review them and e-file them. She handles the phone calls, copies all client papers to pdf, puts the client packet together after printing, does the address labels, mailing, the deposits and anything else in the office that needs to be done. This all frees me up to concentrate on doing the returns without much interruption. | ||
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| + | I paid her $7. an hour last season. She is an independent contractor, who sets her own hours. Even though she works in my office she does so without supervision. I leave it to her to decide the priorities of her work, which she does to my satisfaction. She took the basic tax course this season and as she gains knowledge I will raise her hourly wage accordingly. | ||
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| + | You might be interested in knowing that Block pays minimum wage and a very small percentage of the prep fee. (Less than $10. an hour). Talk about a sweatshop and their new preparers are expected to take any complexity of return that comes in. | ||
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| + | Hope this helps, Anuenue | ||
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| + | }} | ||
Revision as of 22:13, 8 January 2006
Discussion Forum Index --> Tax Questions --> Compensation for temporary inexperience tax help
| 7 January 2006 | |
| What is the average(estimated) compensation I should pay a new employee for inputing clients tax data for tax preparation. The new employee has basic tax experience. | |
| 8 January 2006 | |
| We pay $50 an hour for over 10 years EA or CPA experience. These preparers prepare returns completely with very minimal review. They take at the most 1/2 to 1 hour to prepare a mail-in individual return. Billing about $300 leaves a nice profit and brings the preparers back each tax season.
How about $15 - $25 in your case. I would evaluate their speed and mistakes to adjust their after a few days. I do highly suggest paying more and getting a highly experienced person or retired CPA to work for you. Reason 1. Being retired, he is not thinking about expanding his client list for the future. 2. The more complete the returns are, the easier tax season will be for you and the more time you will have available for the walk in clients. | |
| 8 January 2006 | |
| You have to look at her experience. Your header says she is inexperienced but your question says she has basic tax experience. I would look at what she can do on her own. My assistant inputs client information and can do 1040EZ, 1040A and the forms that go with it. She does sign the returns or use her own PTIN.
The returns she does are then transferred into my computer where I review them and e-file them. She handles the phone calls, copies all client papers to pdf, puts the client packet together after printing, does the address labels, mailing, the deposits and anything else in the office that needs to be done. This all frees me up to concentrate on doing the returns without much interruption. I paid her $7. an hour last season. She is an independent contractor, who sets her own hours. Even though she works in my office she does so without supervision. I leave it to her to decide the priorities of her work, which she does to my satisfaction. She took the basic tax course this season and as she gains knowledge I will raise her hourly wage accordingly. You might be interested in knowing that Block pays minimum wage and a very small percentage of the prep fee. (Less than $10. an hour). Talk about a sweatshop and their new preparers are expected to take any complexity of return that comes in. Hope this helps, Anuenue | |
