Are there cheaper accountants than Black & Krantz?
The only ones that are cheaper are the one-person operators working from home. However what you get is simply a bookkeeping service and he/she will be unable to provide strategic solutions to particular problems. He/she will not have the resources to keep at the cutting edge of tax changes. What you save is a few dollars in Accountant fees could cost you thousands in lost tax benefits and the benefits of an integrated service. Like most other businesses, to be in business you must make profit, the average net profit of Accountancy firms is around 20%. Therefore if the client receives an account for $1,000, the net profit on the job after wage costs, rent, insurance etc is $200.00.
