Can Pierian give an example of savings I can achieve by using Pierians services for my tax preparation work?
Typically Pierian saves you over 60% of the cost of tax preparation. Here is a example which illustrates the savings one could achieve by outsourcing tax preparation to Pierian. Assume a professional staff earns an average annual salary of $45,000 with an additional 20 percent for payroll tax and benefits. Most staffers would be billable for 70 percent of the time, giving them 1,400 billable hours per year. This means their direct salary cost per billable hour is approximately $38 ($54,000 divided by 1,400 billable hours). To this must be added such costs as employee recruitment and training, along with the cost of equipment and other overhead. These items can amount to another $10,000 per year, which adds about $7 per billable hour in expenses ($10,000 divided by 1,400 billable hours). This makes the total cost for one professional staff person with one workstation at about $45 per billable hour. It is estimated that on an average the tax input and preparation time of 4.5 hours,. part
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