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Accounting. Audit and Tax
 CPAnet Forum : Accounting. Audit and Tax
Subject Topic: Taking on two clients this year (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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USCcpa
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Joined: 12 Oct 2009
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Posts: 56
Posted: 07 Jan 2010 at 03:41 | IP Logged  

I wanted to get some input from some of the more seasoned folks who have their own CPA practice.  I've passed the CPA exam in Dec and should have my CPA license by early March at which time I will be starting my own CPA practice focusing on small business owners.  My experience consists of 4 years at a Big 4 CPA firm along with 6+ years in banks and an MBA.

I have two small business owners that will essentially have my as their "on-call" CPA/CFO/Controller which will include doing their taxes and handling being the point person with their lenders on get new loans.  Would the best idea for doing their 2009 tax returns by starting to review their previous tax returns?  Both clients have communicated to me that they would prefer a flat fee structure.  What are some basic flat fee structures for completing tax returns, compiling quarterly/annual financial statements, providing managerial input, handling the lending responsibilities?  

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