Contract Work Rates (Hourly)
What are the typical hourly rates for contracted bookkeeper/tax work for CPAs in medium-cost and high-cost living areas? Specifically, I’m interested in rates for those with 5-10 years of experience handling basic S corps and partnerships.
One response
The typical hourly rates for contracted CPA work, especially for those with 5-10 years of experience in Bookkeeping and tax preparation for S corporations and partnerships, can vary significantly based on the cost of living in the respective area.
Medium Cost of Living (MCOL) Areas: In these regions, you can expect rates typically ranging from $50 to $100 per hour for contracted CPA work. Rates may be on the lower end for straightforward Bookkeeping and tax returns and higher for more complex consulting or compliance work.
High Cost of Living (HCOL) Areas: In HCOL regions, rates usually escalate to between $100 to $200 per hour due to the increased demand for skilled professionals and the higher cost of living. In some urban centers or specialized markets, experienced CPAs may charge even more, especially if they have niche expertise.
It’s always beneficial to consider the specific market demands and average rates in your geographic area, as well as the complexity of the services provided. Networking with local professionals or consulting job boards can also help gauge current rates.