What is a typical billing rate for a CPA with the big 4?
Thursday, August 27th, 2009 at
3:30 am
I am a CPA and looking for some support on my own billing rates. I am much less than them, but have low overhead.
I have about 12 years’ experience and am on par as far as experience and ability as those from Big 4. (I have worked with many peers from Big 4, on the company side of audits and certain deals). Honestly, I am not being cocky, but I know my abilities.
Tagged with: audits • billing rates • CPA • peers
Filed under: CPA
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Hard to answer without knowing where you live and what level to compare against. I can tell you that Big4 firms in Los Angeles have unbelievable billing rates but end up writing off 40-60% of them in the end. Realistically, can you support a tax person with three years of experiance billing $425 an hour? Billing rates are a poor yardstick.
What you should consider is working backwards. Ask yourself how much you want to make and how many billable hours you realistically expect to have in a year (be conservative). Division gives your rate.