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,. partner/manager
review time of 2.0 hours and administrative
time of 1.25 hours.
There fore the cost to prepare the tax work
papers and input the clients’ data, averages
$202.50 per return. ( $45 per hour X 4.5 hours).Pierian
can prepare tax work papers and input in average
cost of $75.A savings of over 62% |
