The problem you have here

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Jan 7, 2021
11:04:56am

Archaea Truly Addicted User

The problem you have here

is the foundational costs exceed what you want to spend. Those fees are not unreasonable but perhaps a buddy will do it more cheaply.

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Archaea

Bio page: Archaea
Joined: Mar 28, 2001
Last login: May 3, 2024
Total posts: 93,734 (3,089 FO)

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Messages

Author

Time

Hey accountants- what’s a reasonable fee for handling the financial statements and taxes of a small HOA

cheezedawg medium

1/7/21 11:01am

The problem you have here

Archaea

1/7/21 11:04am

Thanks that’s what I’m asking. If it’s reasonable then it’s reasonable.

cheezedawg

1/7/21 11:29am

IMHO, it sounds reasonable to me.

Archaea

1/7/21 11:47am

Why not do it yourselves? I'd probably pay him for your taxes but load data into quickbooks and generate financials from

Pimpin4Paradise

1/7/21 11:06am

The expenses should be so limited, most of us could prepare the financials.

Archaea

1/7/21 11:08am

CA law requires they be done by a CPA

cheezedawg

1/7/21 11:24am

Well there's your problem, you're in California.

Archaea

1/7/21 11:25am

% of income is irrelevant. I still charge a fee when the client has a loss

dratax

1/7/21 11:07am

I think he's trying to question the volume of $ vs accounting fees.

Ragnar Danneskjold

1/7/21 11:15am

Does not seem like high fees for an HOA

JOPE

1/7/21 11:16am

Unreasonably high. Find new accountant

Babyboy

1/7/21 11:25am

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