How Much Should A CPA Charge For A Business Tax Return? (with Roger Knecht)

In this episode of the Accounting Podcast, Blake and David talk to CPA Roger Knecht about how much CPAs should charge for business tax returns. They also touch on the latest news, including Hunter Biden's plea deal for tax charges, the Pentagon overestimating supplies sent to Ukraine by $6.2 billion, and the SEC charging Marcum with quality control failures. They also dig into sports gamblers losing more money as parlays gain popularity, Roger's five pricing strategies, and AI in accounting.  Sponsors

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Chapters

(00:23) - Preview: CPAs are pricing themselves too low

(01:13) - Welcome Roger to the show and a little background on what he does

(03:20) - What topics we'll cover in this episode

(04:25) - Hunter Biden takes plea deal in tax charges

(09:20) - Pentagon overestimates supplies sent to Ukraine by $6.2 billion

(12:27) - Who will win: Elon Musk vs Mark Zuckerberg

(16:07) - CPA Ontario and CPA Quebec sever ties with CPA Canada

(20:56) - The SEC charges Marcum with quality control failures

(31:52) - Yahoo Finance article on how much people should expect to pay for a CPA

(38:33) - Sports bettors losing more money as parlays gain popularity

(43:59) - Roger's 5 pricing strategies

(48:53) - Some updates on AI in accounting

(57:18) - Wrap up and where to reach Roger

Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com

Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe Meet Our Guest, Roger Knecht:

Website: https://universalaccounting.com/

LinkedIn: https://www.linkedin.com/in/rogerknecht/

Twitter: https://twitter.com/universalacct

Facebook: https://www.facebook.com/universalaccountingschool

Instagram: https://www.instagram.com/rogerknecht/

Show Notes Even by the standards of billionaire-versus-billionaire tiffs, the proposed cage fight between Elon Musk and Mark Zuckerberg stands out     https://www.wsj.com/articles/elon-musk-mark-zuckerberg-cage-fight-b71fa4ff   Marcum, the SEC said, audited nearly half of the roughly 860 SPAC IPOs in 2020 and 2021. The firm agreed to pay the SEC $10 million in fines for widespread failures in its audits.           https://www.wsj.com/articles/marcum-to-settle-sec-pcaob-claims-over-widespread-failures-in-spac-audits-bb8f3d48   Accounting Mistake Caused Pentagon to Overestimate Cost of Weapons Sent to Ukraine by $6.2B - CPA Practice Advisor https://www.cpapracticeadvisor.com/2023/06/21/accounting-error-caused-pentagon-to-overestimate-cost-of-weapons-sent-to-ukraine-by-6-2b/81322/   I'm a Small Business Owner. How Much Will a CPA Cost Me?          https://finance.yahoo.com/news/im-small-business-owner-much-130149992.html   4 in 5 Australians want PwC banned from new government work  | Accountants Daily        https://www.accountantsdaily.com.au/regulation/18685-four-in-five-australians-want-pwc-banned-from-new-government-work   CPA Quebec, Ontario bodies sever ties with national organization https://financialpost.com/fp-finance/cpa-quebec-ontario-sever-ties-national-organization   Hunter Biden expected to plead guilty to tax-related misdemeanor crimes as part of a plea agreement        https://www.nbcnews.com/news/amp/rcna90144   How much did Congress lose by defunding the IRS https://www.washingtonpost.com/opinions/interactive/2023/irs-enforcement-costs-congress-funding/   Parlay bets are becoming a bigger part of online sports betting—which is good news for the house               https://www.wsj.com/articles/sports-better-win-lose-ddcaae24   BDO to Convert to a Corporation, Replacing US Partnership (2) https://news.bloombergtax.com/financial-accounting/bdo-to-convert-to-a-corporation-replacing-its-us-partnership   New bookkeeping platform Thriday says AI is on its way to save you from taxes and accountants https://stockhead.com.au/tech/new-bookkeeping-platform-thriday-says-ai-is-on-its-way-to-save-you-from-taxes-and-accountants/   CLA launches high school summer intern program              https://www.accountingtoday.com/news/cla-launches-high-school-summer-intern-program   Jeff Seibert, CEO and Co-Founder of Digits – Interview Series          https://www.unite.ai/jeff-seibert-ceo-and-co-founder-of-digits-interview-series/   KPMG's Banking Troubles Give Accounting a Black Eye (Podcast) https://news.bloombergtax.com/daily-tax-report/kpmgs-banking-troubles-give-accounting-a-black-eye-podcast   Digits AI Debuts as World's First Secure, Accurate, Business Finance AI https://www.prnewswire.com/news-releases/digits-ai-debuts-as-worlds-first-secure-accurate-business-finance-ai-301857407.html   Pentagon's Ukraine ac...