Issue With CPA Fees

Dingdong | Apr 25, 2022 | 22 posts since 2021

Hi,

I'm am a small business owner. Finish filling 2021 tax returns. Got a invoice from CPA for $2500. Last year paid $1500 for the same work. During entire last year never once mention raising price and suddenly this year hit with $2500 bill. Had a brief conversation. His explanation is everything is going up that's why he is raising his price too. I can understand the prices have gone up but not like the way he has billed. No contract or retainer signed with CPA

He is threatening me to report to collection if I paid anything less than $2500.

Any advice or suggestions on how to handle the issue? Any organization or govt. agency to file the complain?

Again thanks in advance to everyone.

Post an answer

Answers

CuriousDave | May 14, 2022 | 233 posts since 2018

If there is no contract, neither you nor the CPA can enforce it legally.
If the work done by the CPA was not much different from the work done in the prior year, consider filing a complaint with your state’s Board of Accountancy for grossly overcharging as a violation of professional ethics. Also consider filing a complaint for violation of ethics with the AICPA (American Society of CPAs).

Choice | May 14, 2022 | 937 posts since 2020

Please tell us why there is a possibility of no contract when the tax info was provided to CPA and a return was filed? Volunteer?

milty | May 14, 2022 | 1,676 posts since 2018

Get some other local estimates for comparable work. If close, pay and move on. If not, use estimates to negotiate the charge. If not negotiable, dispute the charge with whomever, and go to small claims if necessary.

enduser | May 15, 2022 | 711 posts since 2015

From an online search I keep seeing... "Neither the Board nor any other state or federal agency has the authority to regulate fees."

It looks like CPA's are free to charge as they please. Public shaming seems to work wonders, as it can impact his future business.

Choice | May 15, 2022 | 937 posts since 2020

Only (really?) if “you’re“ right! Dave what do u think?

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.