Outsourced accounting firm missed $14k in deductions, in-house caught it in a day

We hired a big regional firm for our B2B bookkeeping last year, thought we were saving money. Paid them $1,800 a month for six months. When our CFO left, I pulled the records myself and found they never classified our software subscriptions as R&D expenses. That alone was worth $14,000 in missed deductions. We switched to a smaller local accountant, someone who actually visits our office. In one day she found three more errors they'd made. Has anyone else had a big-name vendor do worse work than a solo operator? I'd rather pay more per hour for someone who knows our actual operation.

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1 Comment

phoenix_singh258d ago

Hard to know if the big firm just skimmed or if they never really looked at your business.