For your financial world
Michael D. Young MBA, CPA 

5 to 20% Savings

 

 
Suppose you are looking for a "hands on" bookkeeper/accountant to keep your company books, produce financial statements, run payroll, and complete government reports as requested by management. You are presently willing to pay $40,000/year for this employee..

As you are probably aware, there are additional costs to be considered when analyzing the expense of employing this bookkeeper/accountant. The table below begins to summarize these additional expenses.

 
Itemized Expenses - Estimated

Salary/Annual Wage or Contract
FICA @ 7.65%
State Unemployment Insurance @ 1.6% on first $8,000
Federal Unemployment Insurance (FUTA) @ .8% on first $7,000
Health Insurance, Cafeteria Plan
Workman's Comp Insurance
Office Equipment, Software, and Supplies

Total Cost of Bookkeeping/Accounting Services

Savings to your company by contracting Michael D.Young CPA

 

 Company
Employee
$40,000.00
    3,060.00
       128.00
         56.00
    3,000.00
       175.00
    1,000,00

  47,419.00

$  7,419.00

 

 Michael D.
Young, CPA
  $40,000.00
 
 
 
 
 
 

   40,000.00
 
 

 

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