I need your feedback. I am preparing for my first tax season as I have expanded my business. I noticed a few companies charges a flat rate or an hourly rate.
Scenario, a client has a simple tax return (i.e T4, RRSP, Donations) that would normally take half an hour to complete. Charging a flat rate of $120 versus charging an hourly charge of $150 x .5 = $75. I would think the flat rate is better as you have a higher income.
What are your thoughts? I am trying to weight the pros and cons of charging a flat rate versus by the hour.