We Are
Fee Structure
After working with not-for-profits for almost 20 years, there is one item that seems to always get a lot of attention when it comes to selecting a service provider--fees! Accounting firms in general try as hard as they can to differentiate themselves from the competition and tell you that a service provider is not just a commodity. They can sell you all types of bells and whistles that their firm can do in hopes that it makes a difference and you select their firm. All that is great if you are a large company, but in our experiences, our not-for-profit clients want to save as much as they can and lower the cost of their audit, tax, and bookkeeping so they can further their missions.
​
Check it out! Compare audit costs for an organization, then let us ask you one question:
​
​
​
​
​
​
The big question... Is there a difference?
​
We all have to follow the exact same standards. We all have the same peer review, same certifications, and at the end of the audit you have the same report.
​
We are very proud of our fees. We believe that we can deliver a higher quality product for a lower rate for most organizations. On average, our clients save 40% from Big 4 firms, 25% from national firms, and about 10% from local firms.
Service quality is ALWAYS tops
​
We are able to provide lower rates as we only serve not-for-profits, and this knowledge and experience allow us to understand our clients better and lower our hours on the engagements. We also have a much lower rate per hour than most other firms. Why should not-for-profits pay for a partner's high six figure income or fancy downtown office space? We understand that saving you even $1,000 helps your organization move forward. Maybe you can use that extra money to provide more cancer treatments, kids backpacks, or additional scholarships. The key is we understand the pains that not-for-profits go through to earn their funding. We are not a giant firm with goals to make the top partners Richie Rich. We want to be your partner.
Pricing: Most firms have a basic pricing structure where they quote a single fee for the audit and tax work. This model has worked over the years, but in our experience, clients often asked how can we lower the fees. Being a not-for-profit only firm, we understand that your hard-earned dollars have a much better use than on compliance items.
Size of Accounting Firm Typical Audit Fees
Savings with TBFoster
Big 4 $100,000
Large Mid Tier $80,000
Local $70,000
40%
25%
10%
Now you have options
Platinum
Audit
Something similar to the audit service you have had in the past.
We have a team in the field for a number of days and get the work done during your normal business hours. We provide you with a list of client request items for you to complete and provide before we start the audit.
With your help in providing audit assistance, we can actually lower your audit fees significantly without jeopardizing quality, and keeping our service above your expectations.
Diamond
Audit
This is a hybrid. Its perfect if you like the idea of a remote audit but you just are not quite sure if it will work for you.
Where the audit is done mostly remotely. With the technology we have today we don’t need to sit at your office for days asking you questions. We can be at our own locations and you can answer our questions when it is convenient to you. We might have a team out at your location only for a few days.
The diamond level saves you an additional 5% off your fees.
Gold
Audit
Save money on fees and go remote!
This audit is done 100% remotely and we provide you templates that all the request schedules must be in. Not having our team at your location saves you and our team hours each week during the audit. Providing the request schedules in the order that we need them helps us cut our hours down in producing schedules and we pass that reduced time on to you. .
The Gold level saves you an additional 10% off your standard fees
