Kimberly
I've used Kilgore for my business and personal taxes for the past 3 years, and don't recommend them. Last year I was selling my business and met with Randy in July 2024, to get an estimate on how much capital gains could be. When I arrived, Randy was not prepared and "asked why I was there?" I told him I was selling my business (for approximately $2M) and need help planning for capital gains. Randy quickly tells me "he’s a numbers guy, and not comfortable with hypothetical numbers". But, THAT was the purpose of our meeting! He spent more time thumbing through a Business Valuation book, trying to find a multiplier, to estimate my business's worth. He recommended Rogerson Business Services to do an appraisal and get back to him with their estimate, which I did. I received a bill for $438 for 1.25 hours, which I paid. I emailed Randy with their estimate and he replied with a total estimate for capital gains, but no information on depreciation recapture, or breakdown of state and federal or tax bracket percentages. When I asked for more information, he sends me an email with a web link for 2022 federal taxes, so I can calculate it myself. Early October, I get 2 more bills! $875 for 2.5 hours of his time "preparing estimate of tax resulting from sale" and $88 for "generating tax calculation worksheet and email" I emailed Randy disputing the charges, but never heard back from him. When I received a past due notice in November 2024, I emailed Katie disputing the charges. I don't mind the initial $438, but thought the extra $963 in charges was excessive. If Randy had given me the original estimated information I requested at our initial meeting, there would have been no need for additional charges. For comparison, at the recommendation of my Real Estate Agent, I met with another CPA and Business Consultant. I spent 1.25 hours in his office, where we reviewed and filled out actual on-line State and Federal IRS forms for Capital Gains. He came up with similar Capital Gains numbers that Randy had calculated, but ONLY charged me $250 for 1.25 hours of his time. In December 2024, I received an email from them, terminating our relationship. Apparently, I no longer fit in with "the future direction of their practice". Thank you, one less thing I had to do! :)
