Re: Consultant Fees Gregory K. Schmidt (08 Jun 2012 19:54 EST)
Re: Consultant Fees J. Michael Slocum (08 Jun 2012 21:08 EST)

Re: Consultant Fees Gregory K. Schmidt 08 Jun 2012 19:54 EST

A consultant fee is no different than salaries in concept.  A consultant provides intellectual services specialized such that your institution would not normally retain on full time payroll.  Ask him if his paycheck is profit to him.

Gloria Greene <xxxxxx@UAH.EDU> wrote:

>I have a dilemma and need some help/clarification with a situation.
>
>
>
>My CFO believes that a consultant’s fee is “profit.”  I disagree with him.
>I believe that a fee for services is not a profit, and should therefore not
>be classified as profit.  His position is a consultant and vendor are one
>in the same and therefore any money made is “a profit.”
>
>
>
>I told him that comparing a vendor to a consultant are the same as
>comparing apples and oranges.  They are not the same.  The consultant
>provides a services the vendor provides a commodity (item, materials,
>etc).  These are not the same.
>
>
>
>Can someone help me!  If I am wrong, then please let me know that as well.
>I view help as setting me straight and educating me.  If you can provide me
>with any written guidance on this matter to further make my case that will
>be welcomed as well.
>
>
>
>I appreciate this group and its insight.
>
>
>
>Regards
>
>
>
>*Gloria Greene, MA, CRA*
>
>Director
>
>UAHuntsville, Office of Sponsored Programs
>
>SRA-Alabama Chapter, *Vice President-Elect*
>
>301 Sparkman Drive, VBRH E26
>
>Huntsville, AL  35899
>
>Voice: (256) 824-2657
>
>Fax: (256) 824-6677
>
>Email: xxxxxx@uah.edu
>
>
>
>*"The person who knows 'how' will always have a job. The person who knows
>'why' will always be his boss."   -- Diane Ravitch*
>
>
>
>*Please do not print this email unless necessary.*
>*Take Charge,* *Go GREEN!*
>
>[image: yep]
>
>
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