Re: Consultant Fees Gregory K. Schmidt (08 Jun 2012 19:54 EST)
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Re: Consultant Fees
J. Michael Slocum
(08 Jun 2012 21:08 EST)
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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] > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.healthresearch.org (click on the > "LISTSERV" link in the upper right corner) > > A link directly to helpful tips: http://tinyurl.com/resadm-l-help >====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.healthresearch.org (click on the "LISTSERV" link in the upper right corner) A link directly to helpful tips: http://tinyurl.com/resadm-l-help ======================================================================