Capital Tax offices opened for tax season January 14, 2013, however they have not released payroll, neither hourly or commission to their tax preparers in over a month of employment. Originally the promised all preparers and admins that they would be paid hourly weekly (only $8-$10 hr.) and commissions bi-weekly (only $25-$50) per return.
From the beginning they changed payroll companies, which gave them their first excuse, and changed their obligation from weekly hourly pay to bi-weekly along with commission payments. Next, they blamed it in IRS delays and errors. They have no problwm with using employees which they constantly threaten about performance, but do not pay. They have no regard for people with family and bills, and who drive to the office to work daily spending gas and lunch money.
Keep in mind that the average tax prep. fee is $500 not including additional bank processing fees of $120+. [continued below]....
..... Their total fees can easily exceed $700-$800 on the regular. These things are not told to preparers, as they rush them into the field to find clients, usually personal friends and family, with little or no walk-in traffic.
In fact, their fees actually increase without warning, and tax preparers knowing. Maybe this is why they target unexperienced and nuave tax preparers who don't know much about the industry and have nothing to compare to. The reality is the business only comes from preparers who go find business, but only receive at most $50 a return. The remaining $450-$750+ goes to Capital Tax and its partners. The Capital Tax business model is greedy and misleading, and they have the nerve to not pay their workers either by continually blaming the IRS or their payroll company.
This company needs to be exposed as well as their questionable practices. They have no place in business and they give the tax industry a black eye. Please expose them and get the word out.