Okay, let’s calculate Jim’s rate. As a CPA with extensive experience in tax, financial reporting, and auditing, he’s in high demand. According to the Bureau of Labor Statistics, the median annual salary for accountants and auditors in the Baltimore area is around $74,000. However, CPAs with specialized skills like tax and corporate tax can command higher rates. A common range for CPAs in this field is $100–$200 per hour. Considering Jim’s expertise and experience, I’ll estimate his rate to be around $125 per hour, which is slightly below the higher end of the range but still reflective of his value to clients.