IPA Business Consultants Complaint - IPA provides puff instead of results
IPA Business Consultants advance themselves as specialized consultants promising a pay back in cost savings in two to three years. Basically they have a swarm of sales people descend to sell canned programs discussed as individualized consulting. They promise lifetime support but in reality when you stop paying for each new consulting contract they are constantly trying to sell you, they disappear. Our company spent tens of thousands dollars to help upgrade our antiquated accounting system. In the end I had to discard all of it because they just did not understand our business operation and would not work. After 5 months of working every night for 5 months (with a very pissed off wife) I implemented a Quick Books system on my own that finally worked accurately and provided timely results needed to. Their magic solution to cash flow was to buy everything on credit card (another several thousand dollar consulting fee for such magnificent advice) .Their tax minimizing consulting contract (another several thousand dollars was to set up a group of various corporations to move money around. But to implement here plan they no wanted another consulting contract and another contract for them to provide the legal work. Of course, if the tax authorities challenged such moves, they could get more legal fees. At this point I had enough. By using an excel sheet and their numbers for savings, there was no payback. The basic tax planning books available at Barnes and Noble (cost under $50.00) gave me far more knowledge than the thousands spent with IPA tax planning. If you have a retirement plan, they want to charge for another consulting contract to evaluate your finances and then they want you to hand over the investment decisions for even more fees. Schwab or Fidelity will give you the same evaluation for free and their investment fees are far lower. I do take responsibility for being naive enough to originally believe there line of puff and not doing a thorough and independent investigation before contracting their services. Most of what they offer can be obtained from SCORE for little or no charge. If you ever consider hiring any business consulting firm, thoroughly investigate and use several independent sources. Or better yet use the sources I listed above. I have a learned a very expensive life lesson and risked my company’s future with these clowns.