how many clients would we lose on 10% increase?

Software. Marketing. Training. Running your business.
#1
Posts:
397
Joined:
13-Sep-2014 1:26pm
Location:
New York
hi all, I know its not an exact science however for every 100 clients we raise this year at 10% (let's say average fee is $500 and raised to $550) how many clients should i (would you) anticipate losing due to the fee increase? thanks!
 

#2
Posts:
2933
Joined:
21-May-2018 7:50am
Location:
Northern MI and Coastal SC
Over $50 increase on a $500 return? None, especially since I tend to bump returns up 5-10% annually.

Now if a $300 return doubled to $600, I anticipate I would lose that client to H&R, Liberty, or some EA that charges a fraction of a CPA. But, given $300 is basically my floor (with only a couple of exceptions), that is a very simple return and I would not anticipate any need to charge more, anyway.
 

#3
zl28  
Posts:
2092
Joined:
22-Apr-2014 10:27pm
Location:
usa
If you were the customer, would you leave or be displeased if there was a 10% increase on a $500 return?

I generally raise 5%
 

#4
Posts:
6103
Joined:
22-Apr-2014 3:06pm
Location:
WA State
It is not going to be uncommon to see 15-20% increases on tax returns this year as there will be increased analysis to determine facts and additional review time due to the new form format.

I'm providing this guidance to my clients orally.
~Captcook
 


Return to Business Operations and Development



Who is online

Users browsing this forum: Jeff-Ohio, RazorbackCPA, Webster and 40 guests