zl28 wrote:I'd be on the lookout for a new provider of these services
unless
i knew i was being grossly undercharged in the first place.
I'm interested to see if a practitioner can or will increase the level of service to each remaining client when making this shift. I think many of us would like to do more for each client or see that there is more to do for each client, if we just had the time. This is a fundamental shift that can dramatically increase the retention rate after a fee increase.
smtcpa wrote:I've stopped taking "tax-return-only" clients this summer. I will be paring down my client list, moving more clients to tax prep during the summer, and taking on clients who need regular tax planning, business advisory, and - next year - personal financial planning and investment management.CornerstoneCPA wrote:Have any of you considered subscription pricing models for tax returns? Provide all-inclusive services to clients willing to pay it, start weeding out lesser clients. Over time, idea is to eliminate all clients not willing to onboard under subscription fees. The firms I have seen utilizing it are thriving.
I am going to begin offering it in 2022 to determine level of interest vs. my other pricing structures, which are now hourly. I view it as a fantastic way of maintaining client quality while hedging against the few clients that would consume a lot of while (vs majority that would not).
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