Hi all,
Hope everyone is ready for another great tax season.
This year due to inflation and just wanting to push the envelope a bit in increasing my revenue I'm going to raise fees again for the 2nd year in a row.
In the past I would usually disclose the fee increase ahead of time however this year I'm thinking about not spending the extra time and effort on the fee dialogue ahead of time.
For example, let's say my average fee is $500 and I want to raise the fee to $575 or a $630 fee raise it to $695 do you think this fee increase warrants letting client know ahead of time or do I just provide the fee at the completion of the tax returns and out of every 100 clients maybe 50 won't even notice or care or will understand fees go up and then maybe the next 30 clients will say "i noticed the fee went up again this year" and I can reply with a brief explanation due to inflation and rising overhead costs, etc and client will accept the fee increase and the the last 20 clients it may be more of a push back and forth and if need be i can decide if i want to meet in the middle or just keep the fee the same as last year. I'm wondering if bringing up the fee now will just create more of a back and forth ahead of time then simply providing the fee amount at completion?
Of course, for any clients with a more substantial fee increase I would give them the heads up before starting work.
Thanks as always for feedback !