Fee increase

[S T]

Similar Issue

I have some long standing clients, that probably can not withstand more than a $10 - $15 increase, really are on hard times, but remain loyal.

then I have been fortunate with some clients that have had some good "fortune" in 2011, so I can raise slightly higher.

I don't see inspite of some increased costs that I can just "say" 25% across the board on all clients.

My feeling for my own practice - is take an individual look and see where it leads me

Let us not forget as well as the new IRS registrations, postage rates increase on 1/22/2012, my paper supply costs have increased, as well as some of the computer technology - OMG also the phone or cable service depending on where you are at!

However, I am still aware that some clients are having some financial difficulty - and I do not prepare more than 5 EITC returns.

So guess I am just going to calculate fees as I prepare, and hope for the best!

Sandy

[BOB W]

FREE, FREE, FREE.......is what I am hearing..... Now it is Walmart offering free tax returns?????????

What to do is the question????? If I raise my fees to compensate for the loss of "Easy Type" returns do I chase more client to go "Free Return".

If I don't charge more I will loose income and my expense % will go up.

What do you think?

[Peachie]

I like this Bees.

The letter I send to all clients along with their organizer will contain the following paragraph this year.

Think I will incorporate something similar in my strategy this year. Thanks.

Peachie

[Bees Knees]

I did it several years ago when MN first required e-filing. I lost 2 clients. I doubt I will lose more than 2 this time. Net result, I get a 25% raise for doing 2 less returns.

[ChEAr$]

Well, it might just be that
Bees is contemplating retirement soon, and this is a preliminary strategy. (grin

[Gretel]

I don't think so. I did this in about the same range 4 years ago and only one client called and I lost maybe 2 clients.

[DaveO]

I bet that paragraph generates some phone calls.

[Bees Knees]

The letter I send to all clients along with their organizer will contain the following paragraph this year.

Fee increase. The IRS now requires all paid tax return preparers to be registered and subject to new regulations. Due to the increased cost associated with these new regulations, all tax preparation fees will be raised approximately 25% this year. If you would like a price quote before doing your taxes, please call.