Annual Fee increases

Posted by thomas PM | on Sun, 06/01/2013 - 09:54 2174 25 comments | report

I've had some clients now about 12 months and need to think about increasing the fees to at least keep pace with inflation.

How do I do this?

Do I need to justify the increase? Im only thinking say 5%

Does anyone have a standard letter/wording that they would share?

Im nervous as I dont want to upset my clients but I believe I need to create an expectation that the fees will increase modestly each year.

What increases are you doing this year? How are you justifying this?

Thanks

Comments

There are 25 comments. Login or register to view them.

I do RPI every year now ...

Steve Holloway | Sun, 06/01/2013 - 10:16

No Need

rhangus. | Sun, 06/01/2013 - 10:22

Agree with Steve Holloway

Moonbeam | Sun, 06/01/2013 - 14:22

Another yes

Paul Scholes | Sun, 06/01/2013 - 19:34

Interesting subject

Kent accountant | Sun, 06/01/2013 - 21:14

I just like an easy life!

Steve Holloway | Mon, 07/01/2013 - 07:50

Still No Need

rhangus. | Mon, 07/01/2013 - 10:33

I currently offer 3 year fixed fee arranegement.

Glennzy | Mon, 07/01/2013 - 11:25

Where do you find wage inflation rates?

chatman | Tue, 08/01/2013 - 11:18

Direct Debits

Opporchancity | Tue, 08/01/2013 - 11:38

Not easy if you're small.

Kent accountant | Tue, 08/01/2013 - 11:55

Back to the original questions

bookmarklee | Tue, 08/01/2013 - 11:57

Fee increases

dkaccounant | Tue, 08/01/2013 - 12:10

What the Market will Bear

agknight | Tue, 08/01/2013 - 18:36

Competing on Price.

chatman | Tue, 08/01/2013 - 19:17

Automatic fee increases

Tomazaan | Tue, 08/01/2013 - 20:09

I don't deliberately or

agknight | Tue, 08/01/2013 - 20:17

@ Rhangus

Steve Holloway | Wed, 09/01/2013 - 11:00

Being flexible

Paul Scholes | Thu, 10/01/2013 - 06:04

Wage Inflation

chatman | Thu, 10/01/2013 - 08:22

Wage inflation

Paul Scholes | Fri, 11/01/2013 - 10:11

I don't see the point....

timmne | Tue, 15/01/2013 - 12:32

because even on a small business ....

Steve Holloway | Tue, 15/01/2013 - 12:48

Watford

Kent accountant | Tue, 15/01/2013 - 13:21

subject

timmne | Tue, 15/01/2013 - 15:14