Annual Fee increases

Posted by thomas PM | on Sun, 06/01/2013 - 09:54 2175 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

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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