Annual Fee increases

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 |
Steve Holloway's picture

No Need

rhangus. |

Agree with Steve Holloway

Moonbeam |
Moonbeam's picture

Another yes

Paul Scholes |
Paul Scholes's picture

Interesting subject

Kent accountant |
Kent accountant's picture

I just like an easy life!

Steve Holloway |
Steve Holloway's picture

Still No Need

rhangus. |

I currently offer 3 year fixed fee arranegement.

Glennzy |
Glennzy's picture

Where do you find wage inflation rates?

chatman |

Direct Debits

Opporchancity |

Not easy if you're small.

Kent accountant |
Kent accountant's picture

Back to the original questions

bookmarklee |
bookmarklee's picture

Fee increases

dkaccounant |

What the Market will Bear

agknight |

Competing on Price.

chatman |

Automatic fee increases

Tomazaan |

I don't deliberately or

agknight |

@ Rhangus

Steve Holloway |
Steve Holloway's picture

Being flexible

Paul Scholes |
Paul Scholes's picture

Wage Inflation

chatman |

Wage inflation

Paul Scholes |
Paul Scholes's picture

I don't see the point....

timmne |

because even on a small business ....

Steve Holloway |
Steve Holloway's picture

Watford

Kent accountant |
Kent accountant's picture

subject

timmne |