BUSY SEASON MANAGEMENT

UPDATED: Accountants Critical of Competitor Price-Cutting

The average firm may be trimming billing rate increases. But CPA Trendlines readers aren’t average.

CPA firm price increases slowed to a month-to-month increase of 0.4 percent in November, down from a 3.1 percent in September, and a fraction of the year-ago 1.9 percent hike. The picture in tax prep is even dimmer, with month-to-month slowdowns and year-to-year declines.

 

Lohrey
Ayster: Not afraid to raise rates

By CPA Trendlines Research

Heading into tax season, CPA firms may be facing new pricing pressures, even as wages and consumer prices increase at record rates, according to a CPA Trendlines study of new government economic data.

What are today’s best pricing strategies?
Join the survey. get the answers

To be sure, many CPA Trendlines members responding to our survey are resisting the pressures, and plan on pushing ahead with price increases.

MORE SURVEYS & RESEARCH: Sales & Use Tax Costs Are Higher than Anyone Thought | Are You Under-Pricing Your Client Accounting Services? | Survey: Nobody Loves the Wayfair Decision | SURVEY: Worries for Small Business Clients | Busy Season Forecast: More Chaos | SALT: The Small Business Disaster Waiting to Happen

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

While inflation is pushing prices up at record rates in major sectors of the U.S. economy, CPA firms appear to be trimming their billing rate increases, slicing 0.2 percent off the average price from October to November, according to CPA Trendlines research.