5 Things to Avoid When Increasing Your Fees

It’s a fact of life for any business that the time comes when current fee structures no longer provide the target revenue generation or profit margin. In accounting practices, this issue can be addressed at least in part by a move to value billing, but even in these cases, you might find yourself needing to charge a client more this year for the exact service you provided last year.

It’s not a fun or easy conversation to have.

Accounting firms and businesses of all kinds raise their fees all the time. Surprisingly, a large number of them make some major blunders when doing so. If you need to raise your fees, a discussion of some kind is warranted. Here are five things to avoid when you do:

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