Results of the 2023 NATP Tax Professional Fee Study
Every other year, NATP conducts a study to help members determine if they are charging appropriate fees for their services. The study also includes information to help gauge past and future trends tax pros are seeing, such as hiring more staff, offering additional services, etc.
We gathered and analyzed the data from our 2023 Tax Professional Fee Survey, which includes a summary of the most critical details relating to what you charge for professional services.
The information provided gives members a distinct advantage over other tax pros in their geographic area who are not NATP members. Knowledge is power and knowing what your peers charge gives you the power to be competitive with your pricing while still earning what you’re worth.
Members: view the full study >
Some of the key findings from this year’s report include:
- 49% of respondents do not have additional staff in their office.
- The majority of tax professionals prepare a mixture of simple and complex returns, and 52% say their practice is growing.
- The overall average charge for individual returns, regardless of method, increased $35.
- The overall average charge for business returns, regardless of method, increased $85.
- 25% of tax pros do not charge any additional fees for any state returns when they prepare the federal return.
This year’s Tax Professional Fee Study also showed many tax professionals are undercharging their clients compared to their competitors, which leaves room for increasing fees. However, this can be difficult to do. NATP members can attend a free webinar that will explain the fee study, in depth, and outline how to strategically raise their fees without alienating clients.