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.
About National Association of Tax ProfessionalsThe National Association of Tax Professionals (NATP) is the largest association dedicated to equipping tax professionals with the resources, connections and education they need to provide the highest level of service to their clients. NATP is comprised of over 23,000 leading tax professionals who believe in a superior standard of ethics and exemplify professional excellence. Members rely on NATP to deliver professional connections, content expertise and advocacy that provides them with the support they need to best serve their clients. The organization welcomes all tax professionals in their quest to continually meet the needs of the public, no matter where they are in their careers.
The NATP headquarters is located in Appleton, WI. To learn more, visit www.natptax.com.
Information included in this article is accurate as of the publish date. This post is not reflective of tax law changes or IRS guidance that may have occurred after the date of publishing. All taxpayer circumstances are different, and NATP recommends contacting research services if you have specific questions about your clients’ tax situations.