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June 6, 2023
Dear Clients and Friends:
Every year around this time, we sit back and review our busy season and discuss what went well and what could use adjustment. There are several items we look at including clients, quality of life, employees, costs, and growth.
This year, after close examination of the hours our staff worked, the continuous investments we have made in equipment, software and continuing education, and dialogue with colleagues, we have concluded that our fees need to be increased to be in line with others in our profession. This has been a growing issue for the last few years, and we have done our best to absorb the cost increases we have incurred. Unfortunately, we can no longer continue to do so.
Based on our analysis, we find it necessary to increase our fees as follows:
- Previous hourly rates ranged from $90-$240 depending on the staff required and the service provided. These rates have been increased to $100 -$252, a 5 - 10% increase.
- In accordance with these increases, we have determined that all tax returns we prepare – personal, corporate, partnerships, trusts and estates, or gift tax – will be charged a minimum of $500.
We understand that these increases may cause a burden to some, but to continue to provide you with the level of service you have come to expect from us, we feel there is no other choice. We have always valued your business and will continue to value it in the future.
We appreciate your continued confidence in us and thank you in advance for your future support.
Best Regards,
Bailey, Carr CPAs, P.C.
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