From Yahoo Finance: 2025-05-21 08:17:00

Australian accounting firms are planning fee increases, with 80% aiming to raise prices this year due to rising business costs. A survey by Ignition of 165 firms shows 47% planning a 5% hike and 19% expecting a 10% increase. The 2025 Tax and Compliance Pricing Benchmark reveals trends and strategies for pricing adjustments.

Ignition CEO Greg Strickland highlights cost pressures as the driving force behind fee hikes. He suggests firms can boost revenue and profitability through strategic pricing adjustments, emphasizing the importance of leveraging technology and automation. The 2025 report shows an upward trend in fees for tax and compliance services compared to previous years.

Fees for individual tax returns and company/trust annual accounts are on the rise, with more firms charging over $300 and $3,000, respectively. Significant increases in fees for BAS lodgements and tax planning services are also noted, with more firms moving into higher charging brackets. Australian accounting firms are adapting to cost pressures by adjusting their pricing strategies.



Read more at Yahoo Finance: Australian accounting firms plan to raise fees