Australian accounting firms are gearing up to increase their fees this year, with a recent survey by Ignition revealing that 80% of firms are planning price hikes. The main driver behind this decision is the escalating business costs that firms are facing in the current economic environment.
Ignition’s 2025 Tax and Compliance Pricing Benchmark, now in its second year, sheds light on the pricing trends within the sector. The survey, which gathered responses from 165 Australian accounting firms, indicates that almost half of these businesses (47%) are considering a 5% increase in prices, while 19% are preparing for a 10% rise.
Greg Strickland, the CEO of Ignition, commented on the survey results, stating, âItâs no surprise that mounting cost pressures are driving firms to raise prices this year.â He highlighted the potential for firms to boost their revenue and profitability through strategic pricing adjustments. Interestingly, only a small fraction of firms (11%) are increasing fees with profit margins in mind, while even fewer (5%) are doing so with revenue in focus.
Strickland emphasized the importance of combining smart pricing strategies with technology and seamless automation to empower professional services businesses to increase prices confidently without having awkward client conversations. The 2025 report benchmarks fees for various tax and compliance services and shows an upward trend in fees compared to the previous year’s findings.
For individual tax returns, the proportion of firms charging over $300 has increased from 16% in 2024 to 26% in 2025. Similarly, for company or trust annual accounts and tax returns, 23% of firms now charge more than $3,000. The report also highlights significant increases in fees for BAS lodgements and tax planning services, with more firms moving into higher charging brackets.
The original article, “Australian accounting firms plan to raise fees,” was first published by International Accounting Bulletin, a GlobalData-owned brand. The information provided in this article is for general informational purposes only and should not be relied upon as advice. It is recommended to seek professional advice before making any decisions based on the content.
In conclusion, Australian accounting firms are adapting to the changing economic landscape by adjusting their pricing strategies to navigate increased business costs. By leveraging technology and strategic pricing, these firms aim to enhance their revenue and profitability while ensuring a seamless experience for their clients.
