No Accounting for Taste ep 145: Fee increases, digital accountants in 2024 and interest rates

AccountingWEB

As costs continue to rise across the board, it's no surprise that the age-old conversation of fee increases has resurfaced on AccountingWEB. In a recent episode of Any Answers Live, one viewer admitted that they had not increased their fees in over a decade, due in part to the fear of confrontation. Yet, in light of inflationary pressures, is this strategy sustainable anymore? Joining us on the podcast to discuss this is Minerva Accounting founder Della Hudson. A practitioner who has increased her fees year on year in order to remain profitable, Hudson reveals how and why she has kept to her guns on fee increases, as well as the various pitfalls and opportunities that come with such a strategy. Also on the podcast, we take a look into the future and discuss how AI could change the way accountants run their business. As AI-assisted continue to gather pace, could these new innovations free accountants up to focus on the work that matters to them most? Podcast speakers: Richard Hattersley Tom Herbert Della Hudson Producer/editor Will Cole