Accountants losing out in fees ‘across the board’
A consultant who works with large, mid-size and small firms believes inefficient pricing is a “massive” issue in accountants’ business models, citing a focus on time-based billing as a particular barrier to driving revenue and creating value. Across Australian firms of all sizes, accountants are hesitant to move away from traditional fee models, in particular time-based billing, Kath Bowler, chief executive at Licensing for Accountants, told AccountantsDaily.