How much does a Proactive Tax Plan Cost?
Do we charge by the hour?
No!
Think about it...
Do you want someone to spend a certain amount of time on your tax plan?
or
Do you want to legally and ethically reduce your tax bill and deliver VALUE?
We don't sell time... we deliver value!
So, how do we price our services?
Our minimum fee:
$7,500
We will custom quote your tax plan based on value pricing.
We won't take on a client unless we're certain that we can save them at least 3X their investment in our services.
300% ROI
If we can't generate, at an absolute minimum, a 3X Return on Investment, we'll refund you the difference so that you never pay us more than 33% of the value we deliver.
Historically, we have generated an ROI of 4.5x to 12x
the investment in our service
Once you engage us for services, your fee is fixed, regardless of how much you save!
VALUE PRICING
What is Value Pricing?
Value pricing is a professional and ethical approach to pricing services based on the perceived value provided to the client, rather than simply the time or effort required to deliver those services. This method involves understanding the unique needs and goals of each client and setting a price that reflects the value of the outcomes achieved.
How Value Pricing Works
- Client-Centric Approach: Value pricing begins with a deep understanding of the client's needs, challenges, and the benefits they seek from the services provided. This allows for the creation of a tailored proposal that highlights the specific value and outcomes the client can expect.
- Transparent Communication: The pricing is communicated clearly and transparently, ensuring clients understand what they are paying for and the value they will receive. This approach fosters trust and strengthens client relationships.
- Focus on Outcomes: Unlike traditional billing methods that charge by the hour, value pricing is focused on the results and benefits delivered to the client. It encourages efficiency and innovation, as the service provider is incentivized to deliver the best possible outcomes.
Distinguishing Value Pricing from Contingent Fees
Value pricing is not the same as contingent fees, which are generally not permissible under Circular 230 in many situations. Contingent fees are typically based on the outcome of a specific event, such as a tax refund or a financial settlement, and can potentially create conflicts of interest or ethical concerns.
Value pricing, by contrast, is a proactive and ethical pricing model that aligns the interests of the service provider and the client, without being dependent on a specific outcome. This method complies with professional standards and ethical guidelines, providing a fair and transparent way to charge for professional services.
For more details on how value pricing can benefit your business and our compliance with Circular 230, please contact us.
Benefits of Value Pricing
- Predictable Costs: Clients know the cost upfront, making budgeting easier.
- Aligned Interests: Service providers are incentivized to deliver high value.
- Focus on Results: Emphasizes achieving specific outcomes rather than billable hours.
- Customized Solutions: Services are tailored to meet specific client needs.
- Enhanced Quality: Encourages high-quality work as providers aim to maximize value.
- Better Communication: Promotes clear and transparent discussions about expectations and outcomes.
- Stronger Relationships: Builds trust and long-term relationships.
- Client-Centric Approach: Focuses on the client’s specific goals and challenges.
- Efficient Service Delivery: Providers are motivated to work efficiently.
- Fair Pricing: Prices are based on value received, not time spent.
- Improved Client Satisfaction: Clients are happier with outcomes-focused services.
- Innovation Encouraged: Providers are incentivized to innovate to increase value.
- Avoids Overcharging: Clients pay for the value, not the hours worked.
- Transparency: Clear pricing structures reduce confusion.
- Trust Building: Honest discussions about value and pricing build trust.
- Client Education: Helps clients understand the value of services.
- Competitive Advantage: Clients receive unique solutions tailored to their needs.
- Greater Engagement: Clients are more involved in the service process.
- Proactive Service: Providers are motivated to offer proactive solutions.
- Reduced Risk: Clients avoid unexpected fees or cost overruns.
- Encourages Long-Term Planning: Helps clients think long-term about their goals.
- Better Decision-Making: Clients can make informed decisions based on expected outcomes.
- Customization: Services can be customized to provide maximum value.
- Enhanced Reputation: Providers with value pricing are seen as client-focused.
- Sustainability: Encourages sustainable business practices by focusing on long-term value.
- Tailored Communication: Communication is focused on value and results.
- Encourages Accountability: Providers are held accountable for delivering value.
- More Focused Service Delivery: Providers focus on delivering specific outcomes.
- Enhanced Client Experience: Clients enjoy a more personalized and effective service experience.
- Supports Client Growth: Services are designed to support the client’s growth and success.
- Higher Client Retention: Satisfied clients are more likely to stay with the provider.
- Risk Mitigation: Helps clients mitigate risks by focusing on value-driven outcomes.
- Encourages Ethical Practices: Providers are motivated to act in the best interest of the client.
- Promotes Transparency: Value pricing promotes a transparent relationship between client and provider.
- Encourages Strategic Planning: Helps clients engage in strategic planning for their future.
- Encourages Continuous Learning: Providers stay updated on the latest trends and best practices.
- Increases Overall Satisfaction: Clients are more satisfied with the services and results they receive.
Is value pricing "New"?
Not at all, below is the AICPA's Value Pricing Tool
