In 2025, the cost of professional accounting services is going up, significantly in the US. A recent industry report shows that 80% of accounting firms plan to raise their fees this year, primarily due to rising overheads, inflation, and regulatory demands. (Source)
What does this mean for freelancers and solopreneurs?
The proportion of firms charging more than $300 for individual tax returns has jumped from 16% to 26%.
Fee hikes are expected across tax prep, advisory services, and general bookkeeping.
Firms cite increased compliance workloads and software costs as major factors.
The accounting sector is under pressure:
Inflation and labor costs are pushing firm expenses up.
Regulatory changes mean more time is spent per client.
Talent shortages are forcing firms to pay top dollar for experienced professionals.
Re-evaluate your needs: If you’re using a full-service accountant for basic tasks, consider scaling down to a bookkeeper or DIY tool.
Use smart tools: QuickBooks Online, Wave, Xolo and FreshBooks remain top choices for freelancers to manage their own finances affordably.
Ask about flat fees: Some firms offer fixed pricing for freelancers. This avoids hourly rate surprises and helps you budget better.
Stay organized year-round: Keep receipts, track invoices, and reconcile accounts monthly to save time (and fees) at tax season.
As fees rise, the smartest freelancers will get ahead by automating, organizing, and budgeting better. Whether you work with a pro or handle it solo, now’s the time to tighten up your money management game.