It’s a fair question, and one a lot of people feel awkward asking. The honest answer is that fees vary widely, because “an accountant” can mean anything from filing a simple tax return once a year to running your payroll, bookkeeping, VAT and year-end accounts every month. Rather than quote a figure that might not fit your situation, here’s what actually drives the cost.
What affects the price
- The structure of your business. A sole trader’s Self Assessment is far simpler than a limited company’s accounts, corporation tax return and Companies House filing.
- The services you need. Year-end accounts alone cost less than a package that also includes bookkeeping, VAT returns, payroll and ongoing advice.
- The state of your records. Tidy, digital records cost less to work with than a shoebox of receipts. Making Tax Digital makes this more relevant than ever.
- Complexity. Multiple income sources, property, sector-specific rules or a one-off transaction such as a sale all add work.
Fixed fees versus hourly rates
Many firms, including ours, prefer agreeing a clear fixed fee so you know what you’re paying upfront, with no surprises. Ad-hoc or one-off work is sometimes charged by time.
The value behind the fee
A good accountant should pay for themselves. The reliefs we spot, the penalties we help you avoid, and the time you get back to run your business often outweigh the fee several times over — to say nothing of the peace of mind of knowing it’s done correctly.
The best way to know what it would cost you is simply to ask. We’re happy to talk through your needs and give you a clear, no-obligation quote — (get in touch) for a free consultation.