The cost of accountancy services for small businesses can vary a lot from business to business so it is worth understanding the factors that influence cost in order to get the best price.
How Accountants Charge
The way accountants charge for their work can vary from one accountancy firm to another. The most common charge is now for a fixed monthly fee. Hourly rates are often charged for one-off work but not for ongoing work of a company.
Sole Trader vs Limited Company
For basic self-assessment returns for a sole trader, expect to pay from around £50-£150 per month for a quality online service. For a limited company, basic packages will cost from around £100-£200 per month, covering the year-end accounts and also corporation tax returns.
Add-Ons That Push Costs Up
Payroll, VAT returns, and bookkeeping usually are charged separately to your basic accountancy package, so can add substantially to the total monthly charge, when added to your basic service.
Business Complexity Matters
Higher turnover, more complex trading, additional income, and employees will typically command higher fees. Therefore, it’s vital you provide all accountancy firms with a full and clear description of your proposed trading activity to obtain the most appropriate fee quotation. Accountancy Services is covered in more detail at https://bhukgroup.com/accountancy-services.
Checking Credentials Before You Commit
Also look at the credentials of any accountant. What professional body do they belong to? The article on what qualifications to look for in a UK accountant is very useful.
Set out your needs as clearly as possible, and then get a few different people to quote for you – it’s amazing how often you can get a similar service for a rather different price.







