How much does an accountant cost in the UK for a small business?

An Accountant’s fees vary from time to time and business to business. There are many factors responsible for it. An accountant cost mainly depends upon the size of your business, scale of your activities and the services you need. Once you make the estimate of these things, you can easily calculate the cost of your accountant.

Accounting for Small Businesses

As per Accountants, every service has a prescribed fee. If an individual is having a small business, fees will be lower as compared to a large business. A small business may be anything from self-employed to a limited company with up to 50 employees.

For a small business, a range of services are delivered in a package which includes the following

1. Bookkeeping
2. Monthly & annual payroll returns
3. Corporation tax returns
4. Director’s personal tax return
5. Quarterly VAT returns
6. Advice on tax avoidance legislation
7. Daily advice from your accountant.
8. Annual accounts

These services are included in a standard package and it is chargeable as fixed monthly fee. The monthly fees for small businesses accounting services can be as low as £60 or as high as £250 depending on turnover, depth of service and business place. Businesses which are having high turnover and more employees required to pay more fees to the accountants.

Other Means To Pay Your Accountant

Almost businesses pay accountants on monthly basis as this provides certainty but you can also pay your accountant by week or by hour.

You can also pay your accountant by way of mix & match which means paying the accountant for some services on a fixed price or a monthly fee and for some bespoke services by hours. The cost of basic accounting services performed by an accountant is £25 & £35 per hour. In addition to it, if you are taking more specialized services from the accountant such as tax planning and business planning, it will become more expensive and comes in the range of £125 to £150 per hour.

Accounting Fees Per Service

You must have heard that we paid an accountant on the basis of hour, week or a month but some businesses hire accountants on service to service basis. For ex – VAT returns, payroll services & year end accounts. One time fees are given to accountants for such work.

One time fees for such Accounting services are given below –

SERVICE	TURNOVER/ SIZE	FEES
Business accounts	£20000 to £30000	£150
	£100,000 to £130,000	£400
	£250,000 to £300,000	£600
Payroll services (Incl. PAYE)	50 employees	£200 per month
	100 employees	£500 per month
Director’s tax return		£300
VAT returns	£0 to 100,000	£100
	£100,000 to £200,000	£150
	£200,000 to £400,000	£200

Fees for services like business accounts & VAT returns will rise with company turnover. Payroll fees will rise on the basis of number of employees and it will add to the cost of your personal tax return if you owned rented property. However, you can keep your accounting fees to minimum by maintaining your records properly, providing all needed information within time and by using the appropriate software.

How dns accountants Helps?

dns accountants is one of the leading UK firm with more than 10 years of experience in offering accountant services to small, medium and large businesses. Our accountants managed many clients in the past at a least cost. We will provide you maximum services, knowledgeable accountants at a very low cost.

For free consultation, you can call our dns accountants at 03330602481 or e-mail us at enquiry@dnsaccountants.co.uk

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