Fees often play a big part in how attractive an accountant is for a business – but there is no one size fits all solution.
The range of services you need will dictate how much an accountant costs. Many accountants – including Appleby Mall – offer packages of services. This guide offers a reasonable estimate of what you should be paying for those packages.
Here is a basic list of how much an accountant costs. Click below to skip to a topic.
Basic packages (£65+ per month)
This should cover basic accounting work, including personal tax and corporation tax, VAT returns and monthly payroll.
Basic packages with extra support (£150+ per month)
A more in-depth package would be a good idea if you need extra business support. This could include advice on growing your business, managing cash flow, or setting goals for your business.
At this level, your accountant should also help to reduce your personal and corporation tax liabilities.
Comprehensive packages (£195+ per month)
Some businesses need an accountant who will do more than simply handle tax returns once a year and provide occasional advice.
Full packages with support (£395+ per month)
Your accountant should work closely with your business and be a reliable source of advice.
What might affect the cost of an accountant?
• The number of transactions your business is processing – e.g. sales, purchases.
• The current state of your records.
• Any changes in circumstances – e.g. refinancing, large jobs or orders.
What about hiring an accountant full time?
For most businesses, it’s more cost-effective to pay for an external accountant on a fixed fee basis.
How Appleby Mall can help
Our accountancy packages include fixed fees at a very competitive price. We also offer specialised quotes for businesses with more specific needs.