How Much Do Accountants Charge?
Accountant fees across the UK can vary according to location but pricing will often depend on the needs and requirements of your business, too. For example, you could be charged based on your legal business structure or your annual turnover, because these can affect the complexity of your accounts.
This is why it’s good to shop around for the right accountant, but it’s also important to find what’s included in the price. For example, does the fee include access to bookkeeping software, or are they giving you the bare minimum?
Another key thing to consider is support. If you’re new to the world of taxes, it can be quite daunting, and you’ll likely need more time with your accountant. Support fees vary depending on where you go, and some may charge you extra for any time they spend answering your queries, whilst others may charge a fixed flat rate which includes support as part of the service.
Research is key. Compare the cost of online accountancy packages here.
Why do online accountants charge less than local ones?
It’s no secret high-street accountants tend to be more expensive. This is most likely down to the fact they have to pay city-centre rates – which let’s face it, aren’t cheap!
Online accountancy services are great because you aren’t limited to what’s available near you. You may find an accountant at the other end of the country is much more suited to your needs, for a better price.
Is it better to have a local accountant?
It depends on your needs. If you’d like more face-to-face meetings, a local accountant is probably going to be more accessible, but many online accountancy firms offer video calls, at a time convenient to you.
For most people, online meetings are now the norm, and even local accountants are relying more on emails and phone calls these days. You may find you get the same level of communication and support as you would from an online firm, while being charged a higher price.
Will an accountant charge me for a tax return?
Yes, you’ll be charged by an accountant for the completion of you tax return. In some instances, this will be all you get done. But other accountants will include it as part of a larger service. It all boils down to what you need, and what you’re willing to pay for.
Remember this can be very valuable to your business, as it can save you time, and money – which is a huge part of an accountant’s job. They ensure you pay the least amount of tax legally possible, through things like tax allowances and other types of tax relief.