Articles

How Much Does an Accountant Charge?

by Benny Gala DNS Accountants

It’s that time of the year again - If you are working as a small business, Ltd company, sole trader, freelancer or contractor, then the deadline to file your tax return is rapidly approaching. But the big question is how much do accountant charge for switching accountants on per hour or per day? Generally, professionals don’t charge by the hour or a day, they charge by what they’re doing for you. Then – how much do accountants charge for their services? The fee of accountants varies from business to business and time to time. There are various factors for accounting fees. It depends on the service you need. How much does it cost to hire an accountant? There’s no sign-up fee for most of them but they will charge you a fixed rate per month. Once you will finalyse the services, make the estimate of these things.

As a small business owner, there is range of services is delivered in an accounting package which are includes as following

  • Bookkeeping
  • Daily advice from your accountant
  • IR35 status reviews
  • Monthly & annual payroll returns
  • Corporation tax returns
  • Advice on allowable expenses and related paperwork
  • Director’s personal tax return
  • Monthly/Quarterly VAT returns
  • Advice on tax avoidance legislation
  • Dealing with HMRC and Companies House
  • Year-end accounts

The cost of basic accounting services for small businesses performed by any professional accountant in Bournemouth is £75 & £150 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 £120 to £160 per hour.

So, as a business owner you have got to consider what you need and how much you’re willing to pay for it.

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About Benny Gala Senior   DNS Accountants

156 connections, 4 recommendations, 656 honor points.
Joined APSense since, June 30th, 2017, From Harrow, United Kingdom.

Created on Dec 30th 2020 09:44. Viewed 193 times.

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