What is the Average Cost of an Accountant in UK?
For individuals and businesses in the UK, particularly in Bristol, hiring an accountant is an essential step in managing finances effectively. But how much does it cost to hire an accountant, and is it worth the investment? This guide provides a detailed breakdown of accounting fees, the factors that affect costs, and why hiring a professional accountant can be a smart financial decision.
How Much Does an Accountant Cost in the UK?
The cost of an accountant depends on various factors, including business type, complexity of financial transactions, and the services required. Here’s a breakdown
Cost Breakdown by Business Type
Sole Traders
- Annual accounting fees: £250 – £1,000
- Includes tax return filing and bookkeeping services
Small Businesses
- Monthly fees typically range from £100 – £150
- More complex businesses may pay £300 – £1,000 per month
Limited Companies
- Full accounting services, including payroll and tax returns: £60 – £250 + VAT per month
Get A Free Quote
Factors Affecting the Cost of an Accountant
Business Size & Turnover
- Larger businesses with higher turnover need more detailed financial management, increasing accounting costs.
Complexity of Financial Transactions
- A business with multiple revenue streams or international operations may require additional financial oversight.
Services Required
- Basic bookkeeping – More affordable
- Tax advisory & payroll services – Higher cost
Location
- Accounting fees vary across the UK. London-based accountants tend to charge more than those in smaller towns and cities.
Request A Call Back
Why is Hiring an Accountant Important?
1. Saves You Time & Reduces Stress
Managing finances, filing taxes, and ensuring compliance can be time-consuming and stressful. An accountant takes care of these tasks, allowing you to focus on running your business.
2. Helps You Save Money
-
Tax Efficiency – Accountants ensure you claim all eligible deductions and expenses
- Avoid Fines & Penalties – Late or incorrect tax filings can result in hefty fines
3. Provides Expert Financial Advice
A professional accountant can help with:
✅ Financial planning – Budgeting and forecasting for growth
✅ Business structure – Sole trader, partnership, or limited company? They advise on the best option
✅ Investment guidance – Helping businesses make profitable financial decisions
4. Ensures Compliance with HMRC
UK tax laws are constantly changing. A qualified accountant ensures your business stays compliant with HMRC regulations, avoiding costly mistakes.
Contact Us Today
Is Hiring an Accountant Worth the Cost?
Many business owners wonder if hiring an accountant is worth the investment. Here’s why it is:
✅ Revenue Growth – Businesses using accountants experience an average revenue increase of 11.5%.
✅ Time Savings – Business owners save 9+ hours per week by outsourcing financial tasks.
✅ Peace of Mind – No more worrying about tax deadlines, HMRC audits, or financial errors.
How to Choose the Right Accountant in Bristol
When selecting an accountant, consider the following:
-
Experience & Qualifications – Ensure they are a Chartered Certified Accountant (ACCA, ICAEW, CIMA)
-
Industry Specialisation – Look for accountants familiar with your business sector
-
Local Knowledge – Hiring a local accountant in Bristol helps with tax regulations and business laws specific to the area
-
Transparent Pricing – Choose an accountant who offers clear pricing structures with no hidden fees
Looking for an Accountant in Bristol?
At EasyAccounts and Tax, we offer professional accounting services tailored to your needs. Whether you’re a sole trader, small business owner, or running a limited company, we provide affordable, expert financial guidance.
