How Much Does An Accountant Cost
Limited Company Accountant Fees from £299
Our Fees
How much an accountant costs to file company accounts will depend on the level of sales and gross assets of your business. As online accountants we charge between £299 and £699 per year to prepare and file your statutory year end accounts to both Companies House and HMRC.
£299 Small Company Accounts Sales up to £30k & Gross Assets up to £100k
£499 Medium Company Accounts Sales up to £100k & Gross Assets up to £250k
£699 Large Company Accounts Sales up to £250k & Gross Assets up to £500k
CHOOSE YOUR PLAN BASED ON SALES AND ASSETS
EXCEED ADVERTISED PLANS? NO PROBLEM - PLEASE CONTACT US FOR A QUOTE
SMALL COMPANY ACCOUNTS
£299
+vat
Sales up to £30k & Assets up to £100k
Includes Everything Needed to Fulfil your Statutory Filing Obligations
Accounts Comply to FRS 105 Micro-Entity or FRS 102 Small Entities Regime
iXBRL Accounts Filed to Companies House
Corporation Tax Calculated & CT600 Return Filed to HMRC
Includes Review of your Bookkeeping
Average Turnaround 7–14 days
MEDIUM COMPANY ACCOUNTS
£499
+vat
Sales up to £100k & Assets up to £250k
Includes Everything Needed to Fulfil your Statutory Filing Obligations
Accounts Comply to FRS 105 Micro-Entity or FRS 102 Small Entities Regime
iXBRL Accounts Filed to Companies House
Corporation Tax Calculated & CT600 Return Filed to HMRC
Includes Review of your Bookkeeping
Average Turnaround 7–14 days
LARGE COMPANY ACCOUNTS
£699
+vat
Sales up to £250k & Assets up to £500k
Includes Everything Needed to Fulfil your Statutory Filing Obligations
Accounts Comply to FRS 105 Micro-Entity or FRS 102 Small Entities Regime
iXBRL Accounts Filed to Companies House
Corporation Tax Calculated & CT600 Return Filed to HMRC
Includes Review of your Bookkeeping
Average Turnaround 7–14 days
Limited Company Accounts Cost in the UK
The fees charged by qualified accountants in the UK can vary significantly depending on a variety of factors. These include the size and complexity of the business, the level of detail required in the accounts, and the amount of time and effort required to prepare and file the accounts.
One of the main costs associated with limited company accounts is the fee for professional accounting services. This may include the cost of preparing and reviewing the financial statements, calculations for the personal self assessment tax return, calculation and filing of the corporation tax return CT600, as well as the cost of any additional services, such as tax planning and advice. Some accountancy firms will also charge for two corporation tax returns in your first year as the accounts period cannot be more than 12 months for corporation tax return purposes. We do not make any additional charge for the first long period set of accounts. The charges made by professional accountants can vary widely, but it is typically based on an hourly rate or a fixed fee annual fee.
In addition to the fees of professional accounting services, there may be other costs associated with preparing and filing limited company accounts. These may include the cost of cloud based accounting software to assist with quarterly vat and MTD returns.
There may also be other costs associated with submitting the accounts to Companies House, the government agency responsible for registering and storing company information in the UK. This includes the charge made for the submission of the annual confirmation statement which is basically a snapshot of the directors and shareholders interests along with public and private address information. We suggest that most directors complete this themselves however we can do so for a nominal fee on your behalf.
In summary, how much an accountant costs in the UK can range from a few hundred pounds for small businesses with straightforward financial statements to several thousand pounds for larger businesses with more complex accounts. It is important to carefully consider if your chosen accountancy firm will bill you by the hour or offer a fixed fee so you have no unpleasant surprises and ensure this is confirmed.
Limited Company Accounts Cost
Traditional high street accountants charge an hourly rate or an annual fee with no standard pricing criteria. We offer transparent fixed fees based on net turnover and gross total assets. Small limited companies can choose from a selection of three basic cost packages for year end annual accounts.
Our Limited Company Accounts Fees
Is it worth hiring an accountant?
A good accountant will normally save you more in tax than you will incur on their fees. Tax law is complicated and knowing what you can and cannot claim for against your income is not always obvious. Consequently, the cost for limited company accounts charged by accountants should be good value and will ensure that all allowances and exemptions have been properly claimed for.
How much does it cost to use an online accountant?
Online firms minimise their costs by not having as many fixed expenses such as office rent & rates they are in a better position to pass on the savings to you by way of lower accountancy fees. Expect to pay substantially less than high street based accountancy firms. Please also remember that cheap accountants are not necessarily the best solution for preparing your annual company accounts. You do get what you pay for and if your require a more thorough and timely service you should expect to pay just a little more.
Are all accountants qualified?
Unfortunately the use of the term 'accountant' is not protected in UK law. You should ensure you use a CCAB qualified accountant. CCAB has five members - ICAEW, ACCA, CIPFA, ICAS and Chartered Accountants Ireland. The cost for limited company accounts really does depend on a number of variables. Generally, accountants charge for their services according to the companies complexity. The main cost factors include turnover or sales of the limited company, profitability of the business, number of directors/staff and lastly the accuracy of the bookkeeping, number of transactions and accounting software used. Using an online firm is fast becoming a popular choice as more small limited company directors decide to complete their own bookkeeping using one of the widely available cloud accountancy packages. Because of this, the price charged by accountants to prepare the statutory end of year annual limited company accounts has decreased and can be as little as £299 which is the amount our limited company accounts cost prices start from. We can also help with filing of tax returns.
Should I see accountants reviews before making a choice?
Yes we recommend seeing what other people have to say about your prospective accountants before hiring them. A good accountant will charge you a reasonable amount and ensure that all tax returns are made on time. We will ensure that you pay the correct amount of tax and vat and do not take too much out of the company by way of illegal dividends. This is a mistake many company directors make. Your dividends must have been paid only from retained profits after corporation tax.
What should I expect after hiring an accountant?
Our limited company end of year accounts cost are so low because we require payment in advance, paid securely using a credit or debit card. By working this way we avoid bad debts and can pass on the savings directly to you by way of lower limited company accountancy fees. We do not charge monthly fees - just one simple one-off cost. When you appoint us as your accountants we will send you a welcome message outlining what we need from you in order to prepare your statutory limited company accounts. We will also send you an engagement letter and request information to allow us to conduct anti money laundering searches.
