Find an Accountant near you
The average rating for Bark Accountants is 4.89, based on 85,310 reviews
5/5
based on 85,310 reviews
Need help getting your accounts in order but unsure of costs? Read our handy price guide to find out how much hiring an accountant will cost based on the size of your business, the service you require, and much more.
Whether you’re a small independent business or a multinational corporation, every company needs to keep accounts. Put simply, an accountant manages a company’s financial records. This involves a complex range of duties including tracking revenues and expenses, offering financial consultations, and ensuring your company meets financial regulations.
While some large businesses can afford to employ salaried accountants, not everyone has that luxury. If you’re self-employed, a freelancer or a small business, you might not have the time or understanding of the UK financial system to manage your own accounts. Hiring someone to balance the books will leave you with more time to grow your business.
The hourly cost of an accountant can range anywhere between £15 - £150+ per hour. It really depends on the size of your business and the services you require. It also depends on if you want to pay your accountant by the hour, monthly, or per annum. To give you a general idea, we’ve put together the average cost of an accountant based on local UK professionals:
| Average cost (per hour) | £35 |
| Minimum cost (per hour) | £15 |
| Maximum cost (per hour) | £150+ |
Accountancy fees can vary significantly depending on several factors including:
The size of your business
The service you require
Length of time (one-time service versus ongoing service)
There’s no one size fits all when it comes to accountancy fees. The main reason for this is because businesses vary so dramatically in size. Here’s a rough estimate of how much you can expect to pay per month based on the size of your business:
| Business size | Average cost (per month) |
| Sole trader | £100 - £150 |
| Growing business | £300 - £400 (plus VAT) |
| Established business | £600 - £1,000 (plus VAT) |
Accounting services can range anywhere from tax preparation to payroll. If you’re not sure what your business needs to lift it off the ground or drive revenue, accountants will often offer a free consultation to determine where your money would be best spent.
You can choose a one-time or ongoing accountancy service depending on the size of your business and what service you need. You might prefer to manage your accounts monthly as opposed to a one-off service.
When running a business, it’s not easy to maintain a healthy cash flow. If you’re considering handling your finances yourself, remember that hiring an expert to do it properly can save you money in the long run. Here are three reasons why:
Avoid tax penalties - If you’re not up to speed with recent changes in regulations for business taxes, it could be very easy to fill out your taxes incorrectly (or not fill them out at all!) which could result in you having to pay hefty tax penalties. Hiring an accountant ensures you won’t incur any unnecessary costs.
Helps you to save - Keeping track of your ingoings and outgoings is a real headache, but with an accountant, you won’t have to. They’ll track every last penny coming in and out of your business, as well as advising on how to avoid unnecessary expenses.
Plan for the future - Your accountant will be able to assist you in planning for the future using the insights they’ve gained from tracking your financial records. They’ll be able to offer expert advice on how to boost your performance and grow your business, whether you’re wanting to increase your revenue or scale globally.
Save money and time - find a trusted Accountant on Bark.
The average rating for Bark Accountants is 4.89, based on 85,310 reviews
5/5
based on 85,310 reviews
