31 January 2024 – 8 Minute Read

Whether you are running a business or need help keeping on top of your household budget, working with a professional accountant can be a huge advantage. 

In addition to managing your financial records, they will also be able to give you advice on how to improve your spending habits and can help you navigate UK tax and revenue laws.

If you are hoping to get some support with your financial management but are wondering just how much accounting services might cost, this handy guide is here to help. With information on the rates you can expect to pay for different jobs and guidance on choosing the right accountant, you will have everything you need to take control of your accounts.

Accountant cost guide

Your accountant will calculate your bill based on the type and length of work you would like them to complete. 

In most cases, you will need to work with your accountant multiple times throughout the year; therefore, they will charge you a monthly fixed rate that covers all of the help they provide within a certain period of time.

If you only require accounting help once a year, such as when filing your taxes, your accountant may charge an hourly rate or a lump sum amount for each individual job.

You should keep in mind that specialist accountants will often charge more for their services, and you may need to budget for higher rates if you are based in the London area.