With hundreds of prospective accountancy firms to choose from, we look at the monthly fees charged by some of the UK’s leading specialist accountants, and the services you should expect to receive in return.
The fees quoted were advertised online during late 2016. We have included any additional costs where available (see notes and some useful tips beneath the table). Our partners are highlighted in orange.
|AccountsNet||£65||Complete Service. Includes registered office address, company formation. View 2 Price Plans.|
|Boox||£79||Full service. Instant Free Demo. Unlimited support. Free IR35 reviews. View Pricing Info.|
|Clever Accounts||£69||Complete Package. Registered office address. Free IR35 review. |
View 2 Price Plans.
|Intouch||£98||Full monthly service, free IR35 contract risk assessments, co. formation, registered office address. |
View Further Details.
|Qdos Accounting||£95||Complete accounting & unrivalled IR35 expertise. Cost effective & tax efficient accounting solution. View Further Details.|
|SG Accounting||£89||Full monthly service, free company incorporation, IR35 advice, business insurances included. |
View 3 Price Plans.
For more information on our partner accountancy firms, please visit our directory.
|ADVANCE||£120||‘Premium’ package. Includes company insurances and company incorporation. Unlimited phone support and online portal access.|
|Clarity||£79||Fixed-fee, market-leading serviced based in Scotland. Vastly experienced team, with over 25 years working with contractors.|
|Clearsky Accounting||£90||Full contractor accounting package from £90/month (pay upfront for 12 months). 3 available packages.|
|CEJ Contractor Accountants||£99||Complete solution including simple bookkeeping software, unlimited support, 24/7 help centre. Self-assessment, annual return and company formation included.|
|Elver Consultancy||£70||Package includes FreeAgent accounting software. Bookkeeping available for additional fee.|
|Exchequer Accountancy||£95||This is the ‘Personal’ package. £59/month ‘Online’ package also available with less support.|
|Freestyle Accounting||£175||Truly all-inclusive service includes unlimited IR35 contract reviews and tax advice. Online portal.|
|FW Accounting||£95||‘Standard’ Package. Fully automated invoicing and bank feeds. Registered Office Address.|
|Horner Downey||£90||‘All Inclusive’ Package, no hidden extras. Free Co. Formation and registered office service.|
|ICS||£125||‘Plus’ Package. Invoices raised and chased. Online portal. Co. Formation – £40 (one-off fee).|
|Meades Contractors||£90||‘Bronze’ package. More services available incl. bookkeeping and dividend calculations for £110/m|
|Pure Contractor Accountants||£100||The ‘Essentials’ package. Self-Assessment £100/year. Co. Formation – £100 (one-off fee).|
|Sail Business Solutions||£83||Full limited company solution. Free initial consultation, incl. company formation. Dedicated advisor|
|Simple Accounting||£70||The ‘Business Companion’ tariff – all inclusive fee – for businesses based in Yorkshire and Lancashire.|
|Tax Compute||£90||Fully comprehensive service, includes tax returns for up to 2 directors. Free Co. Formation.|
- The table above compares ‘standard’ monthly accountancy packages which must include as a minimum: Preparation of your company’s Annual Accounts, filing of quarterly VAT returns, and payroll processing for the director. We’ve covered the typical duties of a contractor accountant here.
- All companies must file an ‘Confirmation Statement’ each year to Companies House. This replaced the ‘Annual Return’ from June 2016 onwards. The standard submission fee is £13. You may have to pay this additional fee.
- All the prices listed above are subject to VAT at 20%.
- Please do email us if you’d like us to include your company here, or to change/update any of the costs displayed in the table.
Things to consider when comparing monthly accounting fees
- Does your accountant charge to incorporate your company (and set you up as a client), or is this included in the monthly fee? Although the actual company formation costs a mere £13 (via software filing), you will also need to be registered for VAT, registered as an employer with HMRC, and have your payroll set up. Your accountant will also need to set up your share structure, and attend to further administrative tasks.
- In some cases, particularly with ‘online’ accountants, you will be expected to do a fair amount of bookkeeping legwork yourself. Without a more complex table, it isn’t possible to show exactly which tasks each firm will carry out on your behalf, although for a number of providers, ‘bookkeeping’ (entering your transactions into an accounts system) is a chargeable extra.
- A director’s self assessment return fee cannot be claimed against your company, as this is a personal cost. Some accountants will complete one director’s return for free, whereas others will charge a one-off fee.
- IR35 contract reviews – some accountants provide a ‘free’ review service (subject to 1 or 2 reviews per year), whereas others charge a fixed-fee for an in-house or third-party review. However, you may prefer to pay an employment status specialist to undertake this service.
- If you change accountants, you may incur additional costs to bring your accounts up-to-date.
- Make sure you compare like for like when comparing the most popular monthly packages, as although the ‘core’ accounting requirements for all companies must be met, no two packages are exactly the same..
- Price is just one factor you should consider when comparing contractor accountants. Customer service is arguably more important, given the similarity in fees charged by the leading accountants.