Facts checked on GOV.UK on . Tax rules change, so check the dates before you act on them.
What moves the price
- Business type: sole trader, partnership and limited company work are different jobs.
- Turnover and transactions: more invoices, receipts and bank lines mean more time.
- Extra services: bookkeeping, payroll, VAT returns and management accounts are priced separately or bundled.
- Quality of records: neat, up-to-date records are cheaper to work with than a box of receipts.
- Frequency of contact: monthly support costs more than a single year-end job.
Fixed fee or hourly
Many small businesses prefer a fixed monthly or annual fee because it avoids surprises. Hourly billing can suit one-off advice, but it makes the final cost harder to predict.
Questions to ask before you agree
- What exactly is included: accounts, tax return, Companies House filing, VAT?
- What counts as extra work and how is it charged?
- Who will deal with me day to day, and how quickly are queries answered?
- Will deadlines be tracked for me?
- Is help with HMRC letters or enquiries included?
The cheapest quote is not always the cheapest
A very low fee can mean limited contact or rushed work, and a missed deadline can cost far more in penalties than the saving: a late Self Assessment return starts at £100 and grows from there.
Getting a quote in Hull
JT Accountancy offers a free initial chat. Tell them what you do, roughly how many transactions you have and what you need help with, and they say they will explain what is involved and give you a clear price before you commit. Request a call-back.
Sources: JT Accountancy: how much does an accountant cost in Hull?, GOV.UK: Self Assessment penalties. This guide is general information published by Hull Accountant, not advice for your situation.