Running a small business in the UK can be incredibly rewarding, but let’s be honest—keeping on top of the finances can feel overwhelming. Whether it’s tax returns, payroll, or just making sure you’re not paying more tax than necessary, an accountant can be a real lifesaver. But how do you find the right one for your business? Here’s everything you need to know.
Do I Need an Accountant for My Small Business in the UK?
First things first, do you actually need an accountant? While it’s not a legal requirement, having a professional handle your books can save you time, stress, and potentially a lot of money. An accountant can help with:
- Tax efficiency – making sure you only pay what you need to
- Compliance – keeping you on the right side of HMRC
- Cash flow management – helping your business stay financially healthy
- Business growth – offering advice on scaling up
- Financial forecasting – helping you plan for the future
- Reducing admin burden – freeing up your time to focus on business growth
How Do I Find an Accountant for a Small Business in the UK?
Now that you’re convinced, where do you actually find an accountant? Here are some great places to start:
1. Ask for Recommendations
Word of mouth is still one of the best ways to find a trustworthy accountant. Ask other business owners, friends, or networking groups for recommendations. If someone you trust has had a great experience, chances are you will too.
2. Use Online Directories
Websites like the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA), or Chartered Institute of Management Accountants (CIMA) have directories of qualified professionals. You can filter results based on your needs, such as industry specialism or location.
3. Check Online Reviews
Google Reviews, Trustpilot, and LinkedIn can be great places to see what others are saying about local accountants. Look for patterns in feedback—if multiple people mention poor communication, it might be a red flag.
4. Look for Industry Specialists
Some accountants specialise in certain industries, such as e-commerce, construction, or hospitality. If your business has specific accounting needs, a specialist could be a great fit. They’ll understand the nuances of your industry, ensuring your financials are optimised.
5. Consider Digital-First Accountants
Cloud accounting is becoming the norm, especially with Making Tax Digital (MTD) regulations requiring businesses to keep digital records and submit tax returns using compatible software. Many modern accountants offer fully digital services, ensuring compliance with MTD while streamlining financial management. If you prefer remote access and automation, look for an accountant who uses platforms like Xero, QuickBooks, or Sage to simplify processes and keep your business tax-ready.
How Much Does It Cost to Hire an Accountant in the UK?
Cost is a key factor when choosing an accountant. The price you pay will depend on the complexity of your business and the level of service you require. Here’s a rough guide:
- Basic bookkeeping services – from £50-£150 per month
- Annual tax returns – from £150-£600 per year
- Payroll services – from £10-£30 per employee per month
- Full-service accounting (including VAT, compliance, and advisory) – from £100-£500 per month
At Simplex, our packages start from £25 per month, and we never charge hourly—even for answering your questions. You get unlimited calls, texts, and emails, so you can always reach out for support without worrying about extra costs.
Some accountants charge an hourly rate, while others offer fixed-fee packages. Make sure to clarify pricing upfront to avoid hidden costs.
Questions to Ask an Accountant
Before you commit, it’s important to ask the right questions to make sure they’re a good fit for your business:
- Are you a certified accountant? Look for AAT, ACCA, CIMA, or ICAEW qualifications.
- What experience do you have with small businesses in my industry?
- How do you charge? Is it a fixed fee, hourly rate, or based on the services you need?
- What software do you use? If you use software like Xero, QuickBooks, or Sage, check if they’re comfortable using it too.
- Will I have a dedicated accountant, or will I be passed around a team?
- How proactive are you? Will they offer advice or just do the basics?
- What’s included in your fee? Ensure you know what you’re paying for upfront.
Red Flags to Watch Out For
Not all accountants are created equal, so it’s important to watch out for red flags. Always verify their credentials—lack of qualifications or professional memberships could indicate inexperience or unreliability. Poor communication is another warning sign; if they take too long to respond, it may cause frustration down the line. Hidden fees can quickly add up, so ensure their pricing structure is transparent from the start. Be cautious of pushy sales tactics—a good accountant should focus on providing valuable advice rather than hard selling services. Finally, be wary of those who overpromise, especially when it comes to tax savings. If it sounds too good to be true without a clear explanation, it probably is.
How to Make the Most of Your Accountant
Once you’ve found an accountant you trust, it’s important to build a strong working relationship. Here are some ways to get the most value from their expertise:
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Stay organised – Keep records of all expenses, invoices, and receipts in a clear and structured manner. Whether you use physical files or cloud-based software, good record-keeping helps your accountant work efficiently and ensures you claim all eligible tax deductions.
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Communicate regularly – Don’t just check in at tax time. Regularly updating your accountant about business changes, upcoming investments, or financial challenges allows them to provide proactive advice rather than just retrospective number-crunching.
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Ask for financial advice – Your accountant can do much more than just file your tax returns. A good accountant can help with cash flow management, budgeting, and long-term financial planning to ensure your business stays profitable and sustainable.
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Use technology – If your accountant recommends cloud accounting software like Xero, QuickBooks, or Sage, take advantage of it. These platforms can automate data entry, reduce errors, and keep you compliant with Making Tax Digital (MTD) regulations. They also provide real-time financial insights, helping you make informed business decisions.
Final Thoughts
Choosing the right accountant is an important decision, and taking the time to find someone who understands your business can make a huge difference. Do your research, ask the right questions, and go with someone who makes you feel confident about your business finances. With the right accountant by your side, you can focus on what you do best—growing your business.
Looking for your perfect accountant? Book a call with us today!
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