Competitive Pricing comparison (UK accountants)

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Competitive Pricing comparison (UK accountants)

Hello there! Thank you for your question regarding a competitive pricing comparison of UK accountants. The most helpful source that I found on this topic was the official Crunch website. The short answer is that the primary services provided by the requested companies are 1) crunch- accounting, bookkeeping and taxes, 2) the wow company- accounting, bookkeeping and taxes, 3) ihorizon- accounting, bookkeeping and taxes, 4) the accountancy- accounting and taxes, 5) alexander and co.- accounting and taxes and 6) metric- accounting, bookkeeping and taxes and 7) chart- accounting. Below you will find a deep dive of my research findings along with how I came to this conclusion. I hope that this helps you!

METHODOLOGY

In order to begin my research, I started by visiting the official websites of each of the companies in question. However, since the pricing figures of most of these companies was not mentioned publicly, I expanded my search to include review websites, user based blogs and other articles. However, despite an exhaustive search on numerous platforms, Crunch was the only competitor Website whose pricing information was available publicly. The other businesses require you to contact them for a quote. In the end, I have compiled a spreadsheet which summarized everything I located about services and pricing for each competitor.

PRICING and SERVICES OFFERED

1) CRUNCH

Services offered:

Crunch offers 3 packages to provide accounting services to its clients, the standard package, valued at £64, the best value package at £96.50 and the premium package for £156.50. All packages are charged monthly and are exclusive of VAT.

Bookkeeping services offered by Crunch start at £29.50 monthly plus VAT, but may vary based on the nature and size of client's business.

c) Taxes
Crunch offers various tax solutions such as the IR35 Review, which priced at is £59.50, and the Accountancy Review, valued at £74.50 (prices exclusive of VAT). The company also offers CIS solution, whose prices can be obtained by requesting a quote.

d) Additional Services
Apart from the above mention services, Crunch also offers its clients additional financial solutions such as Starting a company, Mortgages, Business Insurance, Banking, Financial Services, Legal Documents, Expenses, Payroll, References, Debt Collection and Company Closure.

2) THE WOW COMPANY


a) Accounting
b) Bookkeeping
c) Taxes
The pricing for the above mentioned services can be obtained by requesting a quote from the company.
d) Additional Services
Additional financial services provided by the company include Automation of business processes, profitability review, business growth planning and exit planning.

3) iHORIZON

Services Provided

Under accounting services, the company focuses on managing and updating Stat Books, Capital Tables, Company House Filings, among other document required for smooth functioning of the client company.

Bookkeeping services provided by iHorizon involve monthly management of company accounts. This helps the client company to provide the right information at the right time in its business operations.
c) Taxes
Tax solution from iHorizon are aimed at providing complete tax services, including personal returns and complex tax work.
The pricing for the above mentioned services can be obtained by requesting a quote from the company.
d) Additional Services
Additional services provided by the company include: 1. All communication with HMRC & Company House; 2. VAT, Payroll, Annual Accounts, Annual Return; 3. Full Xero ; and 4. Full Financial Control.

4) THE ACCOUNTANCY


a) Accounting
b) Taxes
The pricing for the above mentioned services can be obtained by requesting a quote from the company.
d) Additional Services
Additional services provided by the company include cash flow forecasts & reporting.

5) ALEXANDER and CO.


a) Accounting
b) Taxes
The pricing for the above mentioned services can be obtained by requesting a quote from the company.
d) Additional Services
Additional services provided by the company include business startup.

6) METRIC


a) Accounting
b) Bookkeeping
c) Taxes
The pricing for the above mentioned services can be obtained by requesting a quote from the company. However, the company operates on a fixed fee with the client being able to pay the fees throughout the year where possible. All services are offered ala carte and not bundled together.
d) Additional Services
Additional financial services provided by the company include secretarial services, tax investigation services, attendance at management meetings and annual business plan preparation.

7) CHART


a) Accounting
The pricing for accounting services can be obtained by requesting a quote from the company.
b) Additional Services
Though the company does provide some additional financial services, the official firm website does not clearly identify these.

CONCLUSION

Based on my research, I have concluded that the primary services provided by the requested companies are 1) crunch- accounting, bookkeeping and taxes, 2) the wow company- accounting, bookkeeping and taxes, 3) ihorizon- accounting, bookkeeping and taxes, 4) the accountancy- accounting and taxes, 5) alexander and co.- accounting and taxes and 6) metric- accounting, bookkeeping and taxes and 7) chart- accounting.
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